How can admin create FBP policy?

Created by Product Content Team, Modified on Fri, 16 Feb at 1:09 PM by Product Content Team

A flexible benefits plan (FBP) is customizing the salary structure of employees to provide them with the opportunity to maximize tax benefits and choose benefits that suit their individual needs.

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

From the greytHR Admin portal, navigate to Settings icon > System Settings > Payroll > FBP policy. The FBP policy page opens.
Click + Add Policy. The form appears.
In the Policy Name text box, enter the policy name.
From the Effective From dropdown calendar, select the effective date.
Click Save to create the FBP 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.