Changes to Compensation Management for 4.5A 

Description

The Compensation Management component has undergone changes and enhancements in the following areas:

• Customizing

• User interface

• Job Pricing

• Budgeting

• Guidelines

• Administration

Customizing
The Compensation Management IMG has been enlarged and reorganized. For further information, refer to the IMG itself and the Compensation Management IMG release note.

User Interface
To address usability issues, the Compensation Management area menu has been separated into:

• Administration: this contains the administration functions, job pricing and the tools for implementing pay scale changes.

• Budgeting

• Reporting

Job Pricing
This is the process of creating salary structures based on internal and external job evaluation results and salary survey data. This area now provides a tool that can be used to simulate and generate salary structures based on this data.

As part of the job pricing process, the view Pay Grades and Levels has been enhanced to enable you to increase pay grades and the respective levels by either an absolute amount and/or a percentage.

Budgeting
The budgeting component has been enhanced to include the following new features:

• You can now create a budget structure by copying an existing organizational structure.

• You can extend the validity of a budget that has been released.

• The budgeting menu option has been split into Administration and Structure.

• When you copy a budget structure, you can specify the depth of the budget structure.

Guidelines
Guidelines provide calculation defaults and/or restrictions for applying compensation adjustments. The guidelines functionality has been enhanced to allow you to define calculation rules that are based on one, two, or three employee attributes.

This matrix tool replaces the Salary Administration functionality delivered in the 3.X releases.

Administration
This area has been enhanced to include additional selection methods. In release 4.0A, we provided the ability to select employees over the organizational structure. In 4.5A, we have added the capability to select employees using other selection criteria, such as, standard reports, and the HR Adhoc query tool.