Employee incentives serve as a means of rewarding and motivating employee performance beyond their regular salary.

When an organization aims to boost productivity among its workforce, one strategy is to provide incentives to employees as a form of recognition. BizCentric HR offers the flexibility to create employee incentives as needed for specific payroll entries.

To access Employee Incentive, go to: > Home > Human Resources > Payroll > Employee Incentive

1. Prerequisites

Before creating an Employee Incentive, it is advisable to create the following:

• Employee
• Salary Component

1. How to create an Employee Incentive

1. Go to Employee Incentive list, click on New.
2. Select the Employee.
3. Enter the Incentive Amount.
4. Select the Payroll Date.
5. Select the Salary Component under which you want to give the incentive.
6. Save and Submit.
7. On submit, the ‘Additional Salary’ document of the specified ‘Salary Component’ is created. This will be fetched while running the Payroll Entry.

2. Related Topics

1. Retention Bonus
2. Additional Salary
3. Salary Component
4. Salary Structure
5. Payroll Entry