Update Future Pay Rates for Min/Mid/Max Calculations
The Min/Mid/Max (also called MMM) feature is a salary increase calculation system that uses pay family/grade structures to determine projected salary increases based on minimum, midpoint, and maximum salary ranges.
The feature calculates salary increases for employees based on their position within a defined salary range:
Salary Point | Description |
|---|---|
Minimum (Min) | The lowest salary for a pay family/grade combination. |
Midpoint (Mid) | The target salary for the pay family/grade - typically where employees should be paid. |
Maximum (Max) | The highest salary allowed for the pay family/grade. |
There are two Min/Mid/Max calculation methods:
Comparison of Methods
The following table compares the Salary Increase and Percent Increase methods.
Aspect | Salary Increase Method | Percent Increase Method |
|---|---|---|
Granularity | Per pay family/grade | Global percentages |
Flexibility | Define specific increases per grade | The same percentage applies to all |
Input | Flat amount + Percent + Structural changes | Midpoint and Maximum percentages only |
Best For | Different increases by job classification | Uniform percentage increases |
Reports | Salary Report, TEA Report | Salary Report, Distribution Report |