Calculation formulae
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What are calculation formulas
Calculation formulas are used to calculate salary increases and bonuses and the overall assessment. The formulas they contain determine the suggestions that are calculated.
- Access to calculation formulas can be restricted by organizational units.
- They consist of a group of up to 6 formulas, 2 of which are used in the overall assessment and 4 for compensation.
- The weighting of the 6 sections of an employee review meeting is also stored in the calculation formula.
- Calculation formulas are part of the agreement in an employee review meeting, and can be periodically assigned to employees for this purpose.
Section weights
Settings for the weights of each section can be configured:
- for the person
- The weights specified for the sections in the person’s record take priority.
- in the assigned calculation formula
- If no values have been entered in the person’s record yet, the values from the assigned calculation formula are used. If no formula has been assigned yet, the solution will look to the main calculation schema to determine the weighting of each section.
Main calculation formula
For the most part, the main calculation formula is just like any other calculation formula. The only thing special about it is that anyone can use this formula. Access to it CANNOT be restricted to specific organizational units. If no calculation formula is assigned at the time of the agreement, then the main calculation formula will be assigned automatically. The exact situation is described here.
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