Budget

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 Benefits

1. After logging into the Subscribe-HR HCM Platform, select "HUMAN RESOURCES" on the left hand side from the navigation area.
2. Click on the Budget folder.
3. Select the Create New button.
4. Enter the Start Date for the Budget
5. Enter the End Date of the Budget if this Benefit is only offered for a limited period of time.
6. Enter the Budget Amount for the Period. This Amount will be compared to the Current Budget Expenditure (All Salaries and Bonuses).
7. Salary Increase Pool. This amount would be shown in the Remuneration Modelling Tool and compared with any amounts allocated to Salary Increase.
8. Bonus Pool. This amount would be shown in the Remuneration Modelling Tool and compared with any amounts allocated for Bonus Increase.
9. Current Budget Expenditure. This amount would be shown, as a Sum of all Salary and Bonus costs for that period. Auto Calculation.

Fields marked in bold are mandatory and must be filled in before the benefit can be saved