Employee Salary Management - Employee Compensation

Use the Employee Compensation screen to see the context around employee salary history, associated organizational units (OUs), and easily crate, edit, and delete new salary records. Employee Compensation includes added real time calculations for annual equivalency, so administrators can easily adjust custom annual equivalencies for employees with unique pay schedules that sit outside the default set in Wage Types. When creating a new employee compensation record, information that is already known about the employee, such as their Currency, Wage Type, and Annual Equivalency, is retained to save time when creating a new salary amount.

To access the Employee Compensation page, go to Admin > Tools > Compensation Management > Employee salaries. Select the edit icon for a user.

Employee Information

Employee information includes the following information for the employee:

  • Name
  • Position
  • Location
  • Division
  • Manager
  • Last Hire Date

Create

Click Create to open the flyout to create new salary information for an employee. When you complete the fields, click the Create button. The information appears as a row in the Salary/Rate table. The fields on the flyout are the same as the fields in the Salary/Rate table.

Salary/Rate Table

The Salary/Rate table contains the following information for an employee:

  • Effective Date - The effective date for the salary or rate. Each salary or rate entry in the table must have a unique effective date. Entries in this table are sorted by effective date from newest to oldest.
  • Compensation Type - The type of compensation change.
  • Wage Type - Options are Monthly or Hourly.
  • Amount - The user's salary or rate.
  • Currency - The currency of the employee's salary or rate.
  • Annual Equivalency - The equivalent annual and hourly rates. For example, if the rate is Annual, then the table displays the annual rate and the hourly rate based on 2080 labor hours per year. If the rate is Hourly, then the table displays the hourly rate and the annual rate based on the number of labor hours that is specified.

Delete/Edit

  • Click Delete for the salary/rate information you want to remove. When salary/rate information is deleted, the record is:
    • Removed from Employee Compensation

    • Not used for any current or future task

    • Not in custom reports or reporting 2.0

  • Click Edit to open the flyout to make changes to an employee's salary information. Click the Update button to save the changes.

Modification History

This section is only available if enabled via a backend setting. When enabled, this section displays the following information for each modification to the user's salary information:

  • Effective Date - This displays the date on which the modification is effective.
  • Change Date - This displays the date and time at which the modification was made.
  • Field Changed - This displays which field was modified.
  • Changed From - This displays the original value for the field.
  • Changed To - This displays the new value for the field.
  • Changed By - This displays the name of the user or task that made the modification. For example, if the modification was made via a compensation task, then the name of the task is displayed.
  • Update Type - This displays the type of update that was made.