Retention bonus is a payment or reward outside of an employee's regular salary that is offered as an incentive to keep a key employee on the job.

StrideERP allows you to configure Retention Bonus for an Employee for a particular period.

1. Prerequisites

Before creating a Retention Bonus, it is advisable to create the following:

• Employee
• Salary Component

2. How to create a Retention Bonus

To access Retention Bonus, go to:

People > Payroll > Retention Bonus

On submit, 'Additional Salary' document of the specified Salary Component is created. This will be fetched while running Payroll Entry.