After adding Bulk AdditionalPay we received a lot of feedback that a system in which partners could input their tiered/incentivized pay system manually, and then have the system automatically apply the correct pay would be helpful. The Incentive Pay Model is the solution to this issue, giving you the ability to pre-build your incentive pay models and apply them to employees at the employee level! Follow along in this article as we set up an Incentivized pay structure and apply it to our employees!
Building Pay Structure
Incentive Pay structures will be created under the "Incentive Pay Models" tab found under the Company > Additional Pay > Incentive Pay Models Tab > "Manage Incentive Pay Models"
After clicking the above button, a new modal will open allowing you to >
Initially you will just need to give the pay model a name and description For this article we will be using a 3 Tiered Pay structure
Once the initial structure is created you will see the setup Pay Modal in the Incentive Pay Modal Popup allowing you to hit the down arrow, and "Create Tier" to begin setup of the pay structure
When creating Tier's for your pay structure you will create them similar to how you fill out the fields on the standard Additional Pay - For our example our Tierd system will be set up based on the "Total Allowed hours" the employee works and based on how many they work they will receive either a 0$ raise, 3$, or 5$ raise.
Tier 1: 0$ Increase per "Total Allowed hour increase" - Employees in this tier have 0-20.00 total Allowed hours worked in the payroll period
Tier 2: 3$ Increase per "Total Allowed hour increase" - Employees in this tier have 20.01-30.00 Total allowed hours in the payroll period
Tier 3 : 5$ Increase per "Total Allowed hour increase" - Employees in this tier have 30.01+ Total allowed hours in the payroll period
Applying Pay Structure to Employees
Once your pay structures are built following the above steps, you will need to apply the appropriate pay structure to your employees. Similar to PTO policies found under the Employee Profile > Information Tab > Pay & Tax Info > Incentive Pay Model - You can add the appropriate modal to the employee which will tell the system which pay modal to apply once we generate the report!
Creating the Additional Pays
Once the Incentive Pay models are set, and all employees have a structure applied to their employee profile Creating additional pay for your week is as simple as 1 - 2 - 3!
1) Open the Incentive Pay Modal Report - found under the Company > Additional Pay > Incentive Pay Models Tab > "Manage Incentive Pay Models"
2) Select the Date on which the additional pay will be applied, Then select the date range for the payroll period.
3) Doublecheck the pay + tiers are correct and hit submit!