How to Recalculate Costs after a Compensation Change

To recalculate benefits costs for an employee after a compensation change, you must:

1. Expand Employee, expand Payroll, and click Compensation from the menu. 

   

2. Click the Start Date of an existing compensation record and enter the stop date.

   

   

3. Click Create Compensation Rate Record from the Actions drop-down menu.

   

4. Expand Employee, expand Benefits, and click Benefits from the menu.

   

5. Click into the Benefit Range of any compensation based benefit (i.e. Voluntary Employee Life)

   

6. Save through the Benefit as you did in Steps 1-3 of Making Benefit Changes on an Employee Screen.