Compensation Plan - Budget Summary Graph - Average Merit Increase Display
Organizations may choose to display the average merit increase in a compensation task. This is only available for base components. This functionality is disabled by default.
The average merit increase percentage can be viewed per component and per organizational unit (OU). Organizations can choose to display either the Average Allocation percentage or the Average Increase percentage:
- Average Allocation - This displays the average of all allocation percentages for the component or OU. See Compensation Plan - Budget Summary Graph - Use Case - Average Allocation.
- Average Increase - This displays the average of all budget increase percentages for the component or OU. This is calculated using the overall ratio of allocations to current salary. See Compensation Plan - Budget Summary Graph - Use Case - Average Increase.
The values are displayed using the compensation decimals of precision for percentages.
If automatic lump sum adjustments are enabled for merit increase, then these allocations are included in the Average Allocation and Average Increase calculations.
Only one value can be displayed. If both values are enabled, then only the Average Increase is displayed.