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How to setup multiple salary structures in BUSY?

escribing a feature in an HR or payroll management software that allows you to set up multiple compensation or pay structures for employees with effective date-based application. This feature is commonly used to accommodate situations where an employee's compensation changes over time or varies based on certain criteria. Here's a more detailed explanation of how this might work:
Step 1 :Log in to your HR or payroll management software.Navigate to the "Employee Master" or "Employee Profile" section.
Step 2:Locate and select the specific employee for whom you want to set up multiple compensation structures.
Step 3 :Within the employee's profile, there should be an option to add or manage compensation structures.You can add multiple compensation structures for the same employee, each with its own effective date.
Step 4 :For each compensation structure, you will define details such as:
Salary or wage amount
Components (e.g., base salary, bonuses, allowances)
Deductions (e.g., taxes, insurance premiums)
Effective date: This is crucial. It indicates when the compensation structure becomes active.
Step 5 :Each compensation structure should have an associated effective date. This date determines when the structure goes into effect.You can set multiple compensation structures with different effective dates to account for salary changes, promotions, or other factors.