How to compute Bonus/AWS amount based on current salary
1. Go to Payroll --> Pay Run --> Special processing --> Bonus Pay tab
2. Click on <New Bonus>
3. Input the bonus detail and select the pay element for
the bonus and click on <Save>
4. Select the appropriate Paygroup for the bonus payment by clicking on <New Pay Group>
5. Input the below information and click on <Save>
a. Select the Paygroup
Repeat from step 4 onwards if you have more than one Paygroup to process for the bonus amountb. Select proration based on Working day/Calendar day/Service month/None
c. Select Bonus calculation based on Effective salary/ Fixed amount/Effective salary + fixed amount.
d. Full Rate factor :
- Enter 1 : full month
salary
- Enter 0.5 : half month salary
e. Multiplier – this will determine the bonus to be given.
- Eg, if the bonus to be given is 2 months salary, set the multiplier as 2; if bonus to be given is 1.5 months, set the multiplier as 1.5
f. Tick on <Exclude Probationary Staff As At> or <Exclude Resigned staff As At> if resigned staff /
probationary staff are to be excluded from the bonus payment. Note that <As of> date is
required once the options are ticked.
6. Click on <Employee list> to select the appropriate employees for the bonus processing and click on <Submit>
7. Select the final list of employee for the bonus payment by ticking on the check box besides the employee Name from the list of selected employee and click on <Process List>
8. Check the bonus amount to ensure it is correct after processing.
9. Go back to the Bonus Process setting screen and
click on <Lock> to lock the records after confirming that the bonus amount is correct.
10. Click on <Post to Payroll>
11. Select <Amount> under "Post as" column, the appropriate Pay run type and Pay period and click <Submit>
12. Go to Payroll --> Variable tab to check and confirm that the bonus record has been posted to Variable data.
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