Employers can create encashment type. Encashment type explains that system will do encashment on the basis of balance or salary, and will be the percentage and value of encashment. System will make encashments on the basis of encashment type.
To know more about how to create encashment type. Follow these following steps.
- In navbar click policy tab.
- Above step will open new tabs in dropdown. Click settings tab.
- Above step will open new tabs in dropdown. Click encashment types tab.
- Above step will open encashment types index page.
- Click create button to create encashment types.
- Above step will open a popup to create encashment type.
- Enter encashment type name.
- Select encashment form. Salary means system will make encashment on the basis of salary and balance means system will encashment on the basis of quota.
- Select encashment type. Flat means system will make encashment on the basis of flat value. Percentage means system will make encashment on the basis of percentage. As per actual means that system will make encashment on the basis actual.
- If you select encashment type as flat then just enter the value of encashment .
- If you select encashment type as percentage/as per actual then enter percentage with the value of encashment .
- Encashment type will be created and look like.
- Click on edit button will open a popup to edit encashment type.
- Edit process process is same like create process.
- Click on view button will open a popup to view encashment type.
- In view popup employees can just view.
- Click cancel button to close view popup.
- Click on delete button will open a popup to delete encashment type.
- Click yes if you want to delete encashment type and click no if you don't want to delete.