For customers of our Position Management module.
To add or adjust a position’s budgeted base pay and/or variable pay:
By default, only Company Admins can manage budgets for all positions. Company Admins can allow HR Admins, HR Managers, and Limited Admins to view and edit compensation and/or budgeting data for the entire organization or their specified scope. Within headcount plans, compensation and position budget data displayed are visible to all assigned plan participants, regardless of their assigned permissions in Built. Learn more about managing user roles and permissions.
When creating or editing the position, navigate to the Planning tab within the Add/Edit Position window, then locate the Budget section.
To add or edit the position’s budgeted base pay, click the Base Pay dropdown, then select Salary or Hourly.
For Salary, enter the yearly base salary budget.
If you selected Hourly, enter the hourly rate and the number of hours the position will cover per week.
The total will update as you adjust the budgeted base pay and budgeted variable pay.
To add or edit the position’s budgeted variable pay, use the Variable Pay dropdown to select Amount or Percent of Base before entering a value.
You can create variable pay types by locating the Position Budget section, clicking the + Add button, entering the name of the new variable pay type, and then clicking Add. When managing variable pay types from the Position Management page, you can add, edit, or delete your organization’s variable pay types.
Click Save.
You can manage multiple position budgets at once by editing your org chart's datasheet.
Please contact our Customer Success Team for additional assistance.