How do I add a recurring component?

How do I add a recurring component?

Alert
This feature is available on all PaySpace editions

A Recurring component is a regularly appearing component in an employee’s payroll, forming part of their standard compensation package. Recurring components are calculated and included in every pay period, making them an essential part of the employee’s overall package.

Recurring components need to be added on company level before they can be added on employee level.

Step 1: Search and add the Recurring component on the Payroll Components screen.

      Navigate > Config > Payroll > Payroll Config > Payroll Components

InfoImportant
When a company is created, a standard set of components will automatically reflect, including legislative components.

Depending on the type of component being searched for when adding a new one, the system will specify whether it is a Recurring component in the "Payslip Actions" column.

      

      

InfoImportant
The system offers components that can be used as both Recurring and Once Off components.

Step 2: Once the required Recurring components have been created, they can be linked to an employee on their Recurring Payroll Components screen or collectively on the Bulk Actions screen.

      Option 1: The Recurring Payroll Components screen - add the required component under the relevant payslip section.

       Navigate > Employee > Payroll Processing > Recurring Payroll Components

      

      Option 2: The Bulk Action screen - This function allows employees to be linked to the specified Recurring component in bulk.

        Navigate > Bulk Actions


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