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How to implement 13 month salary? so that it is included in Annual Salary but paid only once

in Compensation 5 comments

How to implement 13 month salary? so that it is included in Annual Salary but paid only once.

We want the 13th Month salary to be part of their Annual Salary. But it should not be paid monthly or biweekly to the employees.

It should only be paid once in December.

We have one option to pay as ICP, but it will appear under Additional Compensation and not under Salary section for employees.

Please advise.

Thanks

Rahul

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