Field

Description

Component name

Displays the name of the component as used in the corresponding database

Display Name

Displays the name of the component as displayed to PeopleWorks users

This is name displayed for the component on the pay slip

For example, Basic, HRA, Allowance

Category

Displays the category of the component - Fixed or Flexible

• Fixed components are those which are decided as per organization’s policies and cannot be modified once fixed by organization for all its employees. For example, Basic, HRA, PF

• Flexible components are those which can be changed by an employee at the frequency decided by organization

• For example, medical benefit plans, retirement plans and so on can be planned by the employee within the total flexible amount defined by the organization

Planning type

Displays the frequency of planning allowed for the component – Monthly, or Yearly

Proportionate type

Displays whether the component is Prorated, Non-prorated or Non-proportionate

Prorated -If the component is calculated from the date of joining of the employee till the financial year end, it is termed prorated

Non-prorated - If the component is  calculated from the month the employee joins the organization till the financial year end, it is termed non-prorated

Non-proportionate - If the component is calculated from the financial year beginning to the financial year ending as defined for the organization, it is termed non-proportionate

Pay-out type

Displays how often this component is paid out to the employee - Monthly, Quarterly, Half-yearly or Annually

Outside CTC

Displays whether this component is outside the CTC

Some components are not part of the pay slip but are shown under the CTC breakup. For example, Mediclaim, gratuity

Round off

Displays whether the calculated amount for this component is rounded off as well as the amount rounded off for the component

Active

Displays whether the component is active -Yes or No

If active, it is available for selection where relevant in the Compensation submenus, else it is not available

Header

Displays whether the defined item is a header - Yes or No

If it is a header, it will have no other properties or value and it will just appear in bold as the header for a set of components.