Compensation overview

How pay works in Plenix: pay bands, compa-ratio, the pay history, future-dated changes, merit cycles and who can see what.

Compensation keeps everyone's pay, the bands it should sit in, and every change to it. Open it from HCM β†’ Compensation in the sidebar. It is part of the HCM module, so it is on the Business and Enterprise plans. Plans and prices have not changed.

What is in it

  • Pay bands β€” a minimum, midpoint and maximum for each role. See Pay bands and compa-ratio.
  • Pay history β€” every pay change with its reason and date, including changes still to come. See Pay changes.
  • Merit cycles β€” managers plan rises for their team within a budget and HR approves them. See Merit cycles.
  • Analytics β€” the pay bill, who is outside their band, pay by department, band and job title, and pay changes by month and reason.

Tabs

TabWho sees itWhat it shows
OverviewEveryoneYour pay, cycles you need to plan, and for HR the headline numbers and the people furthest from their midpoint
My payEveryoneYour pay, your band (if shown to employees) and your pay history
PeopleHR and managersEveryone you can see, with band, compa-ratio and position
Merit cyclesHR, and managers in a cycleCycles with their budget and progress
Bands, Changes, Analytics, SettingsHRSetting up and reporting on pay

Who can see pay

  • HR (people with HCM approver roles, and admins) see everyone's pay.
  • Managers see the pay of everyone below them in the org chart, directly or further down. HR can turn this off in Settings.
  • Employees see only their own pay and history. HR chooses whether they also see their band.
  • In a merit cycle, a manager sees and changes only the people they are planning.

Settings

SettingWhat it does
Managers see their team's payLets managers open the pay of people below them
Show band to employeesShows people their own band under My pay
Require a note outside the guidelineA merit rise outside the guideline range needs a note
Default currencyUsed for new bands and cycles

Automations

Workflow rules can react to pay changes and to merit cycles, for example to notify payroll when a change takes effect.

Was this article helpful?

Compensation overview β€” HR & Payroll | Plenix Cloud Docs