You are here: SKB Home » HRMS Payroll » User Manual » One part: November:
Below the different Bonus Types Assume we are calculating the end of year bonus for the year 2008.
One part: November:
Sicorax will calculate 1/12 of the total cumulated emoluments from December 2007 to November 2008. The bonus will then be paid with November payroll.
One part: Mid-December
Sicorax will calculate 1/12 of the total cumulated emoluments from December 2007 to November 2008. The bonus will then be paid before December payroll.
One part: December
Sicorax will calculate 1/12 of the total cumulated emoluments from January 2008 to December 2008. The bonus will then be paid with December payroll.
Two parts: November – December
Sicorax will calculate 1/11 of the total cumulated emoluments from January 2008 to November 2008 for the first part. For the second part, Sicorax will calculate 1/12 of the total cumulated emoluments from January 2008 to December 2008 and will then pay the difference in December 2008.
Two parts: November – January
Sicorax will calculate 1/11 of the total cumulated emoluments from January 2008 to November 2008 for the first part. For the second part, Sicorax will calculate 1/12 of the total cumulated emoluments from January 2008 to December 2008 and will then pay the difference in January 2009.
Two parts: MidDec – December
Sicorax will calculate 1/11 of the total cumulated emoluments from January 2008 to November 2008 for the first part. For the second part, Sicorax will calculate 1/12 of the total cumulated emoluments from January 2008 to December 2008 and will then pay the difference in December 2008.
Two parts: MidDec – January
Sicorax will calculate 1/11 of the total cumulated emoluments from January 2008 to November 2008 for the first part. For the second part, Sicorax will calculate 1/12 of the total cumulated emoluments from January 2008 to December 2008 and will then pay the difference in January 2009.
One part: January
Sicorax will calculate 1/12 of the total cumulated emoluments from January 2008 to December 2008. The bonus will then be paid with January 2009 payroll.