A mobile allowance plan has an amount of $150 per month. The new amount will be $200 for those employees using the plan. Employees using an override amount will keep their current difference.
How will you update the plan target and maintain current differences?
Refer to the following scenario to answer the question below.
An allowance plan has a default value of $100 USD. The plan has three profiles:
$110 CAD - all Toronto employees are eligible
€80 EUR - all Paris employees are eligible
$120 AUD - all Sydney employees are eligible
You want to give employees in Dublin, Ireland €90 EUR in the allowance. How can you ensure that employees in Ireland receive the correct localized amount during hire without affecting the rate for employees hired in the US?
What is the purpose of the compensation element?
What is the advantage of using default compensation for requisition compensation?