Rewards and penalties can be issued for various reasons that you set yourself. For instance, a reward for loyal clients, punctuality, outstanding work, etc. Penalties can be applied for tardiness, poor job performance, damaged equipment, etc.
To streamline the process, you can create templates for common rewards and penalties to be easily applied in the future.
Creating rewards and penalties
Go to the Payroll - Bonuses and Penalties section and click either Add a reward or Add a penalty button.
Indicate the Name of the reward or penalty (for instance, for good work, being late, etc.) and Standard amount which can be changed when you issue it. Click the Save button. These templates can be edited or deleted and you can also create new ones.
How to issue a reward or a penalty?
You can issue rewards and penalties when creating payroll sheets. Go to the Payroll - Settlements section and click the Create a payroll sheet button.
In the payroll sheet click the Add a reward and/or Add a penalty button. After that click the Save and send button and rewards and penalties will appear in the list of calculations on the payroll sheet page.
Go to Payroll - Settlements section, select a period and a specific staff member and click the Issue a reward or Issue a penalty button.
- Indicate the creation Date and time of the calculation.
- Payment type will be selected by default but it can be changed.
- Select the Type of reward/penalty.
- Select the Employee for this calculation.
- The Amount of the calculation will be automatically taken from the template, you can change it if necessary.
- Add a Comment.
- Click the Save button.
You can also issue rewards or penalties using priority payment. See the detailed information in the Priority payments article.