Navigating the form

Expired

Select this check box to filter by fixed compensation plans that are expired.

Active

Select this check box to filter by fixed compensation plans that are active.

Future

Select this check box to filter by fixed compensation plans that are to be activated in the future.

Overview

View a list of changes to an employee's base pay.

General

View details on the selected payment information.

Dimension

Dimensions associated with the current employee.

Change compensation

Edit information on the employee's compensation plan.

Action

The action performed on this plan.

When you make changes to an employee's compensation plan, for example, in case of a promotion, you state the action.

Plan

The fixed compensation plan.

Position

The position of the employee.

Pay rate

The pay rate of the employee, based on the pay frequency stated in the fixed compensation plan.

Pay frequency

Pay frequency derived from the compensation plan.

Currency

Currency derived from the compensation plan.

From date/time

and

To date/time

When you enroll an employee in a fixed compensation plan for the first time, such as when hiring a new employee, the From date/timeand To date/timefields use the effective dates from the selected position.

This is the same for promotions. However, to enter a merit increase, you must manually enter effective dates.

Amount

If the employee is enrolled in only one fixed compensation plan, the amount corresponds to the employee's pay rate. If the employee is enrolled in more than one plan, this is the accumulated amount. The amount is shown in the company currency which might be different from the currency of the fixed compensation plan.

Status

The status of the current action entry.

Type

Indicates if the plan is of the type Band, Step, or Grade.

Increase amount

Increase amount achieved through a merit increase.

Increase percent

Increase percentage achieved through a merit increase.

Ranges

Pay range at the level in the compensation structure that applies to the current job.

Increase

Pay increase accumulated by the plans that the employee is enrolled in. The pay increase is stated in company currency.

Percent

Pay increase percentage accumulated by the plans that the employee is enrolled in.

Annual equivalent

The pay rate expressed as an annual amount.

Monthly equivalent

The pay rate expressed as a monthly amount.

Hourly equivalent

The pay rate expressed as an hourly amount.

Compa-ratio

View the fixed pay rate divided by the control point. Used for graded compensation plans only.

Range utilization

Percentage that shows the employee's current wage level, compared to the levels set up in the compensation plan.

Tip
The range utilization is calculated as follows: Current pay rate - minimum range in level for the plan / Maximum range in level for the plan - minimum range in level for the plan * 100

Process type

View the process event type that created this record.