Using the Remuneration Modelling Tool

Revision as of 02:02, 21 April 2020

Remuneration Modelling Tool

The Remuneration Modelling Tool allows you to update all employee's or select employee's salaries or bonuses quickly and efficiently.

If it is required to give certain employee's an increase in their salary, rather than manually updating each affected employee's salary, you can rather use this tool to select those affected employees and quickly update their salaries or bonuses.

If required you can also set this tool to select employees that do not have a current bonus or salary. This allows you to set a salary or bonus to those who currently do not have one.

The Remuneration Modelling tool can also allow you to filter your employees by department and/or location, so that only employee's working in a selected location(s) or department(s) are affected by the salary update.

The Remuneration Modelling tool also allows you to switch between updating your employee's salary to updating your employee's bonus so that you can choose to apply an update to either an employee's salary or bonus when required.

The Remuneration Modelling tool also allows you to search for an individual employee by name.

Creating a Remuneration Model

1. After logging into the Subscribe-HR HCM Platform, under "TOOLS" select "REMUNERATION MODELLING" from the left navigation.
2. Select the [Add New Record] button.
3. Enter the Remuneration Model Name. Ensure that the name is descriptive.
4. Select Save at the top of the page.

Setting Filters on a Remuneration Model

1. Open an existing or new Remuneration Model.
2. On the right of the page are the filters that can be set on the Remuneration Model.
3. Model Type allows you to set between Salary and Bonus, as well as the option to include employees that do not have a current salary or bonus.
4. Employee Name allows you to filter for a specific employee by name.
5. Departments allows you filter by department(s).
6. Locations allows you to filter by location(s).
7. After the desired filter has been entered select the Set Filter button.
8. Current filters can be checked by moving your cursor over the i icon under Current Filters.
9. If desired, the filter menu can be hidden by selecting the Hide button.
10. If hidden, the filter menu can be shown by select the Show button.

Setting Increase Rates on Employees

1. Open an existing or new Remuneration Model.
2. Enter the new rate into the Remuneration Increase Field. This will be percentage rate if the Model Type filter is set to Salary or Bonus, otherwise it will be set to a currency rate for either Salary or Bonus that include employees with no salary or bonus.
3. Select the Calculate button.
4. To alter individual rates of employees enter the new rate for an employee in the Individual Increase field for that employee.

Applying a Remuneration Model

1. Open an existing Remuneration Model.
2. Select all employees that the new rate will be applied to.
3. Enter a date into the New Salary/Bonus Date. This is the date that the new Salary or Bonus comes into effect for the selected Employees.
4. Select Apply Model at the top of the page.

Save As PDF

1. Open an existing Salary Model.
2. Select Save As PDF at the top of the page.

Save As Excel

1. Open an existing Salary Model.
2. Select Save As Excel at the top of the page.