Salary Template Overview

Article sections

    Introduction

    A Salary Template is a predefined structure that outlines the components and calculations of an employee’s salary, including basic pay, allowances, deductions, and taxes.

    The BizGaze’s ‘Salary Template app’ helps organizations streamline their payroll processes by allowing them to create and manage standardized salary structures. It enables HR and payroll teams to easily configure various components like basic pay, overtime, bonuses, and deductions within a template.

    Portlets & Widgets

    In the layout view, a Portlet accurately represents each functionality, and its corresponding data is precisely viewed as a Widget. The following section includes the default portlets and widgets of the Salary Template App.

    Salary Components

    This widget contains basic information about the Salary Components

    Field name Description
    Salary Earnings Salary earnings refer to the monetary amounts an employee receives as compensation for their work. Salary earnings include various components like basic pay, allowances, and bonuses that contribute to an employee’s total income.
    Monthly the total compensation an employee receives for one month of work. This includes their base salary, any fixed allowances, and additional earnings for that particular month
    Annually the total compensation an employee receives over the course of a year. This includes all salary components, bonuses, and allowances that the employee is entitled to receive throughout the year.

    Salary Template

    This widget contains basic information about the Salary Template

    Field name Description
    Template Name The unique identifier or label given to a specific configuration of salary components and calculations
    Description  
    Annual CTC the total compensation package that an organization commits to pay an employee over the course of a year. It includes not only the basic salary but also allowances, bonuses, benefits, and any other monetary perks provided by the company

    Activity Log provide users with essential information, notifications, and real-time updates to keep them engaged and informed about key activities in apps related to updates, notifications, and stage changes.

    Field name Description
    Comments User can write short notes or comments about the Salary Template
    Audit
    Created Date Date when the Salary Template is created
    Created By Name of the person who created the Salary Template
    Last Updated Date Last stage changed of the Salary Template
    Last Updated By Name of the person who last updated the stage
    Status Displays the current status of the Salary Template
    Time-Line This widget tracks all the activities within the app.
    in Salary Template
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