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Need of Increment in an Organization
Features/Advantages of Increment in an Organization
Overview of Increment Process in Marg HRXpert Payroll Software
Process of Increment in Marg HRXpert Payroll Software
Different Ways/Methods to do Increment in HRXpert Payroll Software
Introduction to Arrears/Salary Adjustment
Reasons to Give Arrears to Employees in an Organization
Process of Arrears in Marg HRXpert Payroll Software
Process to View Arrear Entry in HRXpert Payroll Software
Process to View Arrear Report in HRXpert Payroll Software
Process to View Salary Slip in HRXpert Payroll Software
Process to View Salary Register with Arrear in HRXpert Payroll Software
INTRODUCTION TO INCREMENT
NEED OF INCREMENT IN AN ORGANIZATION
In every organization, there is a need of increment in the salary of employees which will help:
FEATURES/ADVANTAGES OF INCREMENT IN AN ORGANIZATION
Helps to motivate employees to work harder.
Increase in Salary leads in reducing the costs of hiring and training new employees i.e. Reduce Recruitment costs.
Enhance the quality in the employee’s performance.
Improve company productivity & Increase in profits (Business Growth).
Greater Job Satisfaction & Employee Retention.
OVERVIEW OF INCREMENT PROCESS IN MARG HRXPERT PAYROLL SOFTWARE
In HRXpert Payroll Software, Increment can be done in two ways:
Percentage Wise
Amount Wise
PROCESS OF INCREMENT IN MARG HRXPERT PAYROLL SOFTWARE
Firstly, go to HRD Module >> Increment Entry.
The user will select Grade, Branch, Department and Designation. Then click “Show”.
Select “Employee” and then the user can either press “Enter” key, F10 function key or double click in order to change the increment.
Fill the increment entry details. The user can view “Income Head” on left side and “Deduction Head” on right side.
Case: If the user needs to fix any Income Head then go to Admin Tools>>CTC Breakup Setup
Enter “Show”.
Then click on “Edit” and fix the head/heads as per the requirement.
Suppose the user fix Medical & Transport heads and then click on “Save”.
Enter the “Increment Date” i.e. the date from which increment needs to be done.
With the help of HRXpert Payroll Software, there are two ways in which Increment can be done i.e. Percentage Wise & Amount Wise
Firstly, select “Amount”.
Suppose the user needs to increase the salary with amount Rs. 5000 then the user will enter the Amount as “5000” in the increment.
Also, the user will specify on which the amount needs to be added i.e. Basic, Gross or CTC. The user has selected “Basic” here so the amount will be added in “Basic Pay”. It means that earlier Basic Pay was 10,000 and after increment of 5000 the basic pay is 15,000.
So, let’s understand the different ways/methods to do increment in HRXpert Payroll Software in detail.
DIFFERENT WAYS/METHODS TO DO INCREMENT IN HRXPERT PAYROLL SOFTWARE
In Marg HRXpert Payroll Software, the user can do increment in 7 ways/methods:
If the user needs to do the increment on the basis of “Percentage + Basic” i.e. if 20% increment needs to be done then the software will first calculate 20% of Basic Pay (20% of 10,000) and the amount which will be calculated gets added in CTC and then further gets bifurcated in other heads.
If the user needs to do the increment on the basis of “Percentage + Gross” i.e. if 20% increment needs to be done then the software will first calculate 20% of Gross Salary (20% of 17,300) and the amount which will be calculated gets added in CTC and then further gets bifurcated in other heads.
If the user needs to do the increment on the basis of “Percentage + CTC” i.e. if 20% increment needs to be done then the software will calculate 20% of CTC (20% of 19,322) and the amount which will be calculated gets added in CTC and then further gets bifurcated in other heads.
If the user needs to do the increment on the basis of “Amount + Basic” i.e. if the employer needs to do increment in the employee salary with amount 5000 then the software will simply add the 5000 amount in the Basic Pay.
The user can view that the earlier Basic Pay was 10,000 and after increment of 5000 the basic pay is 15,000.
If the user needs to do the increment on the basis of “Amount + Gross” i.e. if the employer needs to do increment in the employee salary with amount 5000 then the software will simply add the 5000 amount in the Gross Salary and also bifurcates it in the Income Head.
If the user needs to do the increment on the basis of “Amount + CTC” i.e. if the employer needs to do increment in the employee salary with amount 5000 then the software will simply add the 5000 amount in the Monthly CTC and also bifurcates it in the Other Heads.
