Use this menu to set up compensation budgets by organization, restrict pay types from the compensation administration budget, maintain increase pools, and prepare forecasts for future changes. Use the Print Increase Pool Report to track your increase pools through the fiscal year. The following functions are available through this menu:
Use this screen to define your compensation budgets by organization and to set up "what-if" revisions. Budgets are maintained by fiscal year; however, you can have an unlimited number of revisions within a fiscal year. You can assign revision numbers to build your "what-if" tables.
This table displays the same information as the Performance Rating Percent tables in the Compensation Grade Administration menu, but allows you to budget based on this criteria. You can use the Import pushbutton to fill this table with the values from the Performance Rating Percent table based on the priority of the tables. If you have data in the Performance Rating Percent by Plan by Grade table, and also in the Performance Rating Percent by Plan table, the data that will be imported will be from the "by Grade" table. If there is no "by Grade" table, the "by Plan" data will be imported. You can then create new values based on the factor you enter by selecting the Recalculate pushbutton. You can create this table whenever applicable.
Use this screen to designate which pay types should not be included in your compensation plan budgets. Maintain pay types in Costpoint Labor. If this table is left empty, the system will assume that all pay types are to be included throughout the Compensation Budgeting menu screens, where applicable.
Use this screen to print detailed information about how actual moneys disbursed compare to a compensation plan's budgeted amount. The program compares the selected fiscal year's YTD employee earnings against the compensation plan's budget for the same fiscal year. The compensation plan budgets are established by fiscal year and revision number in the Compensation Budget by Organization screen. Only employees that are assigned to the selected compensation plan and/or organization in the Salary Info and History table are included in the YTD earnings comparison.
Use this screen to print detailed information about the actual dollars per employee that have been disbursed versus the budgeted amount, and to calculate the remaining pool dollars. These amounts are derived using a pro-rata calculation, based on the run date of the report and the fiscal year.