Creating and Managing Stipend Policies as an Admin

Creating and Managing Stipend Policies as an Admin

As an admin, you can create and manage any stipend policy your company offers to employees. You can also edit, deactivate, or activate any policy at any time to ensure it stays relevant to your organization’s needs.

Accessing Stipend Policies

  1. Log in to your Hyper dashboard.
  2. Click Stipends from the left navigation menu.
  3. Click Create New Stipend at the top right of the page.
Accessing Stipend Policies as an Admin

Creating a New Stipend

When creating a new stipend, you have two options:
Option 1: Build Your Own Stipend from Scratch
  1. Click Build Your Own Stipend.
  2. Enter the stipend name.
  3. Select a category (e.g., wellness, food, travel, commute, etc.).
  4. Add a description.
  5. Select eligible user groups (leave blank to apply to all employees).
  6. Click Select Type and Frequency and choose: One-time / Daily / Weekly, etc.
  7. Enter the stipend value.
  8. Select a start date. Optionally, enter an expiration date (leave blank for no expiry until such time as you deactivate it).
  9. Choose whether the stipend is forwardable — unused amounts carry over to the next cycle.
  10. Select eligible days — all days of the week or specific days.
  11. Click Next (bottom right of the page).
  12. The Stipend Rules page will open where you will see two tabs:
    1. Expense Guidelines – Define what can be purchased, spending limits, and documentation requirements.
    2. Approvals – Define criteria for automatic approval
  13. Enter the required values for each tab and click Save Policy to create the policy.
Option 2: Use a Stipend Template
  1. Click Use One of Our Stipend Templates.
  2. Select a template from the list.
  3. Either use it as is or edit it to meet your company’s requirements.
  4. Save your stipend policy.
Creating a Stipend as an Admin

Managing Existing Stipends

From the Stipends dashboard, you can:
  1. Edit an existing stipend policy.
  2. Deactivate a stipend (remove availability without deleting it).
  3. Activate a previously deactivated stipend.
In the Stipends dashboard, click on Organization tab at the top and you will see all the stipend policies that your company has (active and inactive). Click on the stipend you wish to edit and proceed with next steps.

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