PLAN BUDGETS

Summary

Use this subtask to maintain budgets by compensation plan within system-defined categories. If you select the Calculate Merit pushbutton, the system will generate the Merit Increase/Merit Decrease column for you. You must have your Projected Performance Rating Percent table completed in order to use this process.

Identification

This group box displays the organization, fiscal year, and revision number to which this table will apply.

Organization

This non-editable field displays the organization and the organization description for the budget whose record you are viewing. This field is displayed from the main screen.

Fiscal Year

This non-editable field displays the fiscal year for the budget whose record you are viewing. This field is displayed from the main screen.

Revision Number

This non-editable field displays the revision number for the budget whose record you are viewing. This field is displayed from the main screen.

Table Window

Compensation Plan

Select the New Line button on the toolbar and enter, or use Lookup to select, the six-character alphanumeric code for this compensation plan.

Merit Increase/Merit Decrease

Enter the budgeted amount for merit increases/decreases for this compensation plan, or select the Calculate Merit pushbutton to have the system generate this value. If you select the Calculate Merit pushbutton, the system will compute this amount based on employees assigned to this plan, the values in the Projected Performance Rating 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, the system will generate this non-editable column for this compensation plan.

Calculate Merit

Select this pushbutton to generate the value for the Merit Increase/Merit Decrease column for this table, based on the Projected Performance Rating Percent table, employees assigned to this plan, and past history.

Table Information

Changes to this screen update the following tables:

Compensation Budget by Organization - HS_ORG_BUD

                                                          HS_ORG_BUD_BY_CP