The Promotions page in the Compensation Review configuration allows you to allocate and manage a specific budget for employee promotions during your compensation review process. This feature helps you track promotion-related expenses separately from general salary increases.
Setting up a promotion budget
Navigate to the "Promotions" section in your campaign setup.
Check the box next to "Promotion budget" to enable this feature.
Enter the amount you want to allocate for promotions in the "Amount" field.
Figures will show an estimate of the total promotion amount based on your current recommendations and selections.
Viewing promotion recommendations
Below the budget setup, you'll find a list of employees with their:
Current job title
Base salary
Promotion recommendation
These recommendations are based on the guidelines you set up earlier in the campaign configuration.
Tracking promotion budget
Once set up, you can track this dedicated promotion budget throughout the entire review process. This allows you to:
Monitor promotion-related expenses separately from general salary increases
Ensure promotion decisions align with your allocated budget