Creating new versions with rate updates
- Select Compensation > Set Up > Salary Structures > Salary Structures.
- In the Salary Structures section, highlight the version of the salary structure to copy with a new version date.
- Select Actions > Create New Version From Existing Version And Update Rates.
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Specify the new version date and the percent or flat amount by which
the pay rates are to be increased. Optionally, specify a description. Click OK.
All active iterations are copied with a status of Preliminary. Each amount in the rate matrix is increased by the percentage or flat amount that you specified.Note: Preliminary iterations are not copied.
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Optionally, specify additional modifications for individual
rates.
- To modify the pay rates in a linear format to be displayed one below the other, click the iteration number, modify the applicable rates, and click Save.
- To modify the rates on the matrix, click inside the Status column of the iteration, modify the applicable rates, and click Save.
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To make the new version available, activate the applicable iteration or
iterations, if you have geographic differentials.
Inactivating all iterations of a salary structure or salary structure/geographic differential makes that salary structure or salary structure and geographic differential inactive. You must remove all existing job, positions, and work assignment associations with a salary structure or salary structure and geographic differential to be inactivated before you inactivate all iterations.