Employee Incentive

Employee Incentives are a way of compensating and motivating employee performance apart from the usual salary.

When an organization wants to encourage productivity among its employees, one of the options available is rewarding the Employee with an incentive. OneOfficeERP allows you to create Employee Incentives as and when required for a particular payroll entry.

To access Employee Incentive, go to:

Home > Human Resources > Payroll > Employee Incentive

1. Prerequisites

Before creating an Employee Incentive, it is advisable to create the following:

• Employee
• Salary Component

2. How to create an Employee Incentive

1. Go to Employee Incentive list, click on New.
2. Select the Employee.
3. Enter the Incentive Amount.
4. Select the Payroll Date.
5. Select the Salary Component under which you want to give the incentive.
6. Save and Submit.
7. On submit, the 'Additional Salary' document of the specified 'Salary Component' is created. This will be fetched while running the Payroll Entry.

3. Related Topics

1. Retention Bonus
2. Additional Salary
3. Salary Component
4. Salary Structure
5. Payroll Entry