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 Cycle.
- Select View Progress to enter the desired cycle.
- Under Manage Cycle, enter the Budget & Currency page.
- Click Edit next to the additional currency and update the conversion rate.
- Click Save.
- To confirm, click Confirm changes.