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This module allows employees to choose their salary structure that is most beneficial to them. The Compensation Structure can be defined with flexi and non-flexi components, including minimum and maximum allowances in each category. Employees can get a comparison of the selected structure with the old structure.
Key features of the Compensation Structure module are:
- Different type of salary structures can be created and assigned to employees.
- Multiple structures can be defined based on grade.
- Employee can view and edit the flexi components any number of times before the cut-off date.
- System automatically calculates the balancing amount.
- Flexibility in opening up the compensation structure to edit (Monthly Quarterly, Half Yearly & Yearly).
- Detailed reporting to identify the changes in structures and listing those employees that have or have not submitted the compensation structures
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HR Data & Payroll
Our fully hosted HR Data and Payroll solution
Founded in 1989, Payroll Bureau has a wealth of experience and over the past 30+years has established itself as one of the most efficient, reputable & trustworthy payroll companies in the UK. We are now part of the TopSource Group and have access to even more expertise than before. We only use HMRC accredited systems and are a BACS approved bureau.
Our experienced payroll bureau runs large and often complex payrolls on behalf of scores of businesses, some with hundreds of employees. We are now part of the TopSource Group, and we pride ourselves on a personalised and flexible service. When last-minute amendments are required – as they frequently are – our focus is on delivering a fast and accurate response.
With 20 years of experience, Practical Payroll Solutions is one of the UK's leading payroll companies offering a range of managed payroll services for large businesses. We are now part of the TopSource Group and provide flexibility in the way we can deliver your payroll be it - weekly, fortnightly, lunar or monthly. We are a payroll company that works around your needs.
TopSource was founded in December 2003 as a UK company focussed on providing payroll & accounting services to mid-market companies in the UK. Our teams in the UK provide account management & work directly with clients to ensure accurate delivery of our services. We are SSAE16 and ISO 9001 certified and we have also International payroll BSI 25999 Business Continuity Planning.
TopSource global provides international payroll, PEO/EOR services to clients across the globe. We provide these services from one of our three global locations: London and Kent in the UK and Pune in India. We provide our services in all the leading markets around the world including US, Europe, Middle East, China, India and Asia Pacific including Japan, Australia and New Zealand.