What is resettlement & how can admin process resettlement?

During Full & Final Settlement, there are chances of errors being committed. These errors may be brought to your notice by the concerned ex-employee or you may discover them yourself. 

In such cases, the Full & Final Settlement amount has to be recalculated. This page displays the list of employees for whom Full & Final Settlement is done and you can select those needing resettlement. 

You can view the details, which are non-editable. The actual recalculation is done from the Salary page. 

To  process resettlement, the admin must perform the following actions:

1. From the greytHR Admin portal, navigate to Payroll > Payroll Inputs > Resettlement. The Resettlement page appears.
2. Click the Resettle Employee button and enter the required details.
   Note: The resettlement can be any month such as September for settlements done in August. You can view the Final Settlement Payslip from this page. The actual resettlement is done from the Salary page. 
3. Click Save. A success message displays.
   Note: You can upload resettlement details of multiple employees at once using Excel Importer. Navigate to Employee > Admin > Excel Import and in the Importer Type field, type and search for resettlement. Select the Resettlement Importer from the drop-down and click Import from Excel.

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Related Links:

Video- To watch the video on Separation, click here.

FAQs- To read more FAQs about Adding Separation details, click here.

Documentation- To learn more about the Resettlement page, click here. 

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