Learn about Redwood and be one of the first to join the conversation

Visit Redwood Community
Is it possible to definite Budget Pool by assignment parameters (i.e. Grade; Position; Job)? — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Is it possible to definite Budget Pool by assignment parameters (i.e. Grade; Position; Job)?

Received Response
16
Views
5
Comments
edited Mar 3, 2021 11:13AM in Compensation 5 comments

Content

Hello experts,

we should implement workforce compensation plan. We need to configure Budget Pool to allocate for each compensation component we are setting up in the plan. Our customer would like to define budget amount by component and grade.

For example:

- Overall budget for Bonus component to distribute to workers having 10 as grade;

- Overall budget for Bonus component to distribute to workers having 11 as grade;

- Overall budget for Bonus component to distribute to workers having 12 as grade;

etc.

Is it possible to achieve it or we can define budget pool by compensation component only?

Thanks in advance for your time!

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!