Let’s assume that you have the salary calculator ready with you. It can be on a spreadsheet or in a table format as shown below:
As per the company policies, the weightage for Basic, HRA, LTA, etc., can differ. Let's consider the weightage as provided below:
Note: If you have a fixed value for any fields, you can declare the placeholder as a formula field. While creating them, against the Mathematical Formula field, enter the value.
Declare all the parameters on the salary calculator as form fields.
Navigate to the Settings > General Configuration > Offer Configuration > Form Fields and create all the form fields as required.
Fill in the required details in the following pop-up.
Use the table below to understand how to declare a form field, decide on its type and associate a formula to it.
*The below table is only for reference and may not be a real-time scenario.
The placeholders can be named however you want. The above names are just for reference. However, it is advised to keep it short and mention if it points to annual or monthly amounts using abbreviations: _y or _m or _annual or _monthly etc.
Note: 1. You will have to enter values for all the fields except for the formula field. 2. The formula type fields will be auto-populated with the final value on the offer letter as per the associated formula.
Learn more: Getting Started with Offer Configuration