Plan Budgets Subtask

Use the Plan Budgets subtask to maintain budgets by compensation plan within system-defined categories.

If you click the Calculate Merit button, then Costpoint generates the Merit Increase/Merit Decrease column. You must have your Manage Projected Performance Ratings screen completed in order to use this process.

Click on the toolbar to add a new budget plan entry. Then click on the toolbar to save all the entered data.

Table Window

Field	Description
Compensation Plan	Enter, or click to select, the code for this compensation plan.
Merit Increase/Merit Decrease	Enter the budgeted amount for merit increases/decreases for this compensation plan, or click the Calculate Merit button to have Costpoint generate this value. If you click the Calculate Merit button, then Costpoint computes this amount based on employees assigned to this plan, the values in the Manage Projected Performance Ratings screen table, and past history obtained from the Salary Info and History table.
Promotions	Enter the budgeted amount for promotions for this compensation plan.
New Hires	Enter the budgeted amount for new hires for this compensation plan.
Overtime	Enter the budgeted amount for overtime for this compensation plan.
Retirement	Enter the budgeted amount for retirements for this compensation plan.
Demotions	Entered the budgeted amount for demotions for this compensation plan.
Terminations	Enter the budgeted amount for terminations for this compensation plan.
Bonuses	Enter the budgeted amount for bonuses for this compensation plan.
Other	Enter the budgeted amount for other changes for this compensation plan.
Total	Using the information you entered in the previous columns, Costpoint generates this column for this compensation plan.
Calculate Merit	Click this button to generate the value for the Merit Increase/Merit Decrease column for this table, based on the Manage Projected Performance Ratings screen, employees assigned to this plan, and past history.