Step 1 - Go to the Employee Profile
Log in as an Admin in Asanify and navigate to People Tab from the sidebar menu.
Select the employee for whom you want to revise the salary. This will take you to their employee profile.
Step 2 - Revise Salary
Navigate to Salary tab and click on Revise Salary.
Check the basic statutory compliances and click on Next.
Decide the Change in CTC by:
Using the %increase by providing the increase%, we can get the new CTC based on the current CTC.
Or you can directly enter the Revised CTC.
In Effective From, enter the date from which the revised salary is applicable.
In Payout From, the payroll month in which arrears are supposed to be paid.
Whenever Arrears are applicable, the system will display as message "This is a retrospective revision. So the arrears will be auto-calculated during payroll"
Click on next and make the required modifications.
Click on Next to preview revised salary and click on Confirm once satisfied. You can also choose to preview monthly take home salary by clicking on the button Preview Monthly Take Home.
Step 3 - Run Payroll
Navigate to Run Payroll screen by clicking on Run Payroll under Payroll tab.
Click on Run Payroll. The system will display the payroll calculations for employees.
Click on Payslip Preview to view a breakdown of different components. If arrears are applicable for any employee, they will be displayed as Arrear - Salary Component.
Click on Process Inputs and Review and then on Confirm to process the payroll.
This is how you can revise an employee's salary retrospectively and automate arrear calculations in Asanify.