Viewing Bonus Details
Bonus is an additional compensation given to an employee above the normal wages as a reward for achieving specific goals set by the company. Bonus is an important aspect of an organization and contributes greatly towards employee motivation and job satisfaction.
As an administrator, you are required to add bonus details of employees. The bonus details include financial year, effective date, bonus percentage, maximum bonus limit and maximum bonus ceiling value.
To view bonus details:
On the PW Admin menu, under Payroll Admin, click Bonus Details.
The Bonus Details page appears.
The bonus details displayed are:
Bonus details
Field |
Description |
Financial Year |
Displays the financial year start for an organization. It appears in reports. |
Effective Date |
Displays the date from when this bonus master is applicable with the configured rates. |
Bonus Percentage |
Displays the percentage of bonus paid to the employee. It appears in bonus reports. |
Bonus Max Limit |
Displays the maximum bonus limit for employees. It appears in bonus reports. |
Bonus Calculation ceiling |
Displays the maximum ceiling value for bonus. It appears in bonus reports. |
Active |
Displays whether the bonus details is active - Yes or No. If active, the bonus details is available for employees on PeopleWorks, else it is not available. |
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