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Refresh Employee compensation

Workforce Administration, Collective processes, Refresh compensation, Refresh Employee Compensation.

Refresh Employee Compensation Process.

This process recalculates compensation based on the current values in the system and automatically populates the correct compensation amount by inserting a new job row (unless there is no change to an employee's compensation). The process replaces manual changes with the new default values.

The refresh employee compensation process executes the same steps as the default pay components button on the compensation page, but you can update several records at once.

1) Inserts a new job row when you click the add new effective Date options with the effective date you entered in the as of date field.
2) Updates the job that is effective as of date you selected in the As of Date field.
3) Updates any future rows (rows are considered to be future if they come into effect after the As of Date ) When you select the update future rows check box.