iTWO cx RIB CX allows configuring Escalation Month for the Contracts Administration module.
1. Go to Configure > Modules > Contracts Admin.
2. Scroll down to Control Sheets, Wages - Escalation Start (Month) or Salaries - Escalation Start (Month).
3. Configure the month in the year when the escalation rates take effect.
4. You can also define the Year Start month. This will allow you to configure your own financial year as per your company requirements.
Eg:
- Start Month - Jan
- Escalation Month - Sept
This means that the rate for the previous month will be escalated in September to = old rate x % of escalation.
Here is an example below.
