What action can you take to adjust loaded data in Workforce and calculate compensation expenses?

To adjust loaded data in Workforce and calculate compensation expenses effectively, altering the loaded benefit options and rates is a crucial action. This approach allows for the comprehensive adjustment of compensation expenses, as these benefits and their associated rates significantly influence overall employee costs.

When benefit options are modified, it can lead to changes in the total compensation package an employee receives. Adjusting rates can further impact the fiscal implications of these benefits, which ultimately affects payroll calculations. This aligned focus on both benefit options and their rates ensures that the compensation structure reflects any new strategic decisions or requirements within the organization.

In the context of managing workforce data, simply changing properties such as salary grade and FTE, while important for other aspects of workforce management, does not directly alter the expense calculations as significantly as the benefits and their rates do. Updating salary information also plays a vital role but focuses more on base compensation, which is only one portion of total employee expenses. Modifying benefit options only would miss the essential aspect of adjusting rates, thus not providing a comprehensive method for recalculating compensation expenses. Therefore, focusing on both benefits and their related rates presents the most effective approach to managing these calculations.