Add Increment

When we provide an increment to an employee or resource, it’s crucial to keep an accurate record for future reference. Utilizing Finoverse can simplify this process by not only maintaining these records but also sending reminders for upcoming increment dates.

Here’s a detailed, step-by-step guide for employers on how to effectively add increments for a resource or employee:

  • Start by logging into the system and heading over to the Resource Management section. You’ll find a navigation menu conveniently located on the left side of your screen. Click on the option marked "Resource" This action will transport you to a dedicated resource management page, where you'll encounter a comprehensive list detailing all your resources, along with relevant information about
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  • On the resource management page, take a moment to carefully review the list of resources displayed. If your organization has a substantial number of resources, it’s advisable to utilize the filter function. This useful feature allows you to narrow your search criteria, enabling you to quickly and easily find the specific resource whose increment details you wish to add.
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  • After pinpointing the correct resource, click on the employee ID link associated with that individual. This will navigate you to the resource’s detailed profile page. Here, you will find comprehensive information about the employee, including their contact details, position, and performance metrics.
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  • Once you reach the resource details page, scroll down until you find the "Increment Details" tab. Clicking on this tab will present you with a complete history of increments that have been awarded to the employee in the past. This overview is essential for understanding their increment patterns and ensuring consistency in future raises.
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  • In the Increment Details tab, you will locate a button labeled "Add Increment". Clicking on this button will open an increment entry form designed to assist you in documenting new increment details. Ensure that you are ready with the necessary information before you proceed.
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  • Within the increment entry form, begin by entering the effective date of the increment. This date is critical as it marks when the increment will begin impacting the employee's salary. Next, input the employee's current position or title, followed by the updated salary amount that reflects the new increment. It is equally important to fill in the “Next Increment Date,” which will serve as a reminder for the next scheduled review or increment assessment.
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By meticulously following these steps, you will ensure an organized and efficient approach to managing employee increments within Finoverse, ultimately contributing to transparent and fair resource management in your organization.