In WorkPay, Savings are treated as deductions that are made from employees earnings for a period of time. In this case an employee can request for withdrawals on the savings made that far.
To view savings
On the menu, click “Payroll” then select “Payroll Extras” then click on “Savings
To create a saving
For you to create a saving, a deduction category for saving has to be set under settings then Payroll settings. Once that is done:
On the menu, click “Payroll” then select “Payroll Extras” then click on “Savings”
Click “New Saving”
Select Employee or “All” if all employees are contributing towards that saving plan
Select saving Category
Under type, select “Saving”
Enter start date and end date
Enter value
Enter value type which is either amount or percentage of their basic salary
Click Save