Compensation and Salary Structure Management

Inicio del flujo de trabajo/proceso.

Retrieve all existing salary bands and grade levels from the Compensation Data Model.

Retrieve current employee compensation data, including base pay, bonuses, and current grade.

Create a new draft entry in the 'Proposed Structures' data model for review.

Calculate the mathematical midpoint and the width of the pay ranges based on min/max values.

Sum the difference between current salaries and proposed salaries to determine total cost increase.

Calculate the percentage increase/decrease of the total budget impact relative to the previous budget.

Create a task for the Finance Department to validate the budget impact against the company's annual budget.

Update the status of the Proposed Salary Structure entry to 'Under Review'.

Create a high-priority task for the HR Director to approve or reject the new structure.

Send an email to the Executive Team with the finalized or rejected salary structure details.

Update the master 'Salary Grades' data model with the newly approved ranges.

Create an entry in the Audit Log to track the history of compensation changes for compliance.

Create a series of tasks for HR Generalists to update individual employee records if the structure change affects specific roles.

Create a formal report summarizing the new structure, the budget impact, and the approval timestamp.

Send an email to the Payroll team to ensure upcoming payroll cycles reflect any necessary adjustments.

Fin del flujo de trabajo/proceso.