Approve Salary Reviews

Explanation

Once the Salary Review is Submitted by the Salary Setting Managers, approvers can start with the approval process. Use the “Manage Salary Reviews” or “Salary Reviews to Approve” page to view the salary reviews which are in for the Approvals. Based on the Salary Review Approval Template connected to the Salary Review Plan, the list of Approvers will be generated for each salary setting manager. In the Manage Salary Reviews page these generated approvers can view, how the Increments has been distributed by the Salary Setting Manager for his/her employees and they can Approve or Request changes.

In the “Salary Reviews to Approve” page approver can easily navigate to Salary Review approval pending data without expanding the Organization Tree or selecting companies that are in for the Approvals. In addition to that, budget totals will be displayed in common currencies for the selected Salary Review Group within the review period by converting into the Group Salary Period defined in the Salary Review Group.

An approver can amend employee salary increments at this stage. Any changes to base salary (and dependent compensation types) and independent compensation types can be reset in the Submitted and Change Requested states.

If an Approver request change on the Salary Review, then the status of that organization will be changed from “Approval In Progress” to “Change Requested”. And Salary Setting Manager must do the requested modifications and Submit for Approval the Salary Review and it needs go through the approval process again.

If the Approver decided to approve the salary review, then the status of the organization will be in “Approval In Progress” state and once the last approver is done with the approval, the status will be changed to “Approved”.

Once all the approvals are completed for each salary setting manager, the Salary Review Plan will be updated with the new increment values and it will be in completed state. Since the Review Process is completed and approved, user can update the Employee Files with the new Increment amounts using the Update Salary option.

Note: If the company is not connected with Salary Review Group, budget totals will be displayed in the company accounting currency.

Prerequisites

To perform this activity there should be,

·         A Salary Review which is in Submitted state

·         A Salary Review Plan connected with Salary Review Approval Template

System Effects

Once the Approval process is completed the new salary details can be updated in the Employee File for the employee.

If the SALARY_REVIEW_STATUS_CHANGE event is configured, an email would get triggered when the status of the Salary Review is changed.