What is meant by generating pay periods in Empxtrack?

[Empxtrack user]

How do I generate pay periods in Empxtrack?

[Sonika]

Generating pay periods refers to the process of defining the time intervals for which employees will be paid. A pay period or pay cycle is a recurring timeframe during which employees' work hours are tracked, and wages or salaries are calculated and disbursed.

To generate pay period for the first time in Empxtrack, follow the steps:

• On the Dashboards Homepage, go to Payroll widget and click Generate pay periods. By default, pay periods are not defined for the selected financial year so you need to define it.
  
• Manage pay periods page appears. Select the financial period and mark it current.
  
• Specify the start date for the Pay Period by using calendar control.
  
• Click generate pay periods.
  
• Click OK on the confirmation message and pay periods are generated successfully. Click Edit if you want to change the pay cycle as per your company rules.