Modeling changes to pay rates

Each step and grade salary table has an effective date. By changing the effective date and specifying an update method and value you can model proposed changes to pay rates. For example, you might view the effect of a 1.5% increase in salaries from the start of the financial year, or the effect of increasing all hourly pay by $1.

Click the Home icon.
Select Module Settings and Budgeting > Configuration > Step and Grade Salary Table.
From the standard dimensions select the context in which to create the salary table.
Select a table to edit, and click the Edit icon in the toolbar.
If the required salary table is not listed, click Find Salary Tables to list all salary tables within the context.
Click New Effective Date
Specify this information:

New Effective Date

Select the date on which the change to the salary table takes effect.

Update Method

Select whether the change is a percentage increase or decrease, or a fixed amount increase or decrease.

Percent or Amount

Specify the percentage or amount by which to update the table.

To decrease by an amount or percentage, prefix the value with a minus (-) sign.
Optionally, to revert to an earlier model, click Select Effective Date and select a date.
Click Recalculate to reflect the new effective date in your budget data.

Note: You require to recalculate the selected salary table only once, to reflect all effective dates in your budget data. The effective date must not be valid after the configuration set end date, to be applied in your budget.