View source for Setting-up-budgets

{{page.name: Core Human Resources: Setting Up Budgets in Subscribe-HR - Subscribe-HR Wiki}}
{{page.head: Budget}}

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==Setting up Budgets==
Setting up Budget helps track the expenses and who they are allocated to.
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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.    
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===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 <b>Start Date</b> 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.
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<table border="1" width="700px" id="table3" cellspacing="0">
<tr>
<td width="232"><b><font face="Arial" size="2">Field Name</font></b></td>
<td width="458"><b><font face="Arial" size="2">Description</font></b></td>
</tr>
<tr>
<td width="232">Budget Name</td>
				<td width="458">Name of the Budget in text</td>
			</tr>
<tr>
<td width="232">Department</td>
				<td width="458">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.</td></tr>
<tr>
<td width="232">Current Budget Expenditure</td>
				<td width="458">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.</td></tr>
<tr>
<td width="232">Budget Amount</td>
				<td width="458">Enter this in based on the Budget for that Department for that period.</td>
			</tr>
<tr>
<td width="232">Performance Pool Amount</td>
				<td width="458">Amount Allocated to that Department for Performance based Salary Increase or Bonus</td></tr>
<tr>
<td width="232">Salary Increase Pool Amount</td>
				<td width="458">Amount Allocated to that Department for general Salary Increases in that period.</td>
			</tr>
			<tr>
				<td height="23" width="232"><b>Start Date</b></td>
				<td height="23" width="458">Period for the Budget for that Department</td>
			</tr>
			<tr>
				<td width="232">End Dtae</td>
				<td width="458">End Date of the Period for the Budget for that Department</td>
			</tr>
			<tr>
				<td width="232">Attachments</td>
				<td width="458">Link Documents</td>
			</tr>
			</table>
<b>Fields marked in bold are mandatory and must be filled in before the benefit can be saved</b>

To see information relating to the Remuneration Modelling Tool: [[Salary-modelling-tool|Remuneration Modelling]]

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