Adding Pay Structures

To add pay structures:

1. On the PW Admin menu, under CTC, click Pay structures.

2. Click Add.

The Add Pay Structure dialog box appears.

3. In the Pay structure name text box, enter the name of the pay structure.

4. In the Description text box, enter the description of the pay structure.

5. In the Available components list box, do any of the following:

6. Select the component or hold down the CTRL key while you click other components you want to select and then click.

7. To select all the components, click .

Note 1:            In the Available components list box, the text that is highlighted in bold is the header. You can choose
                     the header for a set of components that can be categorized under that header name.  

Note 2:            To remove selected components for a group, select the component in the Selected components list box and
                     click  or to remove all selected components for a group, click.

Note 3:            Special allowance is by default a selected component. The balance amount after planning of amount available
                     as benefits is available as the special allowance component.

6. To change the order of the selected components, select the component in the Selected components list box and click  to move the component up or click  to move the component down.

Note:               You can include headers and arrange the components accordingly.

7. In the Select Input drop-down box, select the component you want to use as the basis of pay structure calculation.

8. Click Save and Continue.

The Add Pay Structure dialog box appears displaying the selected input component.

9. To define the formula for calculation of a component, click the corresponding Click to enter formula.

Note:               Click Previous to go back to the Previous dialog box.

The Enter/Edit Formula dialog box appears.

10. Enter the formula for calculation of the selected component.

Note:               You can select another component to include in the formula. For example, Basic may be 40% of CTC as
                        defined by the organization. You can select component and then define the formula as CTC * 0.4.

11. Click Ok.

The formula appears for the corresponding component in the Add Pay Structure dialog box.

12. To enter the permissible range for the amount that is the result of the component calculation, click Click To Enter Range corresponding to the component.

The Enter/ Edit range dialog box appears.

13. Enter the range or upper limit for the component.

Note:               If the amount calculated for the component is not within the specified range, the system displays an out of range message.

14. Click Ok.

The range appears for the corresponding component in the Add Pay Structure dialog box.

15. Once the formulae for all the components are defined, in the Add Pay Structure dialog box, enter the formula for the Total Cost to Company.

16. In the Add Pay Structure dialog box, click Save and Preview.

The defined pay structure is saved. The CTC Calculation dialog box appears.

17. To preview the pay structure according to your calculations, enter an amount and click Calculate.

The pay structure is calculated by using the defined formulae and the preview is generated.

1. If you want to make any changes to the formulae or ranges specified for the components, click Previous.

Note 1:            Fields marked * are mandatory and you cannot leave them blank.

Note 2:            To exit the dialog box without saving, click Cancel.

• If you want to edit an existing pay structure, select the check box corresponding to the pay structure. Click Edit, make the required changes and save.

• If you want to delete an existing pay structure, select the check box corresponding to the existing pay structure. Click Delete and confirm.

Click to know more:

Pay Structures

View Pay Structures