Administer Salary Packaging Overview
The Administer Salary Packaging business process relies on information you define in PeopleSoft Global Payroll and Human Resources to ensure accurate payroll processing and to facilitate package expenditure monitoring. When setting up salary packaging, you can identify the different forms of remuneration and define the components you use in your salary packages. You can also set up the calendars you use to process your salary-packaged employees. Administer Salary Packaging tables enable you to set up components, additional components, package rules, and package templates. You define the components that employees can include in their remuneration packages, as well as the tax liabilities on those components.
You can also define the rules associated with components and then group components into templates. Salary package modelling then enables you to explore different package scenarios by combining any number or type of components to find satisfactory solutions and alternatives for employee salary packages. After you confirm the employee's selected package and run the package enrolment process, the system enrols the rate codes onto the Compensation page of the employee's job record. This step establishes the employee's entitlements for processing through payroll.