This activity is used to register employee payment information such as bank account details including banking institution location information, purpose of bank accounts, pay methods, and distribution of payments.
The fields that are visible and mandatory will be defined using the Payment Information Template set up by the company. The Payment Information Template can also be used to determine if the bank details basic data will be fetched from the Bank Details page. It is also possible to set up the Payment Information Template to not use existing bank details, thereby enabling manual entry of bank details basic data in this page. The maximum number of active payment information records that can be entered for an employee can also be defined using the Payment Information Template.
BIC/SWIFT Codes are validated as per the international standards. The Routing Codes are validated as per the US banking standards. IBAN Bank Account Numbers are validated according to International Bank Account Number (IBAN) standards.
If "Cash" is selected as the Pay Method, the fields related to bank accounts such as the bank account number fields and bank details fields will be disabled as those fields are considered irrelevant for a cash payment.
If the Payment Information Template has been set up to use bank details basic from the Bank Details page, the required bank details data should be updated in the Bank Details page.
Payment information entered in this page will be available in Employee File/Compensation/Payment Information, My Employees Information/Compensations/Payment Information, and My Personal Information/My Payment Information pages
If the "Auto update employee property code" option is enabled in the Payment Information Template for the company, and if there are mapped employee property codes with the fields defined in the Payment Information Template, those property codes will be inserted and modified automatically. However, during a deletion, these property code values will not be deleted. For this to happen, the payment information records' Purpose should be defined as "Payments" of "Payroll & Payments"
My Payment Information
My Personal Information Change
Payment Information - HCM Services
Payment Information - Manager Services
Modify Employee Compensation Related Data
Modify Employee Personal Information
Modify Employee Personal Information, My Self-Services