Salary Components
A well-structured and transparent salary system can contribute to employee satisfaction, motivation, and retention. Keeping this in mind Valar HR ensures that your salary structure is fair, compliant with laws, and aligned with your organization’s values and objectives.
How To Configure Salary Components
- Salary component configuration is available in the settings tab of payroll module in HRM App.
- One can add different salary components by clicking the add component button present in the settings screen of payroll module.
- On clicking add component a screen pops out on the right corner of the window.
- One can choose different components available from the dropdown.
- Instead you can add different components of your choice by selecting add another component option from the drop down.
- The added salary components would be available in the Compensation module of HRM App where the HR can use the same to define the compensation structure.
- Following are the pictures included illustrating the process of adding “Earnings” under salary component.
How to Edit or delete a Salary Component?
- Salary components can be edited by clicking the edit pencil icon available .
- This opens that particular component’s screen where HR can edit the data and save the same.
- Similarly any salary components can be deleted by clicking the delete icon available.
- The updated salary components would be displayed in the compensation module of HRM.
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