Approving Compensation Changes

This details the how a designated Approver approves a Budget Owner's proposed compensation changes

Finalize an Employee Adjustment Proposal in Opencomp

When Budget Owners complete their proposed compensation changes, OpenComp routes the recommendation to the designated Approver. This article details the steps that an Approver goes through to Approve a Budget Owner's recommendation.

1. After a Budget Owner completes their proposed compensation changes, OpenComp routes the proposed changes to the Approver, who receives an email notification like the one below.

Approvers receive an email alert

2. The Approver is able to review the overall details of the Budget Owners' recommendations. The overview includes an activity log of changes that the Budget Owner made as well as get a snapshot of the total cash changes. In the example below, the Budget Owner exceed budget b y $21,591.

3. The Cycle overview also provides details on the proposed compensation changes for each employee. OpenComp flags individual employees that are either above or below the recommended range (as is noted in the example below).

Approvers are able to edit recommended compensation changes. To do so, click the Edit button at the bottom of the overview page.

4. The Approver can increase or decrease the recommended compensation change, as is shown in this example. Just as in the Budget Owner process, to modify the compensation, the Approver can either move the dotted green bar or input the new comp change in the appropriate field on the Employee Detail page.

5. After reviewing the proposed compensation changes, the Approver clicks "Finish & approve" button to complete their step in the process. After this point, the Cycle Owner can Finalize and close the Cycle.