Understanding Salary Forecasting
Use Salary Forecasting, a French-specific business process, as an analysis tool or as a forecasting tool. Either analyze the changes in compensation for a group of workers in past periods or simulate how hypothetical events occurring in the future will affect compensation. Because you can see how various events affect your compensation package, this business process is useful for human resources managers or executives wanting to build compensation budgets.
Salary Forecasting is compliant with the rules of the French Analysis Method for compensation variations, called La Masse Salariale. The analysis method that the business process employs enables you to calculate independently the effects of any compensation decisions for a group of workers for a future time period. The reports provided are also in accordance with La Masse Salariale.
The steps for using the Salary Forecasting business process are:
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Set up your data.
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Run the calculations.
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Run and view the reports.