Types of variable allowances available on Multiplier

Allowance Type	Allowance Description
Other Allowance [1], 2, and 3	These represent customizable allowance categories that can be defined and used for various purposes as needed by the organization.
Sales Commission	A variable payment provided to employees based on their sales performance, often calculated as a percentage of the revenue generated.
Variable Performance Bonus 1, 2 and 3	Bonuses paid out based on the achievement of pre-defined performance targets, which can vary in their criteria and frequency.
Holiday Bonus	An additional payment made to employees during or around holidays, often as a gesture of appreciation.
Annual Bonus	A bonus paid to employees on an annual basis, often linked to the company's or the individual's overall performance throughout the year.
Other Bonus 1, 2 and 3	Similar to "Other Allowance," these are flexible bonus categories that can be used for different types of performance-based or discretionary rewards.
Commission	A payment made to employees based on the completion of a specific transaction or the achievement of a particular goal, common in sales roles but can apply elsewhere.

Variable Performance Bonus

As the name suggests, a variable performance bonus refers to a bonus given to the employee for their performance. The frequency and payout month can be set during the onboarding. But the amount is not entered during onboarding as it depends on multiple factors such as the company's performance, the employee's performance, and other macro/micro conditions.

• The variable performance bonus will be added as a pay supplement by Multiplier’s team in the month specified by the employer during onboarding.

• The pay supplement will appear under the ‘Pending’ status in the pay supplement module on the platform.

• Once the pay supplement has been added, an email will be sent to the admin(super/global/admin) asking to input the variable performance bonus amount in the pay supplement by editing it using the ‘pencil’ icon.

• Once the admin fills in the amount, the pay supplement will move to the ‘Processing ’tab with the status ‘Created’.

• The bonus will be processed to the employee in the pay cycle after the admin has added the amount to the pay supplement.

Note

• If the admin doesn't add the amount to the pay supplement before the cut-off date, the bonus will not be processed in the upcoming pay cycle.