Alternative Approaches to Replacing Salary Range Minimum, PIR, and Quartile?

Summary:

We have a requirement to replace the current Salary Range Minimum, Position in Range (PIR), and Quartile values with new calculations because the existing Salary Range Minimum contains regulatory minimums for certain grades and does not always represent the true market-based minimum salary. We're trying to understand the overall scope of impact and whether there are alternative approaches that would meet the business requirement with less downstream impact.

Content (please ensure you mask any confidential information):

Hi everyone,

I'm looking for some feedback from others who may have dealt with a similar situation in Oracle Cloud HCM. We have a requirement where the current Salary Range Minimum contains regulatory minimums for certain grades, so the business wants to introduce a different salary minimum value and use it to recalculate Position in Range (PIR) and Quartile. The intent is to replace the existing Salary Range Minimum, PIR, and Quartile values wherever they are currently used.