Revise salaries of employees
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During an employee's tenure with your company, you might want to revise their salaries for various reasons. With Multiplier, you can quickly revise employee salaries on the platform:
Login to using your credentials.
From the left sidebar, select Administration > Salary revision.
Select Add from the upper right.
Select the drop-down under Employee and choose the employee whose salary needs to be revised.
Enter the revised salary in the field under Revised Total Annual Salary and the Effective date (the date from when the updated salary takes effect).
You can also update the Job Title if necessary.
Note: After selecting the Effective Date from the calendar, note the following conditions:
a) If the Effective Date is in the current month or backdated:
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.
(Optional) Add any additional pay and select Continue.
Note: If you wish to only add or revise additional pay, refer to Add or revise only the additional pay for an employee.
Once done, the revised compensation details are shared with the employee.
Once the employee accepts and signs, the status will show as completed.
The payroll team will process the revisions. Once the payroll team has processed the revisions, the status shows Completed.
The new salary will be reflected based on the payroll cut-off.
- Salary revisions made before the current month’s payroll will be disbursed along with the same month’s salary.
- Salary revisions made after the current month’s payroll will be disbursed along with the next month’s salary.
Review the addendum by selecting . Once reviewed, select Send to Signatory.