Salary Calculations

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Revision as of 08:25, 18 March 2020 by Ashwin.vanarase (talk | contribs)
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Salary Calculation consists of various terms such as CTC, reimbursements, allowances, provident fund, insurance, etc in which often creates confusion within employees. In this particular section, the Finance Admin is able calculate / modify salary of employees for a particular month. This is a crucial role or the task the finance admin has to perform so as to calculate correct salaries for each employees.

Roles

  1. Finance Admin
  2. Leave Admin
  3. Staff/Faculty

Path

Salary » Salary Calculations

Inputs Needed

  • Salary components should be configured for each employee and their priorities should be set.
  • Employee and component mapping should be completed.
  • Employee service book should be filled and SALARY WEF DATE should be mentioned.
  • Employee date of joining should saved in the system.
  • Pay structure should be defined.
  • Post wise priority should be set.
  • If muster and salary calculation is integrated, then monthly muster should be freezed.

Functioanlity

  • Salary components should be configured for each employee and their priorities should be set.
  • Employee and component mapping should be completed.