Bonus Type
Bonus Type
Configure bonus products — performance, festival, retention — with calculation rules, tax treatment, and eligibility criteria.
Payroll → Bonus → Bonus Type
In addition to the Allowance-Restricted Bonus, users can create a Bonus Type within the Bonus module and release the bonus for a specific month to the employees
Example
Referral Bonuses: Paid for successful employee referrals.
Holiday or Festive Bonuses: Given during festive periods like holidays or special occasions.
After creating the Bonus Type, it must be associated with the applicable department by navigating to CoreHR → Org Structure → Department Hierarchy.
Fig: Add Bonus Type
Fields Description
How to approve or reject the Bonus
Navigate to the bonus grid and select the employee whose bonus request you wish to update.
Once the employee record is selected, click the "Status Update" button.
In the Status dropdown, select "Approve" to approve the bonus, or "Reject" to reject the bonus.
After selecting the appropriate status (Approve or Reject), submit the action to update the request status.
After the initial approval, the Manager can forward the request to the Finance team by clicking "Forward To" and selecting the appropriate approver for the second-level approval.
The status is updated to Approved after the first-level approval and changed to Complete once the second-level approval is completed. Only after both levels of approval are obtained will the bonus amount be considered for payroll calculation; otherwise, it will remain marked as Pending Approval.
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