If the user needs to do the increment on the basis of “Amount + Basic + Effect Other Amount” i.e. the ratio in which the basic salary would increase then in the same ratio all the other income heads would also get increase.
In order to add the balance amount in income head; the user will press F2 function key and the Balance Amount will get added automatically in the Income Head (as shown below)
Fig. 1 Process to Add Balance Amount in Income Head in HRXpert Payroll Software
INTRODUCTION TO ARREARS/SALARY ADJUSTMENT
REASONS TO GIVE ARREARS TO EMPLOYEES IN AN ORGANIZATION
PROCESS OF ARREARS IN MARG HRXPERT PAYROLL SOFTWARE
If the employer needs to give the salary to an employee with Arrear then it can be easily given with the help of Marg HRXpert Payroll Software.
If an employee joins the organization in the middle of the month and the employer needs to give the arrear from the mid of the month then the employer needs to first create the attendance for that particular month with the help of Muster Roll.
Select the month (April 2017) and click on “Show”.
Save the Attendance.
Fig. 1.1 Process to Save Muster Roll Attendance in HRXpert Payroll Software
Fig. 1.2 Process to Save Muster Roll Attendance in HRXpert Payroll Software
Select the Month of which the Salary needs to be fixed/locked. Then Click on “Show”.
Enter the Date of Payment and Save it.
A message will get displayed that if the employer has locked the salary of a particular month then it can’t be further modified (as shown below).
Fig. 1.3 Process to do Increment of all Employees in HRXpert Payroll Software
Fig. 1.4 Process to do Increment of all Employees in HRXpert Payroll Software
Go to Data Entry>>Arrear Entry
Fig. 3.1 Menu View to Arrear Entry in HRXpert Payroll Software
Click on “Show”.
Process to View Arrear Entry in HRXpert Payroll Software
Process to View Arrear Entry in HRXpert Payroll Software
The user can view all the Arrear Entries here (as shown below).
Fig. 3.3 View of All Arrear Entries in HRXpert Payroll Software
Fig. 3.4 View of All Arrear Entries in HRXpert Payroll Software
Process to View Arrear Report in HRXpert Payroll Software
Go to Reports>>Monthly Reports>>Arrear Report
Fig. 4.1 Menu View to Arrear Report in HRXpert Payroll Software
Click on “Display”.
Fig. 4.2 Process to View Arrear Report in HRXpert Payroll Software
The user can view that an Arrear Report has been displayed with the details of Arrears only. (as shown below)
Fig. 4.3 Snapshot of Arrear Report in HRXpert Payroll Software
Process to View Salary Slip in HRXpert Payroll Software
In order to view Salary Slip along with the Arrear, go to Reports>>Monthly Reports>>Salary Slip-View
Fig. 5.1 Menu View to Salary Slip in HRXpert Payroll Software
If the user needs to view the Salary Slip along with the Employer part then click on “Employer Part”>>Click on Arrear. Then click on “Show”.
Fig. 5.2 Process to View Salary Slip with Arrears in HRXpert Payroll Software
If the employer needs to view the Salary Slip along with the Arrears of all the employees of an organization then click on “Select All” or for a particular employee then select that particular employee and click on “Display”.
Fig. 5.3 Process to View Salary Slip with Arrears in HRXpert Payroll Software
Fig. 5.4 Snapshot of Salary Slip with Arrears in HRXpert Payroll Software
Process to View Salary Register with Arrear in HRXpert Payroll Software
In order to view the Salary Register along with the Arrear, then go to Reports>>Monthly Reports>>Salary Register
Fig. 6.1 Menu View to Salary Register in HRXpert Payroll Software
Click on “Arrear”>> Select the “3rd” Format>> Then Click on “Excel”.
Fig. 6.2 Process to View Salary Register with Arrear in HRXpert Payroll Software
Fig. 6.3 Snapshot of Salary Register with Arrear in HRXpert Payroll Software
Increment Letter
Usually, an increment letter is provided to all the employees in an organization when their salaries are revised.
For that the user will go to Reports>>H.R. Reports>>Increment Letter
Fig. 7.1 Menu View to Increment Letter in HRXpert Payroll Software
Click on “Show”.
Fig. 7.2 View of Increment Letter Window in HRXpert Payroll Software
Select the Employee and then click on “Display”.
Fig. 7.3 Process of Selecting Employees to view Increment Letter in HRXpert Payroll Software
Fig. 7.4 Snapshot of Increment Letter in HRXpert Payroll Software