PayHero comes with a large number of the most common deductions included, and more can be easily added if required. This can be done through Manage > Pay Items under the Deductions tab, by clicking the icon.
A regular deduction Pay Item allows for amounts to be deducted from each Pay Cycle an employee is included in. An example could be an employee agreeing to pay back a loan taken from their employer over a period of time.
There are several different options for Rate Types which are available across all deduction types:
- Fixed - a set rate each pay.
- Variable - a varying rate each pay.
- Percentage of Earnings - an automatically calculated % of the employee's gross earnings.
- Per Hour Worked - a fixed amount per hour of work, excluding leave hours.
Selecting the Track Balance checkbox (available across all deduction types) allows for the total overall amount deducted to be displayed on the Payslip provided this Pay Item has been added to an employees Default Pay settings.
Third Party Deductions
Third party deductions allow for an amount to be deducted and paid into a third party bank account.
This Pay Item is used for Payroll Giving and enables you to set up a different donation Pay Item for each donee organisation. Additional information on Payroll Giving is available here.