When your employees evolve and get promoted to higher positions in your company, you may also need to revise their salaries.

With Multiplier, you can quickly revise employee salaries in just three steps.

1. Select the employee whose salary needs to be revised

2. Enter the revised salary, job title & additional compensation (if applicable)

3. Review the details and send the addendum for the signatory’s approval

Continue reading for a step-by-step guide on how to revise salaries on the platform.

There are two ways to revise employee salaries on the Multiplier platform, they are:

1. Team Module

2. Salary Revision Module

To revise an employee’s salary using the ‘Team’ module, follow the below steps:

Step 1: Navigate to 'Team' in the left sidebar.

1.1: Select the employee whose salary needs to be revised from the 'Active' tab.

Step 2: Click on the 'Compensation' tab to view the employee's current position and gross salary.

2.1: Click on ‘Revise Salary’.

Step 3: Enter the new position, salary, and effective date (the date from when the updated salary takes effect).

Note: After selecting the ‘Effective date’ from the calendar, you will receive a notification regarding when the employee’s revised salary will take effect. Note the below conditions:

a) If the ‘Effective date’ is in the current month or backdated:

- Salary revisions made before the current month’s payroll cut-off date will be disbursed along with the same month’s salary.

- Salary revisions made after the current month’s payroll cut-off date will be disbursed along with the next month’s salary.

b) If the ‘Effective date’ is future dated into the next months:

Regardless of when the changes are made in the current month, the revised compensation will be disbursed in the selected month’s salary.

Step 4: To add any additional compensation, click on 'Additional Pay Item' and choose a suitable option from the dropdown.

Note: If you have previously added any additional compensation for the selected employee, that pay item will appear on the screen, and you can edit or delete it as needed. If you do not make changes to the existing additional compensation, it will continue to be in effect along with the revised salary.

4.1: Click on 'Review & Confirm details'.

Step 5: Click on ‘Send to Signatory’ to send the updated compensation addendum to the signatory for approval.

5.1: To download the updated addendum, click on ‘Download’.

5.2: Click on ‘Cancel Revision’ to revoke all changes.

Step 6: The signatory will receive a mail on the revised compensation. After the signatory has signed the addendum, the revised compensation will be updated on the platform.

Note:

- You can increase or decrease an employee’s salary from their current salary.

- In both cases, the revised salary will be sent as an addendum to the signatory, and the employee will be notified via email once the signatory signs the contract.

2. Salary Revision Module:

To revise an employee’s salary using the ‘Salary Revision’ module, follow the below steps:

Step 1: Navigate to 'Salary Revision' under the 'Administration' section in the left sidebar.

Step 2: Click on the 'Add' button and type the relevant employee's name.

Step 3: Under the 'Total Revised Compensation' section, enter the revised salary by editing the current salary. To select the date from when the salary revision should take effect, click on the calendar icon under the ‘Effective date’ field.

Note: After selecting the ‘Effective date’ from the calendar, you will receive a notification regarding when the employee’s revised salary will take effect. Note the below conditions:

a) If the effective date is in the current month or backdated:

- Salary revisions made before the current month’s payroll cut-off date will be disbursed along with the same month’s salary.

- Salary revisions made after the current month’s payroll cut-off date will be disbursed along with the next month’s salary.

b) If the effective date is future dated:

Regardless of when the changes are made in the current month, the revised compensation will be disbursed in the selected month’s salary.

Step 4: Enter the ‘New Job Title’ if applicable.

4.1: To add any additional compensation, click on the 'Additional Pay Item' and choose a suitable option from the dropdown.

Note: If you have previously added any additional compensation for the selected employee, that pay item will appear on the screen, and you can edit or delete it as needed. If you do not make changes to the existing additional compensation, it will continue to be in effect along with the revised salary.

4.2: Click on 'Review & Confirm details'.

Step 5: Click on ‘Send to Signatory’ to send the revised compensation addendum to the signatory for approval.

5.1: Click on the delete icon to revoke all changes.

Step 6: To make edits to the revised salary, click on the edit icon.

Step 7: The signatory will receive a mail on the revised compensation. After the signatory signs the addendum, the revised compensation will be updated on the Multiplier platform.

Note:

- You can increase or decrease an employee’s salary from their current salary.

- In both cases, the revised salary will be sent as an addendum to the signatory, and the employee will be notified via email once the signatory signs the contract.