Fitting Payouts to the Budget: Scale, Round, Fix the Residual
This lesson is part of the course
In this lesson
You scale uncapped payouts down to the funded pool with one factor, round each payout to whole currency units, measure the rounding residual and hand it to the largest payout so the total matches the pool to the unit.
Buy the course once for $9.99 to unlock every lesson and lab, the final exam and the certificate – lifetime access, no subscription.
Lessons in this course
- Rating Distribution vs the Target Curve Locked
- Calibration: Z-Scores Within Each Manager Locked
- Relative Ranking: Percent Ranks and Rating Bands Locked
- Funding the Pool: Threshold, Target and Maximum Locked
- Individual Payouts: Salary × Target × Company Factor × Multiplier Locked
- Pro-Rating for Joiners, Leavers and Part-Timers Locked
- Fitting Payouts to the Budget: Scale, Round, Fix the Residual Locked
- Payout Summary: Cost vs Pool by Department and Fairness by Grade Locked