Overview
PAYE Employment is when a Person Applicant is paid a wage and does not own their own business.
There are three options for PAYG Employment:
Primary Employment – Primary Employment is generally selected for the Person Applicant's Full Time employment. There can only be one Primary Employment for each Person Applicant.
Secondary Employment – Secondary Employment is selected for any Part Time or Casual Employment. There can be multiple entries of Secondary Employment for each Person Applicant.
Previous Employment – Previous Employment is used for any employment previously held. It is entered to create a history of employment for the Applicant.
Step-by-Step Instructions
Step 1
Once you have entered a Person Applicant you may enter the applicant's employment details.
Ensure that you are on the Current Situation tab, Person Applicant menu icon.
Next, click on Employment in the page menu.
Step 2
Select Add Employment.
From here, you are able to select the Employment Type and Employment Status of the applicant.
This example assumes that the borrower's primary employment is PAYE, therefore, click on PAYE and Primary Employment.
Step 3
You are now presented with the data fields required to add PAYE employment information.
Mandatory Fields
All boxes outlined in red are mandatory fields.
Notice the Messages dropdown which contains a list of all mandatory fields which require completion.
Step 4
Loanapp provides you with a list of ANZSCO Occupation Codes when looking up the applicant's Occupation.
You will need to click on that field, and a window will pop-up with a search engine up in the top right hand corner - allowing you to speed up the process of manually searching through for the occupation, by just typing a few relevant words to find the suitable one.
Step 5:
When you have successfully entered PAYE Employment for the first person applicant, messages will be indicated by the number zero to the left and a green "thumbs up" in the Page menu.
Auto-Save
You can safely click anywhere in the application at any time, as your data is automatically saved. Auto-saving takes place to ensure you never lose any information.
Step 6
You may now repeat the same process for as many applicants as you have, in the exact same manner. Don't forget to enter all relevant information until the section has been successfully completed.