When the Future Pay Rates are updated, the values on the Min/Mid/Max Salary Increase Setup page are calculated as follows:
-
Minimum Salary (New Value) = Minimum Salary (Current Value) × (1 + Structural % change)
-
Midpoint Salary (New Value) = Midpoint Salary (Current Value) × (1 + Structural % change)
-
Maximum Salary (New Value) = Maximum Salary (Current Value) × (1 + Structural % change)
-
Increase Amount (Current Value) = (Midpoint Salary (Current Value) × % increase) + Flat Increase
-
Increase Amount (New Value) = (Midpoint Salary (New Value) × % increase) + Flat Increase
The Other Changes section (the Percent Increase and Flat Amount Increase fields) applies to both the Current and New salary values.