Merit cycles: an overview
How a merit cycle moves from draft to applied, who does what, and what each tab is for.
Written By Karl
Last updated About 9 hours ago
A merit cycle is a planned round of pay increases. Administrators set the budget and rules, managers propose increases for their teams, proposals are reviewed in the approval flow, and administrators apply the result to salaries.
Where: Compensation β Merit Cycles.
The lifecycle
Who does what
Administrators create, configure, launch, close, apply and cancel cycles, and can act on any worksheet.
Managers fill in and submit worksheets for their teams. See Filling in and submitting your merit worksheet.
The cycle page
Select New Merit Cycle, give it a Name, and the cycle opens with three tabs:
Settings: timeline, participants, budgets, rules, approval flow and worksheets. Changes save automatically.
Worksheets: progress per manager and per employee once the cycle is live.
Insights: budget, progress, distribution and the projected effect on compa-ratio and the pay gap.
The cycles list
The list shows each cycle's name, status, employees, budget, progress, deadline, creator and entity. You can Duplicate a cycle to reuse its setup, or archive it.
Next steps
Good to know
Merit Cycles is in the sidebar for administrators. If you're an administrator and don't see it, contact Evenpay support.
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