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Merit Payment Plan with 2 Pools percentage

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edited Aug 5, 2021 9:59AM in Compensation 1 comment

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Hi Team,

We have a requirement to create Merit plan where we have 2 Pools.

Pool 1 will be allocated by Top level managers with Fixed Base Merit Increase Percent for eg 1.5% for all the employees and this can be made 0 % or lesser percent based on if they are terminated , they got an increase recently. So managers can overwrite it for certain employees .

Pool 2 which is Additional Merit Increase Percent where maximum percent increase is 3% for eg. so a manager can assign any percent increase upto 3 %.with exception to New Hire employees where it will be calculated based on proration rule.

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