When accepting the Applicant, if they are going to be an internal employee, you have the ability to set the Salary details for your employee agreements and your records.
If you are a small business, you only sub-contract or do not have salaries as part of your contracts, you may simply turn off the salary management section.
Contract Start Date – The date the contract started or will start, only used for agreements shortcodes and your records.
Probation Salary Amount – The salary amount as part of any probationary period in your agreement.
Starting Salary Amount – The starting salary after the probationary period, if any different.
Current Salary Amount – If your Employee has been part of the company for a while, but has just joined up to the system, you can set the current salary. If you have told the system to increase the salary per year for your records, the system will use the current salary as the base for the salary increase to ensure the salary is upto date.
Salary Increase – Choose if this Employees salary is contractually increased every year.
Increase Type – Select from a Percentage (%) increase or a Set increase per year.
Increase Amount – the amount in either a percentage or value the salary will increase each year.
Increase Method – You have the choice of between Simple or Compound. The Increase Method is the way the Increase is calculated, Simple: Adds a percentage of the Starting Salary value each year. Compound: Adds a percentage of the Current Salary and is added on top of the Current total salary rolling each year.