When onboarding a new hire, one of the key components of the process is determining the compensation package. This includes not only the base salary but also bonuses and allowances. These elements are crucial in shaping the overall contract and ensuring that both you and the employee are clear on the terms from the outset.
During the process of adding a new hire, you'll be asked to set up contractual compensation.
Mandatory Allowances
On the contractual compensation page, you'll find a list of mandatory allowances based on the country’s regulations. If applicable, these allowances will be automatically displayed, and they'll have a checkmark in the Mandatory column. You have the option to increase these allowances should you wish to offer more than the statutory minimum.
Adding Supplementary Allowances
In addition to mandatory allowances, you can also add supplementary compensation to the employee's contract. This includes items such as sign-on bonuses, relocation allowances, or other special benefits as part of the offer of employment. This flexibility allows the employer to customize the compensation package according to the specific role or the employee's circumstances.
To maintain clarity in the employee's compensation structure, only one allowance of each type can be applied at a time.
Adding A Sign-On Bonus
In addition to mandatory allowances, you can offer a sign-on bonus as part of the employee's compensation package.
Reviewing the Contract
Once you submit the details, you’ll be redirected to the employee’s profile, where a draft contract will be generated, reflecting the compensation items selected. At this stage, you can review the contract within the platform to ensure everything is correct. The start date for all allowances will default to the employment start date. The effective end date will default to the contractual end date.
Amending Compensation Items
Until you send the contract for signing, you can edit the additional contractual compensation in the OmniPlatform. On the right-hand side, you'll see the option to add new items. In line with each item, you'll have the option to edit it or delete it (if it's mandatory, the delete button will be greyed out).
