Longevity Payments to Employees - is your process automated or manual?
Hi,
We have long-term employees, and we have two scenarios that are very manual at this time for the HR and the payroll department:
- Employees that have reached their grade maximum compensation, due to merit base increases, and now they are due a longevity payment only after their annual evaluation. The HR team calculates the longevity payment manually and sends the information to the payroll department.
- Employees close to their maximum compensation limit that because of a merit-based increase are handled this way: part of the merit will max out their compensation, so a job row for the Merit Max Out is added and the compensation increased to their max amount, while the remaining is paid out on a longevity payment. This is also a manual calculation that the HR team does (calculates the Merit Max Out amount and brings the EE to the max, the remaining amount to be paid for longevity is sent to the payroll department).
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