COMPENSATION AND SALARY STRUCTURE MANAGEMENT

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[ ] Fetch Current Salary Grades: Retrieve all existing salary bands and grade levels from the Compensation Data Model.
[ ] Fetch Employee Records: Retrieve current employee compensation data, including base pay, bonuses, and current grade.
[ ] Create Proposed Salary Structure: Create a new draft entry in the 'Proposed Structures' data model for review.
[ ] Calculate Midpoint & Range Spread: Calculate the mathematical midpoint and the width of the pay ranges based on min/max values.
[ ] Calculate Total Budget Impact: Sum the difference between current salaries and proposed salaries to determine total cost increase.
[ ] Calculate Percentage Change: Calculate the percentage increase/decrease of the total budget impact relative to the previous budget.
[ ] Financial Controller Review: Create a task for the Finance Department to validate the budget impact against the company's annual budget.
[ ] Update Proposal Status: Update the status of the Proposed Salary Structure entry to 'Under Review'.
[ ] HR Director Approval: Create a high-priority task for the HR Director to approve or reject the new structure.
[ ] Notify Stakeholders of Decision: Send an email to the Executive Team with the finalized or rejected salary structure details.
[ ] Commit Final Salary Grades: Update the master 'Salary Grades' data model with the newly approved ranges.
[ ] Generate Compensation Change Log: Create an entry in the Audit Log to track the history of compensation changes for compliance.
[ ] Update Employee Individual Records: Create a series of tasks for HR Generalists to update individual employee records if the structure change affects specific roles.
[ ] Generate Compensation Audit Report: Create a formal report summarizing the new structure, the budget impact, and the approval timestamp.
[ ] Notify Payroll Department: Send an email to the Payroll team to ensure upcoming payroll cycles reflect any necessary adjustments.

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