When an employee is moved from Ineligible to Eligible in a compensation cycle, admins will see a banner to prompting to recalculate budget and guidance for this newly eligible employee. This banner will guide admins to allocate budget based on the rules set during cycle setup with just a few clicks.
Recalculate Budget and Guidance
- First, Change the Eligibility Status of a Participant in an Active Compensation Cycle by moving one or more participants' Status from Ineligible to Eligible.
- A banner will appear at the top of the page. The banner message will depend on the budget allocation method selected during cycle setup:
Set pay increase targets for eligible employees: "Target spend budgets need to be recalculated based on recent changes to employee eligibility."
Allocate budget directly to managers: "Guidance for eligible employees needs to be recalculated based on recent changes to employee eligibility."
- In that banner, click Review and Recalculate. A confirmation popup will display the list of affected users (recommenders or participants, depending on budget allocation method) who will have their associated budgets and/or guidance updated. Lattice will apply the budget rules that were selected during cycle creation to the newly eligible employee(s).
Adjust Company-level Budget
If the new budget allocation has exceeded the top-level company budget, an additional popup banner will appear stating "The company-level total raise budget is currently over budget. Review and adjust it as needed."
- Admins can click the Review button on this banner to be directed to the Budget and Currency page.
- On the Budget and Currency page, the Raise Budget section will show how much your allocated budget exceeds the overall company budget.
- In the Raise Budget section, click Edit Budget.
- Adjust the Total Raise Budget in the popup that appears to account for the newly distributed funds.
- Click Save changes.
- The budget visual will refresh and you should see the yellow banner disappear.