Compensation

How to add compensation/salary of an Employee?
Steps to follow: Step 1: Go to Employee Management (HR), from the list select Compensation. Step 2: From the dropdown list select the employee name and...
Thu, 18 Nov, 2021 at 7:04 PM
How is Cost to Company (CTC) calculated?
Cost to Company (CTC) is calculated as (Gross Pay + Employer Costs). CTC is the yearly expenditure that a company spends on a employee. 
Fri, 19 Nov, 2021 at 12:43 PM
How to add the Basic amount for employees?
To add the Basic amount for employees, perform the following steps: Log in to the SumoPayroll with super admin access using the login credentials. Naviga...
Tue, 23 Nov, 2021 at 12:03 PM
How to add new allowances and deductions in payroll settings?
Please follow the steps below to add a new allowance:            Go to Payroll> Payroll settings> Allowances tab and click on Add button       ...
Fri, 19 Nov, 2021 at 1:12 PM
What is Gratuity?
To calculate the tax-exempt gratuity amount, the law divides non-government employees into two categories: those who are covered under the Payment of Gratui...
Tue, 23 Nov, 2021 at 12:09 PM
How compensation effective pay period date will impact on Payroll?
The Compensation of the Employee will be effective in payroll from the selected 'Effective Pay Period Date' in the Compensation.  For Example:...
Tue, 23 Nov, 2021 at 12:07 PM
How can I update employee compensation?
To update employee's compensation  Go to Employees Menu > Compensation > Select Employees > Click Update Do the necessary updates & s...
Wed, 24 Nov, 2021 at 2:31 PM