Salary Structure is the details of the salary being offered to an Employee, in terms of the breakup of the different components constituting the compensation.

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How to create a Salary Structure

1. Click on ‘Salary Structure’ under [Masters] section and you will arrive at Salary Structure Listing
2. Click ‘+ Add Salary Structure’ to create a new Salary Structure.
3. Give this Salary Structure a name.
4. Select the Company Name and Payroll Frequency.
5. Select the Letter Head, Currency, Leave Encashment Amount Per Day (MYR), Max Benefits (MYR). (Optional).
6. Insert all Earnings and Deduction salary component,
7. Click Save and Submit a new Salary Structure will be created.

Salary Structure for Salary based on Timesheets

In ByondHR you can also define the Salary Structure for Salary Slip based on Timesheet, which allows the Company to pay their Employee as per working hours.

Steps for creating Salary Structure based on Timesheets:

1. Go to Salary Structure List, click on New.
2. Ticked checkbox Salary Slip Based on Timesheet.
3. Select the Salary Component for Timesheet.
4. Enter the Hour Rate. Based on the Rate entered, the amount for Working hours for the selected Salary Component will be calculated accordingly.
5. Save and Submit.

Related Topics

1. Salary Component
2. Salary Structure Assignment
3. Payroll Entry