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Length of Service Bonus

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The formula for the calculationf of the Length of Service Bonus can be set in Administration Panel | Settings | Payroll | Length of Service Bonus tab.

Warning

For general information on testing formulas see chapter testing and debugging formulas.

 

WARNING

You can use variables for the length of service (#DDIP#, #DDVP#...) and sex(#SPL#).

 

For Previous Employers

In the For Previous Employers field you can enter the formula to calculate the bonus for past work. Information in this field is for past work before the work in your company. The predefined value is 0,5% per year. The information refers to the field in the Employee files | General | Employment Record.

For this Employer

In the For this Employer field you can enter the formula to calculate the bonus for past work. Information in this field is for past work in your company. The predefined value is 0,5% per year. The information refers to the field in the Employee files | General | Employment Record.

Total –Del02

We enter formula for Total – Del02 entering the results is written in Employee Files | … | Custom Fields in the field Del02 and which is taken into account in the calculation of Length of service bonus in the payroll calculation. In case the field is empty then the information is written in Employee Files | … | Custom Fields in the fields Del08 and Del09.

Account Length of Service on

In the Account Length of Service on section you can define if you would like for the program to use the total length of service in the payroll calculation to calculate the past work on the:

  • First Day in Month - Select this option if you would like for the program to use the length of service on the first day in month for which are creating the payroll;
  • Last Day in Month - Select this option if you would like for the program to use the length of service on the last day in month for which are creating the payroll.

 

Related topics:

  Formula entry for calculating Length of Service Bonus from Previous Employers

  Creating a Formula to Calculate Length of Service Bonus for This Employer

 

 


 

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