Figures now allows you to create and manage multiple independent budgets within a single Compensation Review. This powerful feature enables more flexible and targeted compensation management, allowing different budgets for different purposes, populations, and access levels.
Quick start guide
Want to see this in action? Follow our interactive walkthrough to create your first multi-budget compensation review.
Creating budgets
Adding a new budget
Navigate to the "Budgets" section in your Compensation Review setup
Click "Add Budget"
Enter a budget name that clearly describes its purpose
Configure the following settings:
Key budget settings
Admin restriction: Choose whether the budget should be restricted to administrators only
Compensation items: Select which compensation elements this budget affects (e.g., base salary, variable pay)
Eligible employees: Define which employees can receive adjustments from this budget
Budget amount: Set the total budget amount
Distribution method: Choose how the budget will be distributed (e.g., proportional allocation)
💡 Tip: Choose clear, descriptive names for your budgets to help reviewers understand their purpose (e.g., "General Increase 2025", "Market Adjustment Fund", "High Performer Budget")
Budget types and use cases
Figures' multi-budget system allows you to create specialized budgets for various compensation purposes. Here are common examples of budget types you might consider:
General increase budget
Defined at company level by HR/Executive Committee
Often linked to company performance or market conditions
Usually applies to most employees
Typically administered centrally with standardized rates
Individual merit budget
Based on individual performance
Usually linked to performance ratings
Managed by direct managers
Allows for differentiation based on contribution
Inflation adjustment budget
Country or region-specific increases
Helps maintain purchasing power
Usually applied as a standard percentage
Gender Pay Gap adjustment budget
Dedicated to addressing pay equity issues
Usually admin-restricted
Based on equity analysis findings
Promotion budget
Specific to employees receiving promotions
Can be managed separately from regular increases
Often has different guidelines than other adjustments
Performance bonus budget
For variable pay/bonus allocation
Usually tied to performance metrics
Can be separate from base salary adjustments
💡 Tip: You can create as many budget types as needed to match your compensation strategy. The key is to clearly define the purpose and eligibility criteria for each budget.
⚠️ Important: Consider your approval workflow and access rights carefully when setting up multiple budgets. Some budgets may require stricter controls or limited visibility.
Reviewing and managing multiple budgets
For managers
Each eligible employee will show separate increase lines per applicable budget
Managers can only modify budgets they have access to
Total compensation changes will reflect the sum of all budget allocations
For administrators
Full visibility across all budgets
Ability to monitor and adjust all allocations
Access to comprehensive budget utilisation reports