VOLT PAY: Employee Benefits

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VOLT PAY is the system to manage:

  • Tax definitions (Reliefs and Tiers)
  • Employment types, their benefits and how to deal with them.
  • Employment/Salary grades.
  • Vacation/Leave types.
  • Allowances/Deductions types.
  • Policies for dealing with delays.
  • How to deal with overtime and additional salary months.
  • How to calculate end of service.
  • Policies for loans to employees.
  • Bonuses and commissions.
  • Saving schemes.
  • Employee personal information.
  • Health insurance
    • Defining one or more insurance schemes.
    • Dealing with one or more insurance company.
    • Defining how to deal with beneficiaries and their dependents.
    • Define employee and company contribution levels.
  • Automatic calculation of tax, social security and all transactions that affect salary.
  • Integration with VOLT ATTENDANCE for.
    • Overtime and Delay calculation.
    • Automatic recognition of weekends and public holidays that are defined in the attendance system when calculating overtime.
  • Integrate with ERP systems.
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