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What is the process of Bonus Setup in HRXpert Software ?

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Ans.1
  • Go to HRD Module > Bonus Setup.

  • A 'Bonus Setup' window will appear. 
  • In 'Select Grade' , the employer will select grade for which bonus needs to be set.
  • Click on 'Add'.

  • In 'Date & From', the employer will mention the date from which date till which date the Bonus setup will be applicable.
  • Suppose mention '01-06-2023' to '30-06-2023'.

a. Bonus to be Calculated On: The employer will select the bases of calculation of bonus i.e. Basic salary or Gross salary. 

b. Bonus Not Applicable if Amount (1) Exceeds: The employer will mention the limit of amount after which bonus is not applicable.

c. Max Amount in (1) on which Bonus is Calculated: The employer will mention the maximum limit of amount on which bonus needs to be calculated.

d. Maximum Bonus Amount to be Given: The employer will mention the maximum limit of Bonus.

e. Define Bonus %: The employer will mention the bonus in percentage (%).

Click on 'Save' to save the details.

After following the above steps, the employer can do Bonus Setup in HRXpert Software.


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