Setting Up Pay Types (Fixed Salary, Hourly, and Project-Based)

Managing employee pay types in Staffiqo allows you to structure compensation models tailored to fixed salaries, hourly wages, or project-based rates.

To set up pay types for your team

1. Log in to your Staffiqo portal.
2. In the side navigation menu, navigate to Settings and select Payroll (or Compensation under Employee Profile settings).
3. Click on the Pay Types tab or select + Add Pay Type.
4. Enter the required compensation details for the employee or role:
   • Fixed Salary: Select Fixed / Monthly, enter the base rate amount, and define the standard pay cycle (e.g., Monthly, Semi-Monthly).
   • Hourly Rate: Select Hourly, define the standard hourly rate, and configure standard/overtime work schedules.
   • Project-Based Rate: Select Project-Based / Fixed Fee, set the total fixed fee or milestone-based rate, and link it to the assigned project.
5. Review the assigned compensation details and effective date.
6. Click Save.

Note: Changes to pay types will apply starting from the selected effective date and will automatically update future payroll calculations.