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[{TableOfContents }]
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Salary Matrices are one means by which pay-for-performance may be achieved in the program.
[Salary Matrices|SALARY MATRICES] are one means by which pay-for-performance may be achieved in the program. Salary Matrices are maintained on the Define Salary Matrices (ISMX) form. In this form, you create guidelines to control how employees’ wages should be increased, based on a combination of their current level of pay and reviewed performance.
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Salary Matrices are maintained on the Define Salary Matrices (ISMX) form. In this form, you create guidelines to control how employees’ wages should be increased, based on a combination of their current level of pay and reviewed performance.
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If there is an excellent employee who is well under the average compa-ratio, the employer may wish to reward that employee at a greater rate than an employee who is above the average compa-ratio and yet performs at less than peak level. This control is achieved through the use of recommended percent increases for each combination of performance and current salary (compa-ratio) – and these recommended increases are defined on this form.
If there is an excellent employee who is well under the average compa-ratio, the employer may wish to reward that employee at a greater rate than an employee who is above the average compa-ratio and yet performs at less than peak level. This control is achieved through the use of recommended percent increases for each combination of performance and current salary (compa-ratio) – and these recommended increases are defined on this form.\\
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Maintain Salary Matrices Usage and Examples
Maintain Salary Matrices data is maintained on the [P2K_SA_MATRICES] and [P2K_SA_MATRIX_DETAILS] tables.
Maintain Salary Matrices data is maintained on the [P2K_SA_SALARY_MATRICES] and [P2K_SA_SALARY_MATRIX_DETAILS] tables.
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;[Matrix|MATRIX_CODE]:This is the name of the matrix that is being created. It is not necessary to include the name of the unit, or the range rule that this matrix is used for, in the matrix name. Matrix_Code is a 16-character alphanumeric mandatory field that is manually entered.
;[Matrix|MATRIX_CODE]:This is the name of the matrix that is being created. It is not necessary to include the name of the unit, or the range rule that this matrix is used for, in the matrix name.
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;[Entity|ENTITY_CODE]:Salary matrices must be associated with an entity. Users may enter the company name, or use the LOV to choose an entity. Entity is a 16-character alphanumeric mandatory field that you must fill with a selection from the LOV. Values for this field are created in the Define Entities (IDEN) form.
;[Entity|ENTITY_CODE]:Salary matrices must be associated with an entity.
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;[Start Date|MATRIX_START_DATE]:Over time, the values of the compa-ratios, and the percentages of wages that apply, may change. This field allows you to define the dates during which the matrix is applicable. Matrix_Start_Date is a mandatory date field that must be entered using DD-MMM-YYYY format.
;[Start Date|MATRIX_START_DATE]:Over time, the values of the compa-ratios, and the percentages of wages that apply, may change. This field allows you to define the dates during which the matrix is applicable.
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;[End Date|MATRIX_END_DATE]:This field shows the date after which the matrix will no longer be valid/applicable. There is no restriction made by the system on how long a matrix may be valid.
Matrix_End_Date is a mandatory date field that must be entered using DD-MMM-YYYY format.
;[End Date|MATRIX_END_DATE]:This field shows the date after which the matrix will no longer be valid/applicable. There is no restriction made by the system on how long a matrix may be valid.
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;[Description|DESCRIPTION]:This field allows you to enter a description of the matrix code created.
Description is a 50-character alphanumeric optional field that may be manually entered.
;[Description|DESCRIPTION]:This field allows you to enter a description of the matrix code created.
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!!Salary Matrix Details Rating/Approval Area
;[Overall Rating|OVERALL_RATING]:This is the rating that is being tracked for this record in the matrix. Overall_Rating is a required, user-defined lexicon (X_OVERALL_RATING), which you may choose from the list of values.
;[Overall Rating|OVERALL_RATING]:This is the rating that is being tracked for this record in the matrix. Overall_Rating is a required, user-defined lexicon ([X_OVERALL_RATING]), which you may choose from the list of values.\\ \\For each matrix code there may be many records based on the number of rating levels being used by the company. After one record is defined, use the Add icon to add a 2nd, 3rd, etc. record. Once more than one record has been saved, use the up/down arrow buttons on the horizontal toolbar to move amongst the records.
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For each matrix code there may be many records based on the number of rating levels being used by the company. After one record is defined, use the Add icon to add a 2nd, 3rd, etc. record. Once more than one record has been saved, use the up/down arrow buttons on the horizontal toolbar to move amongst the records.
;[Low Compa-Ratio|LOW_COMPA_RATIO]:This field shows the lowest level of compa-ratio that is being defined in this record. For each Overall Rating entry record there will be both a low and high compa-ratio.
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;[Low Compa-Ratio|LOW_COMPA_RATIO]:This field shows the lowest level of compa-ratio that is being defined in this record. For each Overall Rating entry record there will be both a low and high compa-ratio. Low_Compa_Ratio is a required, 5-character numeric field that must be manually entered.
;[High Compa-Ratio|HIGH_COMPA_RATIO]:This field holds the applicable high level of compa-ratio being defined in this record. Users will enter multiple records for each Overall Rating entry, and each will have a low and high compa-ratio. \ \\The low and high compa-ratios may not overlap. Please see the example, below.\\ \\Example: Matrix Code: Salary-Clerical, etc.
