Example Simple Component Configurations with Grade Progression Rate, User Entered Values, and Fixed Percentages

Here are two examples of how you can configure simple components that provide salary from rates in progression grade ladders.

You can include simple components for people to enter amounts and percentages that also add to the overall salary. And, you can include simple components that are fixed percentages that add to the overall salary or are independent of it.

Example 1

The first example has five simple components that add to an overall salary component.

Component Type Component Percentage Applies To Effect on Overall Salary Default Value Example
Basic salary Grade progression rate NA Add NA 100,000
Housing Fixed percentage NA Add 50% 50,000
Flexible benefit plan User entered amount NA Add NA 60,000
Provident fund Fixed percentage Basic salary Add 12% 7,200
Gratuity User entered percentage Basic salary Add 5% 5,000
Total cash Overall salary NA NA NA 222,200

Example 2

The second example also has five simple components that add to an overall salary component. And, it has a fixed percentage component that's independent of the overall salary.

Component Type Component Percentage Applies To Effect on Overall Salary Default Value Example
Basic salary Grade progression rate NA Add NA 100,000
Housing Fixed percentage NA Add 50% 50,000
Flexible benefit plan User entered amount NA Add NA 60,000
Provident fund Fixed percentage Basic salary Add 12% 7,200
Gratuity User entered percentage Basic salary Add 5% 5,000
Total cash Overall salary NA NA NA 222,200
Variable pay Fixed percentage Basic salary None 20% 44,440