Field
Description
Indexation Applicable From *
Mandatory
Date from which the Indexation Percentage starts to apply
The percentage is not applied directly on this date; the percentage will apply to salary calculations from the next available date in the Date Effective On section.
• Use the date picker or enter the date in the format: DD/MM/YYYY.
• You cannot have more than one indexation percentage record with the same effective date. When the indexation percentage changes, create a new record.
Percentage
Percentage of indexation, for example 1.50
The value can only be up to 5 digits, including two decimal places.
ReCaP
only: Salary is only calculated in ReCaP if at least one
indexation percentage is recorded.
Dates Effective On
Day and month on which the indexation percentage will be applied, based on the Indexation Applicable From date
Click Add to enter details for a new effective day and month, or click the Open icon to edit an existing entry.
In the first dropdown of the popup, select the day. In the second dropdown, select the month.
You can nominate more than one date.
To create another date without leaving the popup, click the Create Another checkbox before saving. The first date will be saved and the dropdowns cleared. This is useful if you have salary increases more than once a year.
Example
An increase of 1.5% is decided on the 1st of December. The institution has two rounds of salary increases per year, one at the end of November and another in May. In this case, the fields would be completed as follows:
Indexation Applicable From |
01/12/2021 |
Percentage |
1.5 |
Dates Effective On |
30 November |
31 May |
The increase will next apply from 31st May because the Indexation Applicable From date for this percentage, 1st of December, is after the salary increase date of 30th November.