Manage Salary: Equity Adjustments and Retention Offers

Tags WyoCloud hcm

This guide will cover:

  • The basic steps needed to make permanent salary changes for employees within your area of supervision.  Salary is an individual’s base pay (not any type of additional or supplemental pay).
  • The Manage Salary feature is utilized to initiate retention (counter) offer or a pre-approved equity adjustment.

This guide details the steps for completing this process using Supervisor/Manager WyoCloud access.

Manage Salary is not used to initiate a merit or market pay adjustment.

 

Note that updating working hours does not change an individual’s salary, only their FTE.  If a salary change is needed in coordination, please be sure to follow the steps to Manage Salary.

Step One

  • Navigate to My Team using the Navigator bar.

  • Select My Team under the My Team header within the navigator.

 

 

Step Two

  • The My Team homepage will display.  Here you will see all employees in your direct line of supervision.

  • Click the Action drop down arrow next to the employee you’d like to make the salary change on. 

  • Click Compensation then Manage Salary.

  • The Manage Salary page will display. Click Propose New Salary on the right side of the page.

  • In the Propose New Salary pop up window, set an effective date for the change.  This effective date should be the start of a future month.
  • Select the Change Salary from the Action drop down. 
  • Select the appropriate reason from the Reason drop down.  In this example we are selecting Classified RetentionAcademic Retention or Equity Adjustment can also be selected based upon the situation.
  • Click Ok.

  • The New Salary section will open.
    • In the Adjustment Amount field, enter an amount to adjust the base salary by. Notice the Salary Amount and Adjustment Percentage fields are automatically updated.
    • Alternatively, enter a percentage amount into the Adjustment Percentage field.
    • The Salary Amount should be updated.

The Salary Amount entered must be divisible by 12.  The system does not automatically do this for you.

 

  • Click Continue in the upper right corner.

 

Step Three

  • Ensure the information is correct under Review Salary.

  • It is required to add a justification for the salary change under Comments.  Relevant attachment(s) should also be added. To add either, use the plus sign (+) in the appropriate area.

  • The full approval workflow can be reviewed by expanding the Approvers section.

  • Click Submit to complete the transaction and begin approval workflow.

 

You have now completed the Manage Salary process.

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Details

Article ID: 69714
Created
Sat 1/5/19 6:12 PM
Modified
Wed 1/16/19 3:04 PM

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