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


    • Related Articles

    • How do I remove a recurring component?

      This feature is available on all PaySpace editions Once Recurring components are linked on employee level, they cannot be deleted on company level. However, they can be made inactive. Payroll Components Step 1: On the applicable Recurring Component, ...

    • How do I add a Once Off component?

      This feature is available on all PaySpace editions A Once Off component refers to a one-time payment or deduction that is added to an employee's payroll. Unlike Recurring components, a Once Off payroll component is a one-time payment or deduction ...

    • Bulk Actions | Component Codes

      Overview Component codes are relevant when selecting the Action Type, Payslips on the Bulk Actions Screen. Regardless of whether you are applying selections on screen or using a MS Excel template, you can either search for a component description, or ...

    • Payroll Processing | Recurring Payroll Components

      A Recurring component refers to a regularly appearing component in an employee's payroll that is a part of the employee's regular compensation package. These components are calculated and included in each pay period, and are an essential part of an ...

    • Can recurring payroll components be attached to employees in bulk?

      This feature is available on all PaySpace editions Yes. Recurring payroll components can be attached to employees via the Bulk Actions screen. Navigate > Bulk Actions