Model Position/Step Compensation
This operation is provided to manipulate a large set of data and model changes for all Position Groups and/or Positions.
The calculation used by this operation is:
Source Compensation x Factor % = Target Compensation
Where the Source Compensation is the base amount used for the modelling calculations and the Target Compensation is the destination where the results of the modelling calculation will to be applied TO. The Source and Target cannot be the same.
The Factor is the multiplier to be applied to the Source Compensation type to reach the desired result. 100% will yield a Target amount equal to the Source amount.
Example 1:
If the base compensation amount is $25.00 and the factor is 10% the Target Compensation amount will be $2.50.
Example 2:
If the base compensation amount is $25.00 and the factor is 110% the Target Compensation amount will be $27.50.
Example 3:
Vacation pay is 4% of base wages. Select the Source Compensation as Wages, the Target as Vacation Pay and the Factor as 4%.
Example 4:
Hourly overtime is paid at a rate of 1.5 times base wages. Select the Source Compensation as Wages, the Target as Hourly Overtime and the Factor as 150%.
Procedure
- Go to Salary Plan > Operations
- Open the Model Position / Step Compensation operation in Salary Plan.
The operation properties interface will be displayed.
- Select the Data Set and Year to be modelled from the drop-down lists
.
- Select the Position Group, Position and Source/Target Compensation from the drop-down lists
. - Enter the modelling factor to be used in calculations. Whole numbers or decimals can be used.
Once the modelling data has been entered, click
to execute the modelling operation.
- Use Salary Plan reports and Position Group compensation grids to view and verify results.
Modelling operations can be applied as often as required to achieve the desired results, however results are not reversible.
If an error is made, the user must perform another modeling operation or make manual adjustments to Position Group Steps or Compensation in the Salary Plan module.
