Reviewing Employee Budgets

  To review employee budgets:

1. Select View and then Basic Mode.

2. Expand Budget Preparation and Review entity compensation budgets.

3. Select Review employee budgets.

4. On the POV, select the correct Version, Year, and Scenario

5. From the Page, select the entity for the HR organization, and then click Go.

   The annual compensation expense for each existing, new, and to be hired employee is displayed. The annual total compensation expense for all employees is also displayed.

6. If it is not already expanded, expand Year Total to list employee expenses by quarter. Expand the Quarter headers to list expenses by month.

   Note:

   If you perform changes such as adding new positions to which you assign employees, and do not calculate expenses, these changes are not displayed on the Review Budget data form. Calculate compensation expenses to ensure that all changes are included and updated. In this case, this would include expenses for the new positions, and possible vacancy reductions due to employee assignments.

7. To calculate the compensation expenses associated with individual or types (existing and to be hired, for example) of employees, right-click, and then select Calculate Compensation Expense.

8. To allocate the entire entity compensation budget to General Ledger accounts, see Allocating Compensation Expenses to General Ledger Accounts.