Earnings Growth

Applies To: All Applications

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Earnings Growth

Applies To: All Applications

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In previous versions, in order to simplify and standardize the calculations, growth rates for projected earnings were applied at each job's start date. If a job began on January 1, and historical earnings were not provided, the job's earnings for the calendar year would equal the starting salary times the growth rate.

Users objected to this approach. The calculations have been modified to address these objections. Now growth rate are applied starting with the second calender year. If a job begins on January 1, the first year's earnings will equal the starting salary, and the second year's earnings will equal the starting salary times the growth rate.