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For the past four years, your company offered employees a $3,000 annual housing allowance plan.

For the past four years, your company offered employees a $3,000 annual housing allowance plan. The company wants to increase this plan to $3,500 annually and make sure the existing employees on the plan get the new amount granted to them.

How would you make this change so that new and existing employees receive the new amount?

A.

Create a new housing allowance plan for the new amount and add it to the compensation package.

B.

Edit the allowance plan with the new effective date and change the Plan Amount.

C.

Run the Set Up Allowance Plan Adjustment task to change the amount and indicate that you want to adjust to new defaults for the employees.

D.

Use the Request Compensation Change process for the existing employees to edit the allowance plan to reflect the new amount.

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