Compensation cycles allow admins to set up, launch, and track the compensation review workflow directly in Lattice. For an Overview of the process, see the following video:
Before you start
Before admins can create a compensation cycle, admins must first:
- Upload employee pay data (base pay, variable pay if applicable, pay effective date, and pay currency)
- Create compensation bands
- Assign each employee to a compensation band
Create a compensation cycle
- Navigate to Admin > Compensation > Compensation Cycles.
- Select Create new cycle.
Compensation cycles require completion of the following steps:
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