Creating a New Hire Stipend (Company Administrators)

New Hire Stipends should be created when you would like to provide funds to employees when they are hired by the company.

1. Access the Stipend Tab on Compt

2. Click Create a New Hire Stipend

Follow the below steps to Create a New Hire Stipend:

1. Name your stipend
2. Add a description

3. Input the budget that you would like to give, and select the appropriate option for a Default Expiration date. How long after the employee's hire date would you like the funds to expire?

   

   Check Fund Past Hires if you would like all employees with a hire date before your launch date to receive the stipend funds. 

4. Select if you'd like all team members to receive the stipend or the appropriate grouping option in the Group Employee By drop-down. For more detail on this feature, please see our article on setting up eligibility and amount rules for multiple groups.
5. Input the amount you would like to give each team member. 

6. Select the Perk Categories you would like to be eligible for the stipend.

   

7. Click Save Draft

8. When your draft is finalized and ready to launch, click Schedule Launch and select the appropriate date before clicking Confirm Launch button.