Partial payment of bonuses
A bonus is an extra amount of money that is added to a payment, especially to an employee’s wages or salary as a reward. How much to pay and whether to pay in full or in part are things left to the employer's discretion. There are various situations in which an employer may pay a bonus partially. For instance, if an employee does not meet all of the performance metrics that determine their bonus eligibility, the employer may pay a partial bonus based on the level of achievement. In some cases, an employer may choose to pay a partial bonus if the company's financial performance is not as strong as expected or if there are other factors that influence the bonus amount.
How to pay a bonus amount partially
Go to the Payroll (1) menu and click on Run Payroll (2). If you have multiple pay groups configured on the portal, select the pay group (3). Now, go to the Run Payroll (4) section and then click on Bonus, Salary Revisions & Overtime (5).
On the Employees Salary Changes window that opens next, under step 1- Bonus (1), go to Pay Action (2). Click on the drop-down (3) and select Partially Pay (4) from the options.
Then, fill in the amount or the percentage (1) of the money to be paid. Now, decide on what you would like to do with the balance. You can choose between Carry Forward and Void (2). Use the Comment Box (3) for reasoning the action and click Save & Continue (4).
If you partially pay the bonus and void the rest of the amount, it will reduce the employee's defined CTC.
If you have any more queries, please refer to the other FAQ articles or contact us.
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