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.
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Click on Benefits from the sidebar menu.
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Click on Add benefit. Here, you can create custom benefits for your organization.
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Provide the following information:
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The benefit name. This will be displayed on the employee pay slip.
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Select the employees you want to enroll in this benefit.
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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.
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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.
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Click on Next when you enter the required information.
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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.
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Click Finish and your new benefit will be successfully created.