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.

</tr>

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.	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.
Start Date	Start Date of the Budget. This is Mandatory
Occupancy End Date	Date when the employee moved from this address.
Address 1	Address the applicant occupies
Address 2	Address the applicant occupies
Suburb	Suburb the applicants address occupies
State	State the applicants address occupies
Post Code	Post Code the applicants address occupies
Country	Country the applicants address occupies
Home Phone	The home phone line for the employee
Home E-mail	A private email address for the employee

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