Have you ever faced the challenge of calculating an exiting employee's salary when their last working day falls within a new month? This can complicate payroll, especially if you don’t want them to wait until the end of the month for their final payment.
No worries! Using the Payroll Change feature and selecting Payment in Lieu of Notice will resolve this issue. By opting for payment in lieu of notice, the employee's salary will be processed in the last month they worked, and their statutory deductions will be prorated based on their actual working days. This ensures they receive their final pay promptly and accurately.
Follow the steps below to get started:
Navigate to Payroll from the sidebar menu
Click on Changes from the drop-down menu
On your screen's top right corner, Click on Create Payroll Change
On the page that comes up, fill in the name of the employee, and the change amount.
Include the Reason for this payroll change.
Upload a Supporting document if you have one
Select Payment In Lieu Of Notice as the Change type.
Click on Submit to save.
Once saved, the payroll change will be ready to be reviewed and approved.