Manage salary

who can use this feature \ admin managers payroll managers in marco, the staff's salary package will be recorded as individual pay items, such as basic salary, transport allowance, sales commission, and so on you can configure each pay item based on country item type frequency marco platform's people page pay tab, with the manage pay item screen open, showing the staff's pay items each pay item can contain multiple entries each entry contains the following details about the pay item pay amount currency payment type effective date end date marco platform's manage pay item screen, showing a list of the staff's pay items with all the entries under each pay item assigning salary package to staff when adding the staff's salary package in marco for the first time, you can begin by adding the necessary pay items for the staff you can add new entries to a pay item whenever there is an adjustment to the staff's salary package when a staff's salary package is adjusted, each new entry will override the previous entry from the new effective date onwards for more information on managing salary adjustments, refer to manage salary /#salary adjustments only active pay item entries will appear in the staff's pay details page overridden entries and entries with an effective date in the future will not appear marco platform's my pay page pay details tab salary adjustments a staff's salary package can change in several ways if there is an adjustment to a staff's salary package, you can manage it in marco by completing the following steps true false 189,301false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type false unhandled content type examples additional pay item due to a revised company policy, all staff will receive a transport allowance from september 2021 onwards a new pay item, transport allowance, is added with an effective date of 1 september 2021 on 1 september 2021, all affected staff will see the transport allowance in their pay details pay adjustment staff x receives an annual salary increment at the end of 2023 a new entry is added to basic salary, containing the new monthly salary with an effective date for 1 january 2024 the previous basic salary entry is edited to reflect an end date of 31 december 2023 on 1 january 2024, staff x will see the new salary details in their pay details pay item cut due to a reduced budget, all staff will no longer receive a lunch allowance after july 2020 the current food allowance entry is edited to reflect an end date of 31 july 2020 from 1 august 2020 onwards, all affected staff will no longer see the food allowance in their pay details add pay items if a staff does not have a pay item in their pay details, you must add it to create the first pay item entry before you begin prepare the following details for each pay item pay amount and currency payment type (gross, net, ctc) payment frequency effective date end date, if any to add a new pay item go to people select a staff > pay under pay details, select manage pay items the manage pay items screen appears select add new pay item the new pay item screen appears select the country and pay item enter the pay details select save changes add new entries to pay items you can add new entries to existing pay items this is useful for cases when a staff receives a pay adjustment to add a pay item entry go to people select a staff > pay under pay details, select manage pay items the manage pay items screen appears under a pay item, select the expand icon to view the pay item entries marco platform's manage pay item screen, with expand highlighted select add new entry the add new entry screen enter the pay details for the new entry select save changes a new entry has been added to the pay item edit pay entry details you can edit the following details for each pay item entry payment type gross—the stated amount includes taxes, employee contributions, and other deductions net—the stated amount excludes taxes, employee contributions, and other deductions ctc (cost to company)—the stated amount accounts for the full employee cost, including employer contributions pay amount and currency effective date end date this is useful for cases when the pay details are inaccurate, or if an end date needs to be added to the pay entry to edit a pay item entry go to people select a staff > pay under pay details, select manage pay items the manage pay items screen appears under a pay item, select the expand icon to view the pay item entries marco platform's manage pay item screen, with expand highlighted under the relevant pay item entry, select edit the edit entry screen appears update the relevant fields select save changes delete entries from pay items if you delete a pay item entry, the action cannot be reversed if you want to implement a pay cut for a staff, refer to manage salary /#salary adjustments for recommendations on how to manage your staff's salary changes instead to delete a pay item entry go to people select a staff > pay under pay details, select manage pay items the manage pay items screen appears under a pay item, select the expand icon to view the pay item entries marco platform's manage pay item screen, with expand highlighted under the relevant pay item entry, select remove if there is only one entry in the pay item, the pay item will also be automatically removed when the entry is deleted