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Employee Gratuity Settlement

Create Gratuity Settlements for Employees During Resignation

Key Highlights

Overview


Employee Gratuity Settlement is a component of Open HRMS suit. This module manages employee settlements. A Gratuity Settlement can be created only if the employee have any running contract .

Employee Gratuity Settlement


  • check Probation period in employee contract.
  • check Manager can create Gratuity Settlements of Employees.
  • check A settlement can be created only if the employee have any running contract.
  • check Manager can create different gratuity Configration.
  • check The Gratuity Amount is calculated based on a predefined equation.
  • check If the wage type is hourly then gratuity payment is calculated as employee basic salary * Employee Daily Wage Days * gratuity configration rule percentage * gratuity calculation years.
  • check If the wage type is monthly then gratuity payment is calculated as employee basic salary * (Working Days/Employee Daily Wage Days) * gratuity configration rule percentage * gratuity calculation years.

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