At Multiplier, we use cut-off dates to lock payroll, salary revision, and other employee payments such as bonuses, allowances, pay supplements, and expenses.
Therefore, it is essential to onboard an employee in time & add/approve any payment before the payroll cut-off date to ensure the desired amount is processed & disbursed in the same month's payroll.
Our payroll cut-off date is fixed at the 15th of every month, implying that employees onboarded before the cut-off date will receive their salaries & payments in the same month. On the other hand, employees onboarded after the 15th of a month will receive their salaries & payments in the subsequent month.
Note that you will be notified about the payroll cut-off date when you onboard a new employee on the platform & add the 'Employment Start Date'.
The cut-off date also applies to salary revision and other employee payments such as bonuses, allowances, pay supplements, and expenses.
The above cut-off date only applies to employees who are on a monthly pay cycle. If you have employees who are on a semi-monthly pay cycle, the cut-off date will be:
Last day of the previous month for the 1st pay cycle (1st - 15th)
15th of the current month for the 2nd pay cycle (16th - 31st)
For example, let’s say an employee on a semi-monthly pay cycle is onboarded or other pay components are added after the above-mentioned payroll cut-off date. In that case, the salary and other payments will be disbursed in the subsequent pay cycle.