Pay Salaries⭐️
Last updated
English
Last updated
To pay salaries to employees or other regular payments:
1) Click on Pay Salaries on the Manage page in your DAO, then Add New Payroll;
2) Choose a token from the list or specify its smart contract that is available in the DAO's balance and used for payment;
3) Specify the payout Amount and the period for which this amount will be accrued per hour, day, week, month, or year. The "Amount Per Month" will be calculated automatically;
4) Provide the public address of the recipient. The address can be a software, cold, exchange wallet, or a DAO address;
5) Specify the start date of the payouts (Start Payroll Date) and the end date (End Payroll Date). The payout date can be any date, including in the past. For example, if an employee has successfully completed a probationary period and you need to pay their salary. You can also choose the option of no end date (No End Date), which can be disabled on the Pay Salaries page;
6) Click Approve to authorize the Payroll smart contract to interact with the selected token in the DAO;
7) Click Create Payroll to initiate a vote for setting the salary. Once the vote is activated, the employee will receive regular payouts.
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