Managing Salary Packages
In Marco, a staff member's salary package is recorded as individual pay items, such as Basic Salary, Transport Allowance, and Sales Commission. Each pay item is configured based on:
Country
Item Type
Frequency
Each pay item can contain multiple entries, with details such as:
Pay Amount
Currency
Payment Type (Gross, Net, or Cost to Company)
Effective Date
End Date (if applicable)
Assigning Salary Packages to Staff
When adding a salary package in Marco for the first time, begin by adding the necessary pay items. You can later add new entries to reflect any adjustments to the salary package.
When a salary adjustment is made, the new entry overrides the previous entry from the new effective date onwards. For details on managing adjustments, refer to Salary Adjustments.
Only active pay item entries appear on the staff's Pay Details page. Overridden entries and future-dated entries will not be displayed.
Salary Adjustments
Salary packages can change due to various factors. Adjustments can be managed by following these steps:
Examples
New Pay Item Added
Due to a policy change, all staff will receive a transport allowance starting September 2021.
A new pay item (Transport Allowance) is added with an effective date of 1 September 2021.
On 1 September 2021, affected staff will see Transport Allowance in their Pay Details.
Pay Increase
Staff X receives an annual salary increment at the end of 2023.
A new entry is added to Basic Salary, with the updated amount and an effective date of 1 January 2024.
The previous entry is updated with an end date of 31 December 2023.
On 1 January 2024, Staff X will see the updated salary details in their Pay Details.
Pay Item Removed
Due to budget cuts, the Food Allowance is discontinued after July 2020.
The existing Food Allowance entry is updated with an end date of 31 July 2020.
From 1 August 2020 onwards, affected staff will no longer see the Food Allowance in their Pay Details.
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