A pay structure provides a clear overview of all basic salaries within the organization. It ensures consistency in compensation and helps maintain transparency in how employees are paid.
What is Pay Structure?
The pay structure outlines the basic salary levels for different positions, pay frequencies, and currencies used in the organization. It can also include different salary levels for the same position, depending on experience, skills, or other factors. Having a defined pay structure helps HR manage payroll effectively and ensures fairness across the organization.
How to Create a New Pay Structure in Humanlot
Step 1: Click the + Add button at the top of the page.
Step 2: Fill in the pay structure details, including:
Pay Scale Name
Description (optional)
Pay Frequency (e.g., hourly, daily, weekly, monthly)
Currency in which the salary is paid (e.g., MVR, USD)
Levels (if there are different basic salaries for the same position)
Step 3: Save the pay structure.
Step 4: Once saved, you can assign this basic salary to an employee.
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