How to Quickly Calculate Different Types of Attendance Bonuses?

How to Quickly Calculate Different Types of Attendance Bonuses?

Chapter catalogue

  1. What is the attendance bonus?
  2. How to calculate the attendance bonus?
  3. The calculation methods for attendance bonuses are different. How to calculate quickly and efficiently?
  4. Workstem – your best payroll assistant

What is the attendance bonus?

The Employment Ordinance of Hong Kong stipulates the attendance bonus, which is a reward  to encourage employees to work diligently. According to Hong Kong’s labor laws, employers can reward employees with additional attendance bonuses based on their performance and work attitude. Attendance awards are usually evaluated based on employees’ work performance, attendance records, work performance and other standards. This kind of bonus can be used as a performance bonus for employees, aiming to encourage employees to work harder and improve work efficiency and quality.

How to calculate the attendance bonus?

The attendance bonus is used by many companies to encourage employees for good attendance. However, different companies may have different ways in how to calculate attendance bonuses. Here are two examples:

Example 1,The attendance bonus is based on the number of days of unpaid leave, unpaid sick leave and the number of lateness and early leave. Attendance bonus issuance rules:

  • If you take unpaid leave, unpaid sick leave or lateness and leave early >= 3 times, the attendance bonus will be 0;
  • Did not take unpaid leave or unpaid sick leave but lateness and early leave= 2 times, the attendance bonus will be  HKD200;
  • If you do not take unpaid leave or unpaid sick leave but lateness and leave early = 1 time, the attendance bonus will be  HKD400;
  • If you do not take unpaid leave or unpaid sick leave and do not have lateness or leave early, the attendance bonus will be  HKD500.

Example 2: attendance bonuses are automatically calculated for each person every month. Attendance bonus issuance rules:

When employee after 90 days of employment and when the following conditions are met, then enjoy attendance bonuses, monthly salary employee per month HKD 500, hourly wage employeeper month HKD1000;

  • There is no [unpaid sick leave] application record for this month’s holidays;
  • There is no [early Leave] status in attendance this month;
  • There is no [absent] status in attendance this month;
  • This month’s attendance [late minutes] shall not exceed 30 minutes.

The calculation methods for attendance bonuses are different. How to calculate quickly and efficiently?

The calculation of attendance bonus is an inevitable salary issue in corporate management. How to efficiently calculate different types of attendance bonus has become a challenge that every HR must face.

Since employees take different days of unpaid leave or unpaid sick leave and the number of lateness and early leave, the formulas, proportions, and ladder settings for calculating attendance bonuses will also be different. Should we still use the traditional Excel table calculation method? Not only does HR need to manually check each labor item one by one for errors, but repeated manual checking actions greatly reduce work efficiency and are often prone to errors.

If you use Workstem to calculate grain, regardless of any work bonus calculation method, you only need to complete the following 2 steps efficient digitization calculation:

  • One-click application/approval, leave records open and transparent

Employees can check their vacation quota and submit vacation application forms at any time through the mobile App; the system immediately notifies the supervisor to check the employee’s information such as leave type/time/reason/approver, etc., follow the preset approval flow and choose to agree/reject the application with one click, leave information is open and transparent.

  • Set the formula for calculating the attendance bonus and automatically calculate it with one click to avoid tedious manual operations.

Based on the actual number of days of unpaid leave or unpaid sick leave and the number of lateness and early leave, set the calculation formula for attendance bonus.

AI engine improves payroll efficiency

Workstem – your best payroll assistant

Workstem All-in-One human resources management system, supports one-click application/approval of leave, open and transparent leave records, customizable attendance bonus calculation method, through the powerful AI salary calculation engine, calculation based on the attendance bonus calculation formula, and automatic comparison of salary data to ensure attendance Bonus calculations follow company policies and standards to help you deliver rewards quickly and efficiently.

Besides,Workstem has a powerful AI grain calculation engine, other salary items can also be calculated quickly, helping you handle employee attendance bonuses, Final Pay, etc., perfectly solving all salary matters.

Read More:

How to Efficiently Handle Payroll with Complex Long Service Payment in Retail?

How to Efficiently Handle Payroll with Complex Transportation Allowance in F&B?

How to Calculate Diverse Bonus Methods for Quick Payroll Processing?

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