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;[High Compa-Ratio|HIGH_COMPA_RATIO]:This field holds the applicable high level of compa-ratio being defined in this record. Users will enter multiple records for each Overall Rating entry, and each will have a low and high compa-ratio. High_Compa_Ratio is a required, 5-character numeric field that must be manually entered.
||__Record #__||__Overall Rating__||__Low Compa-Ratio__||__High Compa-Ratio__
|1|Meets Expectations|0.0|0.49
|2|Meets Expectations|0.5|0.79
|3|Meets Expectations|0.8|1.19
|4|Meets Expectations|1.2|9.99
|5|Exceeds Expectations|0.0|0.49
|6|Exceeds Expectations|0.5|0.79
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The low and high compa-ratios may not overlap. Please see the example, below.
Example:
Matrix Code: Salary-Clerical, etc.l
Record # Overall Rating Low Compa-Ratio High Compa-Ratio
1 Meets Expectations 0.0 0.49
2 Meets Expectations 0.5 0.79
3 Meets Expectations 0.8 1.19
4 Meets Expectations 1.2 9.99
5 Exceeds Expectations 0.0 0.49
6 Exceeds Expectations 0.5 0.79
The Percentage Area is used to hold the recommended salary level that should be awarded to employees with various overall ratings and current compa-ratios. For each combination of level/compa-ratio, companies define a recommended percentage and a minimum and maximum point that will control the salary changes that may be made.
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Salary Matrix Details Percentage Area
The Percentage Area field is used to hold the recommended salary level that should be awarded to employees with various overall ratings and current compa-ratios. For each combination of level/compa-ratio, companies define a recommended percentage and a minimum and maximum point that will control the salary changes that may be made.
;[Minimum Percent|MINIMUM_PERCENT]:For each rating/approval record, this field defines the minimum percent (of the range rule applicable) that is allowed for an employee with this approval rating and compa-ratio.
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;[Minimum Percent|MINIMUM_PERCENT]:For each rating/approval record, this field defines the minimum percent (of the range rule applicable) that is allowed for an employee with this approval rating and compa-ratio. Minimum_Percent is an optional, 5-character numeric code that may be manually entered.
;[Maximum Percent|MAXIMUM_PERCENT]:For each rating/approval record, this field defines the maximum percent (of the range rule applicable) that will be allowed for an employee with this approval rating and compa-ratio.
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;[Maximum Percent|MAXIMUM_PERCENT]:For each rating/approval record, this field defines the maximum percent (of the range rule applicable) that will be allowed for an employee with this approval rating and compa-ratio. Maximum_Percent is an optional, 5-character numeric code that may be manually entered.
;[Recommended Percent|RECOMMENDED_PERCENT]:For each rating/approval record, this field defines the company-recommended percentage (of the range rule applicable) that should be awarded to an employee with this approval rating and compa-ratio. This percentage may be used by programs to create a pending personnel action form. Managers would then have the capability of raising or lowering the salary within the recommended minimum and maximum percent ratings, above.
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;[Recommended Percent|RECOMMENDED_PERCENT]:For each rating/approval record, this field defines the company-recommended percentage (of the range rule applicable) that should be awarded to an employee with this approval rating and compa-ratio. This percentage may be used by HHRMePersonality programs to create a pending personnel action form. Managers would then have the capability of raising or lowering the salary within the recommended minimum and maximum percent ratings, above.
Recommended_Percent is an optional, 5-character numeric code that may be manually entered.
;[Compa-Ratio Limit|COMPA_RATIO_LIMIT]:This field allows you to specify the maximum salary range that an employee at this overall rating/compa ratio level is allowed to earn. For example, if an employee is at a high level of salary, the current salary percent increase may take him/her to a salary level (compa-ratio) that is over the company limit. This field is used to maximize the compa-ratio that will result from the percentage increase, and therefore is used to maximize the salary an employee can earn.
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;[Compa-Ratio Limit|COMPO_RATIO_LIMIT]:This field allows you to specify the maximum salary range that an employee at this overall rating/compa ratio level is allowed to earn. For example, if an employee is at a high level of salary, the current salary percent increase may take him/her to a salary level (compa-ratio) that is over the company limit. This field is used to maximize the compa-ratio that will result from the percentage increase, and therefore is used to maximize the salary an employee can earn.
Compa_Ratio_Limit is an optional, 6-character numeric code that may be manually entered.
;[Auto Approval|AUTO_APPROVAL(Field)]:If personnel action forms are to be created as pre-approved for this overall rating/compa ratio level, this flag may be turned on. If left off (blank), personnel action forms resulting from this level will not be automatically approved.
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;[Auto Approval|AUTO_APPLICATION]:If personnel action forms are to be created as pre-approved for this overall rating/compa ratio level, this flag may be turned on. If left off (blank), personnel action forms resulting from this level will not be automatically approved. Auto_Approval is an optional toggle, which you may change manually.
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![Notes|Edit:Internal.ISMX]
[{InsertPage page='Internal.ISMX' default='Click to create a new notes page'}]
This page (revision-16) was last changed on 26-Nov-2021 10:22 by jmyersTop