Salary Revision Planner
This section answers queries related to Salary Revision Planner.
- Why should I use this tool?
- Does this tool support an exception list for employees?
- Does it factor in variable pay as a separate component or does it consider net CTC? If it takes net CTC, how does the cut/defer apply to variable pay while applying the cut/increment?
- Do we have a provision for not deducting the income tax for the deferred salary amount?
- Can I save scenarios like in the investment declaration and choose the best scenario for salary increase/decrease later?
- How does the tool work?
- Can I use this tool for analyzing salary revision plans by revising salary components such as sales incentives, bonuses, and leave encashments?
- Can I execute exceptions like extra deductions or no deductions for the employees using this tool?
- Can I create my goal with multiple band frequencies, compare them and choose the most suitable one (Like IT plan comparison)?
- Does it work like Goal Seek functionality in Microsoft Excel?
- Can I revise the salaries based on different levels of salary bands?
- Will it help in changing the actual CTC values?
- Why do I need this tool when I can get it done with an Excel sheet?
- Will I be able to implement the results of the what-if analysis to the payroll module within the greytHR tool?