By pre-configuring frequently used items through basic settings, payment items, and deduction items, you can easily proceed with payroll settlement as the amounts are automatically reflected each time you start a settlement.
Settlement Templates require Payment Items, Deduction Items, and Settlement Settings to be configured first for convenient use.
If you haven't completed the settings yet, please configure them in order using the guides below before setting up payroll payment information.
Creating a Settlement Template
By grouping multiple payment items and deduction items into a single template, you can quickly proceed with the desired settlement using just one template during payroll settlement.
You can create and manage settlement templates in [Payroll Settlement] → [Settlement] → [Settlement Template List].
You can add templates to use with [+ Add Settlement Template] — you can create a new template through 'Create New', or duplicate an existing settlement template through 'Duplicate Existing Settlement Template' to create a new settlement template with a new name!
Basic Settings
Configure the basic settings for the settlement template. You can set Work Record Integration, payment date, target lookup period, and more.
Name: Set the name of the template.
Description: You can leave a description of the template if needed.
Work Hours Input: You can set whether to integrate work records.
flex Integration: Imports member-specific work records logged in flex and reflects overtime hours, etc.
Direct Input: Does not integrate with flex work records. To reflect work-linked allowances such as overtime hours, you must directly enter the hours and amounts during payroll settlement.
Not Used: To reflect overtime hours and allowances, you must directly enter the hours and amounts during payroll settlement.
Payment Date: Set the payroll payment date. (e.g., 25th of current month, last day of current month, 5th of next month, etc.)
Target Lookup Period: You can select the settlement targets during payroll settlement. New hires, departing employees, etc. may vary depending on the period set.
Basic Work Settlement Period: Used when reflecting work records entered in attendance. This period setting is very important if you selected flex integration in Work Hours Input!
Overtime Settlement Period: Used when reflecting work records entered in attendance. This period setting is very important if you selected flex integration in Work Hours Input! Overtime hours are calculated based on this period.
When setting the period, it must be set the same as [Settings]-[Overtime Settings] - [Overtime Compensation Policy] for accurate overtime calculation.
For details, please check the Overtime Compensation Policy in the [Overtime Settings] guide.
Mid-term Settlement: Creates a mid-term settlement button so you can perform mid-term settlement through this template. Turn it on if you want to use the template for both payroll settlement and mid-term settlement.
Payment Target: Can be set to all members, filtered members, or selected members, and reflects settlement targets by looking up those members. Usually set to all members.
Pay Stub Message: This is a message that appears at the bottom of pay stubs and is a space for inserting a message that is commonly reflected for all members who have completed settlement. Please write any additional content needed to fit the company's payroll policy. Common formulas applied to all payroll recipients and thank-you greetings are often used.
Payment Items
You can set whether to use in settlements the items added in the Payment Items Guide.
Click [Add Payment Item] in the upper right to add the items added in Payment Items.
If an item is not used in this settlement, please toggle it OFF or exclude the item.
Deduction Items
Set the Deduction Items to use in the settlement template. Configure Withholding Tax (income tax, etc.), Social Insurance (Four Major Social Insurances - National Pension, Health Insurance, Employment Insurance) and add deduction items created in the Deduction Items Guide to complete the template.
Where can I change the calculation settings for National Pension, Health Insurance, and Employment Insurance?
Where can I change the calculation settings for National Pension, Health Insurance, and Employment Insurance?
Go to [Payroll Settlement] → [Settlement] → [Settlement Template List], click the payroll template to use for payroll settlement, then navigate to the [Deduction Items] tab.
Click the National Pension, Health Insurance, and Employment Insurance buttons to change the calculation method settings to match your company's payroll settlement.
National Pension: Select one of 'Enter monthly NHIS notice amount' or 'Apply Standard Monthly Income' to apply or change.
Health Insurance: Select one of 'Standard Monthly Income', 'Enter monthly NHIS notice amount', or 'Apply Insurance Premium Rate' to apply or change.
Employment Insurance: Select one of 'Standard Monthly Income', 'Enter monthly NHIS notice amount', or 'Apply Insurance Premium Rate' to apply or change.
Can I change the withholding method?
Can I change the withholding method?
Yes, it can be changed.
Payroll settlement creation > Select target > In the Payroll Info tab, click the 'pencil' icon, then modify and apply the withholding method.
