Budget
From Subscribe-HR Wiki Help
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| + | To see information relating to the Remuneration Modelling Tool: [[Creating-workflow-tasks-in-Subscribe-HR|Remuneration Modelling]] | ||
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Revision as of 00:50, 8 July 2020
Contents
Setting up Budget
Setting up Budget helps track the expenses and who they are allocated to.
Budgets Link to Departments and have Start Date and End Dates. Budgets contain 3 main items. Current Budget Expenditure. Budget Amount. Salary Increase Pool. Bonus Pool. This information is used in Remuneration Modelling to show Increase and Decreases in data inline with Budgets.
Adding Budgets
- After logging into the Subscribe-HR HCM Platform, select "HUMAN RESOURCES" on the left hand side from the navigation area.
- Click on the Budget folder.
- Select the "Create New" button.
- Enter the Start Date for the Budget
- Enter the End Date of the Budget if this Benefit is only offered for a limited period of time.
- Enter the Budget Amount for the Period. This Amount will be compared to the Current Budget Expenditure (All Salaries and Bonuses).
- Salary Increase Pool. This amount would be shown in the Remuneration Modelling Tool and compared with any amounts allocated to Salary Increase.
- Bonus Pool. This amount would be shown in the Remuneration Modelling Tool and compared with any amounts allocated for Bonus Increase.
- Current Budget Expenditure. This amount would be shown, as a Sum of all Salary and Bonus costs for that period. Auto Calculation.
| Field Name | Description |
| Budget Name | Name of the Budget in text |
| Department | Select a single Department which this budget belongs to. Import for the Remuneration Modelling Tool, so it can allocate budget to people who are in the Department. |
| Current Budget Expenditure | Auto calculated field which shows addition of all Salaries and Bonuses for the people in the Department for that period. Also shown in the Remuneration Modelling Tool. |
| Budget Amount | Enter this in based on the Budget for that Department for that period. |
| Performance Pool Amount | Amount Allocated to that Department for Performance based Salary Increase or Bonus |
| Salary Increase Pool Amount | Amount Allocated to that Department for general Salary Increases in that period. |
| Start Date | Period for the Budget for that Department |
| End Dtae | End Date of the Period for the Budget for that Department |
| Attachments | Link Documents |
Fields marked in bold are mandatory and must be filled in before the benefit can be saved
To see information relating to the Remuneration Modelling Tool: Remuneration Modelling
