Backdated Payment

SmartHCM Retroactive / Back-Dated Payment ensures that your payroll run for the current period reflects any backdated payments and deductions from previous payroll periods.

Managers or supervisors often perform annual reviews of their employees; during this time, they decide whether to give employees a raise. If the salary increase is effective during a prior pay period, the employee is due retroactive pay. You need both the old and new salary numbers to calculate retroactive pay.