Payroll policies control how salaries, attendance deductions, overtime payments, and employee insurance benefits are managed throughout the organization.
Payroll Policies
Configure the core payroll structure including payroll frequency, salary advances, deduction rules, processing dates, bonuses, statutory deductions, and payroll calculation methods.
- Payroll frequency settings
- Payroll processing & cut-off dates
- Salary advance policies
- Bonus and incentive rules
- Deduction and rounding rules
Attendance Policies
Define attendance-related payroll rules including late arrivals, absences, leave balances, and attendance deductions.
- Late arrival deduction rules
- Early departure management
- Absent day calculations
- Leave encashment policies
- Leave carry-forward rules
Overtime Policies
Control how overtime is calculated and compensated based on working hours, weekends, holidays, and organizational rules.
- Overtime multipliers
- Minimum overtime thresholds
- Weekend & holiday rates
- Overtime limits and caps
- Cash or compensatory time options
Insurance Policies
Manage employee insurance benefits including health insurance, life insurance, coverage eligibility, and employer contributions.
- Health insurance plans
- Life insurance coverage
- Disability benefits
- Coverage eligibility rules
- Contribution ratios