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Prorating the salary adjustment budget

edited Sep 5, 2020 12:17AM in Compensation 3 comments

Summary

Budget summary for managers applies a flat percentage for all employees and does not factor in prorations

Content

I saw a post similar to this, but could not find an answer to my question.  We pro-rate salary adjustments based on an employee's time in the organization during the performance year.  Those employed for less than the full year receive a prorated share of the adjustment % (e.g., with a 3% budget, an employee hired midway during the year would receive a pro-rated share of 1.5%).  We also pro-rate for those employees hired during the 4th quarter of the previous performance year; they are not eligible for an adjustment during their first adjustment cycle.  these folks could be pro-rated

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