Plane keeps track of each workers changes in compensation over time to accurately calculate payroll and contract changes. This means each change is recorded as a separate object with its own lifecycle.
When using Plane for payroll,
accepted compensation changes are mapped to payroll changes
and are included in payroll calculations.
Unique identifier for the object, e.g.
Status of the compensation change. This can be one of
If a compensation requires contract changes to be effective or a manager approval, it will be created in a
Otherwise defaults to
Date this compensation is effective from.
Date this compensation is effective until. Can be
null, meaning the change is effective indefinitely.
Whether or not this compensation is current in the context of this employment.
Amount of compensation offered.
Currency of compensation offered.
The time period this pay rate is denomiated in. E.g.
An optional description of the compensation unit. This is used in combination with
other to indicate custom compensation
units, e.g. 2,000 USD per Project.
The position’s pay frequency. E.g.
thirteen_monthly (annual compensation divided by 13) and
fourteen_monthly (annual compensation divided by 14),
Description of stock-based compensation, e.g.
23,832 shares of the Company’s common stock
Optional details or incentives included in the compensation, e.g.
You will be eligible to participate in the company’s sales commission plan with on target earnings of 150,000 USD.
Explanation of why this compensation change was requested.
A Worker object this compensation change is related to.