Manage Salary Review Plan

A Salary review plan is created using the new salary plan assistant or via the group salary planning process. During this, the HCM professional will enter some global information such as the proposed salary budget for the upcoming period, employees considered for the salary review, a snapshot date to get salary values from the employee files,a common effective date for the increments etc.…

Once the salary plan is generated with above parameters, the HCM professional can then make individual changes to the review plan before it is release for managers. These changes can be for individual employees, group of employees or even for sections of Organization units in the organization structure.

Description of process

Example 1

The Common Increment % is 2% for the entire company, but there is a management decision to allocate a 2.5% budget for the Sales Department.
This can be done using the “Manage Organization Budget” Scenario and its activities. You can change the proposed increment % to 2.5% for the sales department.

Example 2.

There are some key employees the management wishes to retain and expects to provide a higher increment. You can select the respective employee and propose a different increment specifically to these employees, compared to what was originally proposed when the plan was created.

Similarly, several changes can be done to a Generated Salary Review plan before it Is released to the managers for review.
Following Scenarios of Managing Salary Review Plan cover various ways such changes can be handled.