Final approving a compensation review
Final approvers are the final step in the compensation review cycle. While the compensation review cycle is in progress, you don’t have access to reviews and approvals until the deadline when all reviews are due.
Once you reach that key date in the timeline, you have the ability to join the compensation review and review all submitted compensation proposals.
As a final approver, you can review:
- The results of the total overall budget allocation using the Budget overview and Raise percentage charts and make adjustments as necessary.
- Employee exceptions to the established compensation guidelines to ensure compensation is being distributed equitably and transparently.
- Comments included with all submitted proposals to see the collaborative process of your reviewers and approvers and how decisions were made.
After you’re done with your final review, the compensation review owner can conclude the compensation review.
To review proposals submitted to you throughout the compensation review cycle:
- Select the Final approvals tab in the compensation review.
- All proposals submitted to you display in a list underneath the Budget overview.
- Proposals display in a collapsed state by default.
- The name of the reviewer associated with the proposal displays as a heading for each proposal.
- The status of the proposal displays on the right. The following statuses can display:
- Ready for review - Indicates that the proposal has been submitted and is ready for your review.
- Reviewed - Indicates that you or another Final approver have marked the proposal as reviewed and approved but have not submitted it yet.
- Expand the proposal you want to review.
- Review the proposed compensation changes. You can use the following tools to help you with your review:
- Budget allocation - see below.
After you and any other final approvers have completed your final review, the compensation review owner can go ahead and mark the compensation review cycle as concluded with your approval.
To view the budget allocations for a specific proposal:
- Select the Final approvals tab in the compensation review.
- Expand the proposal whose budget allocation you want to review.
- Select the Budget allocation link for the proposal. A Budget allocations panel displays a breakdown of the budget allocations for that proposal.
CEOs or heads of organization have the same view of the compensation review as the final approver. They can view all changes on the Final Approvals tab.
Once reviews are submitted and reach the CEO/head of organization level, both CEOs and final approvers have the ability to make edits and mark proposals as reviewed on a shared Final approvals tab.
Proposals can only be marked as reviewed; they cannot be rejected at the final approval stage.
