When you add a new benefit to the PaidHR platform, it will be set up as a payroll deduction and will be automatically deducted from relevant employees' payslips.
Here's how to get started.
Click on Benefits from the sidebar menu.
Click on Add benefit. Here, you can create custom benefits for your organization.
Provide the following information:
The benefit name. This will be displayed on the employee pay slip.
Select the employees you want to enroll in this benefit.
Indicate how you want the employee deduction to be made. It can either be a percentage of the employee's gross earnings or a fixed amount.
Also, choose how your organization's contribution will be made. This too can be a percentage of the employee's gross earnings or a fixed amount.
Click on Next when you enter the required information.
Next, if your employees have other deductions that you want to track alongside the new benefit, enter the totals in the new form shown. Note: If you need to enter the same value for every employee, use the table header to do it all together.
Click Finish and your new benefit will be successfully created.