Custom Cumulative Premiums
Cumulative premium definition
The cumulative premium is specific to the number of hours and the type of employee timesheet. A cumulative premium is based on a cumulative amount. When an employee works more than 'X' hours in a 'Y' period, the hours exceeding 'X' will be awarded. An overtime premium is a good example. This premium can be calculated daily, weekly or monthly.
Cumulative premiums are the sum of the employee's hours worked. The only way to use it without the employee working in another division is to use the concept of "Associated timesheets".
Custom cumulative premiums
The custom cumulative premium is going to be essential in the event that you have planned to compensate your employees with an additional daily cumulative premium as well as an additional weekly cumulative premium.
In fact, the personalized cumulative premium will replace the use of these two premiums in order to prevent the employee from receiving two different premiums (daily + weekly) for the same overtime hours worked.
Example: The employee works 8:00 am on Thursday, then 41 hours in his week in total.
The daily bonus and the weekly bonus will be triggered and the employee will be paid in duplicate for that same overtime hour.
This premium is an option that our support department must activate for you, please send us
a ticket so that we can do the necessary for you.
Create, modify or delete a custom cumulative premium
To access the bonuses menu:
- Click on Pay, then on Manage Premiums, then on Custom Cumulative Premiums.
- To display the premiums that you have already created, click on (to the left of the type of premium concerned) the menu will open.
- If you don't have one, click on to create a premium.
- If you want to modify an existing premium, click on .
- If you want to delete an existing premium, click on . Once deleted, the premium can no longer be recovered.
Set up a custom cumulative premium
- The configuration of the custom cumulative premium is in 2 main sections:
- Configuration of the daily part
- Configuration of the weekly part
- Fill in the fields,
- Then click on Save to save the premium.
Add premium to existing employees
- In the Employee file > Hiring information > Remuneration > Custom cumulative premiums.
- Click on the button ,
- In the drop-down menu select the desired personalized cumulative bonus,
- Click on Choose,
- Click on Save.
Click on the cross of the box where the premium appears to delete it.
Add the custom cumulative premium in batch
You need to set up a premium before you can assign them to your employees.
Once the premium is created:
- Click on Employees,
- Choose Add cumulative premiums,
- Select the employees:
- By enterprises,
- By department or service,
- OR by last name and first name,
- Click on Search,
- Click on and choose the custom cumulative premiums that you want to assign,
- Check the employees concerned. Use to Select All,
- Click on Save.
View the details of the premium calculations in the timesheets
In order to check the details of the bonus calculations in your employees' timesheets, you will need:
- Go to the main menu Timesheets,
- Check and approve the timesheet concerned,
- Click on ,
- The details of the Raw Information for the employee's payroll will appear.
You can also edit a premium report associated with your employees, find out how by clicking here.
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