How to update salary for an employee?

You can update the salary for an employee by one of the following two ways:

Updating the annual CTC—once the annual CTC is updated, based on the percentage allotted for the various components, the annual CTC is distributed across the components. To update the annual CTC, perform the following steps:

1. Navigate to Payroll > Payroll Inputs > Salary.
2. Search for the employee.
3. Click Update Salary.
4. In the Annual CTC text box, modify the annual CTC or the percentage for the employee.
5. Choose the effective date and the payout month.
6. Add a note in the Remarks text box.
7. Click Save.

Updating a particular component of the salary—On the Salary Revision page, an edit icon appears adjacent to certain components based on configurations. You can click the Edit icon ( ) to modify that particular component. The salary of the employee is updated based on the modifications you make.

Watch the video to know how the salary revision process works on greytHR