Select Salary Period
Explanation
Salary period selection option can be found in the "Salary Revision Summary" section of Salary
Revision Request. By default the salary period pertaining to the employee's base salary is fetched. The default
salary period can be changed as needed. Salary period field shows the salary periods belonging to the company which
are defined in the Salary Rate, Frequency and Period page. When the salary period is changed the amounts shown for
the fields 'Current Total Salary', 'Proposed Increment' and 'Proposed Total Salary' are
adjusted accordingly. The amounts of these fields are shown in the company currency.
The fields Proposed Increment, Proposed Increment % and Proposed Total Salary are updated based on the changes
done to Compensation Details. The amount and percentage fields of Salary Revision Summary can be defined as
follows:
- Current Total Salary - The employee's current total salary package. Carries the total of
all valid compensation types.
- Proposed Increment - The increment amount proposed for the employee. Carries the total of
all proposed increments (of compensation types).
- Proposed Increment % - The proposed increment as a percentage of the current total
salary.
- Proposed Total Salary - The total of the current total salary and the proposed
increment.
Prerequisites
- Companies should be defined along with the currency details.
- Currency Rate information should be defined and maintained for the company.
- Compensation Types should be defined for the company.
- Salary Periods should be defined for the company and the Per Annum Ratio defined for each.
- Compensation Types should be assigned to the employee and the salary details maintained.
System Effects
- Once a Salary Period is selected the Current Total Salary, Proposed Increment and Proposed Total Salary field
amounts are recalculated accordingly.