How can admin create FBP?

The flexible benefits plan (FBP) is customizing the salary structure of your employees so that they can avail of the maximum tax benefits.  An FBP plan is revised whenever there is any salary change or company policy change.

To create FBP, the admin must perform the following actions:

1. From the greytHR Admin portal, navigate to Settings icon > System Settings > Payroll > FBP Policy. The FBP Policy page
2. Click the + Add Policy button. A form appears.
3. In the Policy Name text box, enter the new policy name.
4. From the Effective From dropdown calendar, select the required date.
5. Click Save to add a new policy. The policy appears on the FBP Policy page with the status In Progress and icons to edit the header, edit the policy, and delete the policy.

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Related Links:

Video -

• To watch video on Create and release FBP declaration for employees, click here.
• To watch video on Declare FBP on behalf of an employee, click here.

FAQs: To read more FAQs about FBP, click here.

Documentation -

• To learn how to create and release FBP, click here.
• To learn how to declare FBP on behalf of an employee, click here.
• To learn how to create new FBP policy, click here.

Product Update: To read about the product update, click here.