In each compensation plan you can register the range utilization matrix. Range utilization matrix The range utilization matrix helps you transition employees to get a raise so that they get
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After you run a compensation process you should go through the results and do changes and recommendations where you see fit. When you are done changing you change the status
There are two different compensation plans, fixed and variable. Fixed compensation plans To change the fixed compensation plans, you click on a specific plan and click edit. To change the
When you set up a new compensation you should set “Recommendation” to yes to be able to give recommendations. Enable recommendations When you run the process you can change the
Examples of fixed compensation plans; Base pay raise Merit increase Promotion Demotion Examples of variable compensation plans; Bonus payments Performance awards Stock options Grants One-time awards Continue Reading Malin Donoso
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