Add a bonus to the salary template

To add a Bonus component under the Earnings side with a yearly frequency, follow these steps:

1. Go to Control Panel
   • Access the Control Panel from your dashboard.
2. Navigate to Payroll
   • Select the Payroll option from the menu.
3. Click Salary Template
   • Find and click the Salary Template section.
4. Edit the specific salary template
   • Choose the specific Salary Template you want to edit.
5. Add Bonus under Earning Component
   • Under the Earning Component section, add "Bonus."
6. Set the pay frequency to "Yearly"
   • Set the pay frequency for the Bonus component to "Yearly."
7. Finish the salary template
   • Complete the editing process and save the changes to the Salary Template.
8. Update the salary in the Bonus component from Employee Salary
   • Update the Bonus component with the respective amounts from the Employee Salary.
9. Verify the Bonus component
   • You now see the Bonus reflected annually in the employee's earnings.

By following these steps, you add the Bonus component to the salary template with a yearly frequency.