Introduction
Welcome to your guide on using the Gratuity Rule feature in Empress! This feature is designed to help businesses simplify the process of calculating gratuity, by creating and applying specific rules based on varying regional regulations.
Introduction to Gratuity Rule
Gratuity Rule is a feature that allows you to establish and apply various rules for calculating gratuity amounts. In essence, it’s a tool that lets you determine how much gratuity should be given to employees based on their salary and years of service, in accordance with the rules set by Central or State authorities.
Accessing Gratuity Rule
To find the Gratuity Rule feature, follow this path on your Empress dashboard:
Home > Payroll > Gratuity Rule
Before You Start
Before creating a Gratuity Rule, you’ll need to have already created the following:
- Employee profiles
- Salary components
Creating a Gratuity Rule
To create a Gratuity Rule, follow these easy steps:
- Navigate to Gratuity Rule and click on New.
- Select the Salary Components that will be used in the gratuity calculation.
- Choose the method for calculating the Gratuity Amount.
- Define your Gratuity Rule.
- Save your settings.
Additional Features
Empress offers additional options to further customize your Gratuity Rule:
Work Experience Calculation Method
Choose from two methods to calculate work experience:
- Round off Work Experience: This method rounds off the total years of service. For example, if an employee has worked for 3 years and 6 months, it would be counted as 4 years.
- Take Exact Completed Year: This method considers only the full years of service.
Gratuity Amount Calculation Options
The way the gratuity amount is calculated can be based on either the Current slab or the Sum of all previous slabs.
Conclusion
The Gratuity Rule feature is a powerful tool in Empress for businesses, simplifying the complex process of calculating gratuity based on various criteria. It offers a user-friendly interface and practical applications that can be utilized in everyday business operations.
For more assistance, explore our additional resources or reach out to our support team. We’re here to help you make the most of Empress.