Recording salary structure for grade

Record Grade Based Salary Structure - A summary of the activity

Page objective

Glossary

Basics of using the Ramco Enterprise Series 4.0 web page

Using Onlice Help

The “Record Grade Based Salary Structure" page appears.

The system displays the following detail.

Date Format

The date format applicable to the login user.

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Organization Structure Unit

From the drop-down list box, select the organization structure unit.

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Employment Unit

From the drop-down list box, select the employment unit for which you require to record the grade based salary structure.

To set salary structure

Grade Set

From the drop-down list box, select the grade set.

Grade

From the drop-down list box, select the grade.

Work Location

From the drop-down list box, select the work location.

The system displays the currency in which the salary is paid to employees in “Currency” field.

Pay Element Code

The code identifying the pay element.

 

Help available

 Value

The value that is payable to the employees of the grade against the specific pay element.

Amount/Percentage

From the drop-down list box, select any one of the following options:

  • "Amount" indicates the pay element value will be defined as amount

  • "Percentage" indicates the pay element value will be defined as a percentage

  • "Rule" indicates the pay element value will be computed based on the specified  rule

Derived Type

From the drop-down list box, select either one of the following derived types if the pay element is defined as a percentage :

  • "Pay Element" indicates the pay element amount is derived as a percentage of a specific pay element

  • "Accumulator" indicates the pay element amount is derived based on the accumulator.

Derived Type Code

The code of the pay element or accumulator depending on the selection of the Derived Type.

Periodicity

From the drop-down list box, select the periodicity as hourly/monthly/weekly. This will be the frequency or the periodicity at which the amount will be paid against the pay element.

Variable at Employee Level

From the drop-down list box, select

  • “Yes”, to indicate that a different value for the pay element can be specified in the “Record Employee Salary Details” activity (Compensation component) for employees.

  • “No”, to indicate the contrary.

Proration Applicable

From the drop-down list box, select "Yes" or "No" option to indicate whether proration for the pay element is applicable or not.

LOP

From the drop-down list box, select either "Yes" or "No" option to indicate whether Loss of Pay (LOP) is applicable for the pay element or not.

Grace Period

The minimum number of grace period units for which LOP can be availed against the pay element.

Grace Period Units

The units for the grace period specified. Example, "Day", "Hour".

Flexible

From the drop-down list box, select either "Yes" or "No" option to indicate whether the pay element amount is fixed or variable at employee level.

Option

From the drop-down list box, select either "Yes" or "No" option to indicate whether the employee in the grade can opt for the selected pay element or not.

Rule

The rule applicable for computing the pay element amount, if you selected the option "Rule" from the "Amount/Percentage" drop-down list box.

Sequence No.

The sequence number of the pay element.

Remarks

The remarks pertaining to the pay element.

The system displays the description for the selected pay element in the “Pay Element Description” field.

Minimum Annual CTC

The minimum CTC eligible for the employee.

Maximum Annual CTC

The maximum CTC eligible for the employee

The system computes and displays the computed amount against the pay element in the "Computed Value" field in the multiline.

The system computes the earnings for all the pay elements in a year and displays the Computed Annual CTC for the grade.

Modification Option

From the drop down list box, select “Update”.

New Effective From

The date from which the record becomes valid for payroll processing.

Comments

Any remarks on the record.

To view/ select record

The system displays the currency in which the salary is paid to the employees in the “Currency” field.

The system displays all the available details of the most recent record for the selected Grade Set – Grade – Work Location combination.

The “Effective From” and “Effective To” fields display the start and end dates of the effective period of the selected record. However, for the most recent record, the “Effective To” field remains blank.  The effective period of a record means the values in the record are picked up for payroll processing for the matching processing period. The “Effective To” date for the latest record is set only after a new record is created and hence the field is blank.

To modify selected record

Modification Option

From the drop down list box, select

  • “Update”, if you have updated the record with new information. As a result, a new record is created and a history of records is maintained.

  • “Correct”, if you have corrected the record. The system overwrites the existing record.

New Effective From

The date from which the updated record becomes operational.

You must enter the date only if you have selected “Update” in the “Modification Option” field.

The “Effective To” date for the previous record is set to the previous day. For example, if you have updated the record on 10-02-2006, the system sets the “Effective To” date of the previous record to 09-02-2006.

To delete the selected record

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6    Hyperlinked text below

Page Objective

To set salary structure

To view/ select record

To modify selected record

To delete the selected record

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