How do I do a bulk nominal minimum wage rate increase

Due to various reasons, sometimes customers would like a way to make global price increase to contracts, where the nominal rate is increased by some percentage.

IMPOWR allows you to perform a bulk action on the contract list page for adjusting labor rates.

The bulk action has multiple options.

First, choose which contracts to apply this to... either select every contract in the grid currently, or only ones that are checked off.

Then, set whether this should affect the baseline rate, training rate, or both.

Then choose how to adjust the rate - either you can set a new dollar value as the new rate, or enter a percentage that will increase/decrease the rate on each contract separately by that percentage amount.

For example, you have two contracts, one with a rate of $1 and one with a rate of $2, and you increase the rate of both by 8%, that'll make the new rate of the first contract $1.08 and the rate of the second contract $2.16.

All bulk rate updates get logged to the audit trail as edits to the contract