Configure merit and market adjustments

Use the 14 Budget Labor Rates driver to configure annual merit increases and market adjustments. These increases affect how wage rates are calculated in budget plan files.

Types of labor rate increases

Annual Merit

  • Annual Merit applies standard annual increases based on employee effective dates. If no employee match is found, the system uses the default merit month.

    • IMPORTANT: If the Employee List (Empl_List) contains employee review dates, JobCode and Staffing tabs apply merit increases based on those review dates. Otherwise, merit increases are applied in the first fiscal period.

    Market Adjustments

    Market Adjustments apply additional wage increases in a specified month. Use market adjustments when employees require increases beyond standard annual merit increases. You can define up to two market adjustments and specify the month in which each increase is applied.

    You can configure

    • Market Adjustment 1

    • Market Adjustment 2