Wages, benefits, and additional pay are calculated differently for vacancies than for filled roles.
Wages are calculated for an entire year - the start date and step date are omitted until Scenarios
If a job is tenure-based and within a year, the job would progress through more than one step; those steps are blended to calculate the total wage. Otherwise, it will just assume the wages are for a particular step for the whole FY.
For additional pay and benefits, the system adds the maximum to calculate total compensation.
Since we cannot know which benefits and additional pay options would apply to a newly hired employee filling the vacancy, we assume the maximum values for each available option.
- For example, if there is an hourly rate adjustment additional pay option available to a job that has two different options (option 1: $5.00/hour and option 2: $10.00/hour) the system will assume option 2 for this additional pay. Then all of the available benefits and additional pay are summed up to get the maximum benefit and max additional pay amounts for that job.
- The system then sums the wages, max benefits, and max add pays to get the total compensation for that vacant position.
Scenario Note: Vacancies must be toggled on as "included" in a Scenario before it is included in your total budget. The above bullet points are true before the Vacancy has been included in a Scenario. In the Scenario Tab under Vacancy, you can add a start date to pro-rate wages and any negative adjustments to additional pay or benefits if needed.
For additional information, see our training article: Add Vacant Positions
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