How can admin enter perk/incentive value for employees?

Updated on - April 2023

Admin can enter the perk/incentive value for employees in the Salary page. 
A perk or incentive refers to an additional benefit or reward offered to employees beyond their regular salary or wages.

To enter the  perk/incentive value for employees, the admin must perform the following actions;

1. From the greytHR Admin login, navigate to  Payroll > Payroll Inputs > Salary. The Salary page opens.
2. Under the Component Group table, enter the component Incentive.
3. Click the Edit icon available next to the INCENTIVE component. The Edit: INCENTIVE pop-up appears.
4. Click +Add row. A row is added to the table.
5. Under the From Date column, double-click the column to select the effective date of the new incentive value.
   Note: If you override a component, you can view an additional column, i.e., To Date.
6. From the To Date dropdown calendar, select the date up to which overridden value of incentive is applicable. 
7. In the Amount text box, enter the new amount of incentive you want to pay the employee.
8. In the Remarks column, specify the remarks for the employee. 
9. Click Save to save the new value. A success message appears.
10. Click Process Payroll to update the new value of the incentive in the employee's salary structure. 

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Related Links:

❓FAQs- To read more FAQs about Salary, click here.

📃Documentation- To read more about the Salary page, click here.

▶Video- To watch a video on Salary, click here.

📢Product Update- To read about the product update, click here.