Compensation issues

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This topic contains 1 reply, has 2 voices, and was last updated by  Mehedi Hasan 1 week, 3 days ago.

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  • #40067

    Matt Cromwell
    Participant

    Two main needs for the compensation features of the HR module:

    1. Annual Salary Pay Type
    Most full-time employees are paid based on an annual salary, but currently that is not an option in the “Pay Type” dropdown. If there's a simple filter PHP snippet to add that as an option I'd love to use that. Our employees are paid an annual salary and raises are in relation to their annual salary. Naturally they are paid bi-weekly, so I'm using that for now, but for the purposes of the HR module it would be more instructive for us in the “Salary History Reports” to see the Annual Salaries.

    Even in the Github issue where you implemented the Salary Reports, you show a report reflecting Annual Salary:
    https://github.com/wp-erp/wp-erp/issues/30

    2. Support Currency
    It would be helpful to have a global option to set what the company currency is and have that reflected automatically in all compensations.

    Additionally, it seems the reports act strange if a currency is placed in the compensation field — though there is no validation that prevents that from happening. So for consistency it would be helpful to either validate against currencies in the field, or have the currency reflected automatically.

    Of course multiple currencies becomes an issue or concern as well, but a good “MVP” feature would be global currency support.

    Thanks!

  • #40315

    Mehedi Hasan
    Moderator

    Hello @mattimpress-org

    Thanks for letting us know your findings. We really appreciate that 🙂

    However, for the annual salary, we have confusion here. Let me say in details, Suppose, we have an Employee who gets paid 30,000$ in a year. But, we'd like to pay him bi-weekly or weekly. Fine.

    But, a calendar year doesn't complete weeks each time. So, what will happen in those cases? Suppose the year got ended in between the week? Like, 2 days of the week are in the current year and the rest is on the next year? What will be the payment then?

    Same for the leap years. If a year gets an extra day, what will be the payment?

    Surely we can have an option for annual but I'm confused on how to manage the annual salary paying in bi-weekly or hence. I'd love to hear your thoughts in that case.

    Yes, we have the plan to bring the multicurrency in the near future. You'd be glad to hear that, we are working to develop our accounting module in an advanced way than the current one 🙂

    Yes, there should have validation. We'll have a look at this.

    Thanks

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