When you know that an employee is expecting an upcoming pay increase (excluding WIGI or COLA as these pay increases are handled differently by the system) you can enter that information into their employee profile for Beacon to calculate a more accurate projected payroll cost.
How to Add a Projected Pay Increase
Navigate to the Carrer Tab of the Employee's record
If no projected salary increase has been listed for the employee, users with certain access rights can add an expected salary increase by clicking on the Add Projected Increase icon.
From the new window, enter the Start Date for the upcoming compensation event (for example, when will the Quad Review occur)- Enter the expected % pay increase associated with the event and click calculate. This will automatically calculate the new Gross Salary and Base Salary. If you do not know the % increase, you can manually enter the new Gross Salary and Base Salary.
Select a Reason for the projected increase from the drop-down. Selecting a Title 42 code will add the future compensation record to the Title 42 Details report. Furthermore, if you select the Quadrennial Review reason, this will override the Next Quadrennial Review date found on the Title 42 Details report.
Type any relevant notes in the available text field.
- When you have completed the Add/Edit Future Salary form, click on Save Increase to save the increase to the employee's record. If you do not want to save your changes, click Cancel.
