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Enable Rate-Level Allocation for Salary Merit in Compensation worksheet

in Compensation 3 comments

Summary:

Title:
Enhancing Salary Merit Allocation in India Compensation Worksheet

Summary:
The current configuration for India in the Compensation module uses rate based salary basis with 4 rates—Base Salary, House Rent Allowance (HRA at 40% of base), Travel Allowance, and Flexi Allowance—along with a Derived Rate that sums these components. The Compensation Worksheet includes three components: Salary Merit (Component 1), Bonus (Component 2), and Stocks (Component 3). The requirement is to allow managers to distribute any increase in the Salary Merit across the four salary components, rather than applying it solely to the base salary. This functionality should include dynamic worksheet columns for each rate to enable transparent and compliant allocation,

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