You can now generate annualized compensation calculations, either from a cost estimate or from a case!
💡Note: You can calculate line items using your AirInc or Mercer data subscription, or Workia provided Mercer data!
If you use Workia out of the box AirInc data for cost estimates, the numbers will not flow through into a compensation calculation. Message us in the help center for more info.
How do I create a compensation calculation?
To get started, open a case and scroll down just below the cost estimate section. Create an compensation calculation by clicking "Add Compensation Calculation" or "+" .
You can also create a compensation calculation directly from a cost estimate. Open a cost estimate and scroll down below the Cost Estimate chart.
You can choose from 3 different calculation types:
Home Based Calculation
The employee's salary is based on their origin country salary and cost of living costs in the destination country.
Host Based Calculation
The employee is paid according to local market rates in the destination country.
Gross To Net Calculation
Calculates the net take-home pay after country taxes (can be used for both to/from locations).
Locking Compensation Calculations
You can lock compensation calculations to help prevent accidental changes from occurring. To do this, open a cost estimate and click on the Lock button.
💡Note: Once locked, the calculation cannot be recalculated or changed and new FX rates will not affect the calculation. The user can unlock the calculation to change or recalculate the calculation.
Compensation Calculation Recalculations
Each case has a 25-day recalculation window for compensation calculations starting from its creation date or the date of the last renewal.
Once 25 days have passed, the compensation calculation automatically becomes locked. Users can still view the compensation calculation, but cannot make edits.
Upon attempting to edit of recalculate a locked compensation calculation, a prompt will appear asking the user to purchase another 25 days in which a new 25-day recalculation window begins from the renewal date.
Sharing Compensation Calculations
You can share compensation calculations with stakeholders, similar to cost estimate sharing.
Simply choose which email (if any are connected) you want to send it from, select who to send it to, enter an email message, and click Share.
Exporting Compensation Calculations
You can export reports in multiple formats: .xlsx, .pdf, and tax reports!
Compensation Calculation History
To access compensation calculation history, open a compensation calculation entry and click on "..." and select "History".
Deleting a Compensation Calculation
To delete a compensation calculation, simply click on "..." beside an entry and select Delete.
