Employee Vibes enables to setup finance policy for Salary, Bonus, Gratuity, Reimbursement, Loan, FFS. We adhere to Statutory Compliance with respect to PF, PT, ESIC, LWF. We handle complete life cycle of employee with respect to Finance.
Employee Vibes facilitate to configure complex salary structure to suit industry standard policy for salary heads, loan, reimbursement, perquisite with their pay frequency. Configure these heads to calculate its value on predefined field in employee finance detail for a group of employee.
Employee Vibes allows to setup policy for loan in terms of Loan Entitlement, Loan Limit, Minimum Installment Amount and also allows to configure workflow and escalation matrix. Calculate EMI on applicable interest & concession rate for loan or advance repayment and effect will come in monthly salary.
Employee Vibes allows to setup policy for claim in terms of Entitlement, Claim Frequency, Payout Frequency for non claim and also allows to configure workflow and escalation matrix for a employee group.
Employee Vibes allows to record salary review with or without arrear initiated by Confirmation Process, Pay Review Process, or Retention Process. Its effect will be taken in Monthly Salary or FFS.
Employee Vibes provision to setup investment heads policy, configure workflow and escalation matrix for each employee group.
Employee Vibes gives provision to calculate monthly salary, attendance provided by Time and Attendance. It also considers Variable Pay, Off Cycle Pay, Leave Encash and Paid Days Arrear. Employee Vibes gather all information, calculate salary on basis of recorded investment, reconcile and Salary closure. These steps are same for FFS Calculation.