Budgets and employee pay
Set position budgets and manage employee pay.
Labor budget shows what your organization plans to spend on approved positions, including vacant positions. Actual compensation shows the cost calculated from employee pay, assignments, and applicable adjustments. Comparing the two helps you understand how the cost of your staffing relates to the position budget.
These features are part of Workforce Budgeting. Position budget rates and employee pay are entered separately, and your organization controls access to each. A budget change does not change an employee's salary, and calculated compensation is not a record of payroll payments. Start with those two measures, then learn how rates, working time, benefits, and other adjustments produce the result for the dates you select. Use the calculation references when you need to explain a particular amount or check a more complex pay arrangement.
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How it works
- Understand labor budgets
See the budget for your positions and how much belongs to staffed and vacant positions.
- Understand actual compensation
Understand the cost calculated from employee pay, assignments, and adjustments, and find missing information.
Manage position budgets
- Manage labor budget rates
Enter the budget rate for a position or job classification, schedule a later rate, and correct a wrong entry.
- Apply labor budget adjustments
Add benefits, premiums, or other adjustments to position budgets and check the resulting cost.
Manage employee pay
- Manage employee pay
Enter an employee's salary or hourly rate, schedule pay changes, and add an assignment pay exception when needed.
- Correct or stop an employee pay entry
Correct a salary or hourly rate, return to employee pay, unset an unknown amount, or remove a mistaken entry, then check the dated cost.
- Apply and maintain compensation adjustments
Add benefits, premiums, or allowances to employee pay, and correct or end them when needed.
Set up adjustments and pay information
- Set up annual hours and pay grades
Set the hours used to calculate hourly costs and maintain pay grades and salary ranges.
- Set up pay adjustment rules
Create a reusable rule for benefits, a premium, or an allowance, and choose how it is calculated.
Reference and examples
- Understand adjustment calculations
Follow a full-time employee from salary and benefits to a recorded salary increase, then use the reference examples for other adjustment choices.
- Pay types and worked examples
Compare hourly pay, full-time annual salaries, contracted assignment totals, and pay shared across several assignments.
Fix a problem
- Fix a budget or employee pay result
Find missing budget or pay information and work out why a calculated amount differs from what you expected.
Related topics
- Dashboard widgets and measures
Choose dashboard charts and totals for your work, and learn what their numbers mean.
- Labor budget and actual compensation reports
Choose a financial report, follow its calculations, and find missing budget or pay information.