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Adjust Raise Budget in an Active Compensation Cycle

Dianmarie
  • Updated

The Budget page displays dynamic charts to help you track budget and spend for each of the pay types included in your compensation cycle.

The Raise budget shows the entire budget of the cycle. Raise budget is used for merit increases and promotion increases in a compensation cycle, which are applied to base pay and variable pay (if applicable). You can increase or decrease this total amount. 

Before you start

  • The Budget page is based on the budget that was set up initially and does not reflect any actual recommendations that may be coming in.
  • The Budget page includes a Budget distribution chart that shows the budget breakdown by the three existing categories: raise guidance, distributed, and remaining budget.
  • If the distribution ever goes over budget, Lattice will notify you via a callout, however, being over budget will not stop the cycle from running. To prevent going over, adjust your total or distributed budget using the steps below.

Adjust budget in an active cycle

  1. Navigate to Admin > Compensation > Compensation Cycle.
  2. Select View Progress to enter the desired cycle.
  3. Under Manage Cycle, enter the Budget page. 
  4. Expand the Raise budget section.

Raise budget

  1. Next to Raise budget, select Edit budget to bring up the Total budget modal. 
  2. Calculate the overall target budget using an average percent (%)  increase on total pay under Increase/employee for each eligible employee or entering a lump sum amount under Total budget.
  3. Select Save changes.

Merit raise guidance

The Raise guidance budget is calculated as the sum of merit raise guidance for all eligible employees.

  1. Next to Merit raise guidance, select Upload guidance.
  2. Download the Raise Guidance CSV template.
  3. Update the Raise guidance column with updated values.
  4. Upload the updated CSV.
  5. Select Save.

Promotion guidance

The Promotion guidance tracks budget and spend on promotion raise increases.

Note: Adding, deleting, or editing promotions in the Participants page will automatically update the promotion guidance budget based on the promotion raise guidance selected during cycle setup.
  1. Next to Promotion guidance, select Upload guidance.
  2. Download the Raise Guidance CSV template.
  3. Update the Raise guidance column with updated values for promoted employees
  4. Upload the updated CSV.
  5. Select Save.

Distributed budget

The distributed budget shows how much of the post-raise and promoting guidance budget is being distributed to employees directly below the CEO as extra budget on top of the existing raise guidance allocation. You can increase or decrease the amount per leader.

  1. Next to Distributed budget, select Edit. 
  2. Adjust the distribution of your budget to select leaders by entering an amount under Additional. 
  3. Select Save changes.

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