Once you're done setting up your planning tree, it is time to allocate your budget per planner on the same screen. You’ll allocate your different compensation component budgets per each planner in your compensation event.
How to allocate the budget
You will allocate a budget per component type in one of two ways:
Enter the budget amount in the worksheet component field for each planner, or
Calculate in bulk based on a percent increase or award that will apply to all eligible employees
Press the Allocate budget button at the top left of the worksheet table and select a component
Click Calculate by Percentage
Enter the percent increase or award in the % field. This will produce an automatic calculation of the required budget using a bottom-up calculation derived from the Participants’ current base salary.
Note: Treat this as a general budgeting assumption. Planners may still propose higher or lower percent increase or award per employee as they assess Participants’ compensation during the compensation event.
Repeat for all component types
Click on the Next button at the bottom right of the page when you’re done
Great job, you're almost there! Set up the Worksheet alerts next.
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