If a compensation cycle includes participants who are compensated in a currency other than the company cycle currency, admins will need to add the conversion rate during cycle setup. Admins can adjust the currency rate during an active compensation cycle. Learn more in Create a Compensation Cycle: Currency.
Note: Adjusting the conversion rate may have an impact on your budget.
- Navigate to Admin > Compensation > Compensation Cycles.
- Select View Progress to enter the desired cycle.
- Within the Manage tab, enter the Budget and Currency page from the left navigation.
- Click Edit next to the additional currency and update the conversion rate.
- Click Save.
- To confirm, click Confirm changes.