Salary changes as inputs

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    IMPLAN Support
    Hi Ash. If the data you have are salaries by positions for a particular industry, then you can input your data into IMPLAN by using an Industry Change Activity to model the impact of the new wages in the area. To create this activity, you should create a model of your study region, open the model, and navigate to Setup Activities> New Activity>Industry Change>Name Activity. Next, select New Event and enter the sector number of your particular industry. If you are not sure about the number of your particular sector, you can click on Help>Sector Search and enter a key word related to the industry you are studying. You may have to repeat this search process several times before you settle on a particular sector for your project. Once you have identified the sector number, you should navigate back to New Event and enter the Number of your sector. You should select the Event Year for your project before entering your Event values in the model. After setting the Event Year, if your data are total salaries, you should enter that value in the Employee “Compensation Field” of the Events Section. If you have salaries by position-type, then you could create a separate Event for each position-type. If all you have is a total salary figure and you don’t know which industry the new firm will fit into, then we would recommend that you use a “Labor Income Change Activity” to model the impact of the new salaries/wages in the area. To create this type of activity, you would navigate to Setup Activities> New Activity>Labor Income Change>Name Activity. With this Activity type, you can evaluate a change in employee compensation or proprietor income. When you click on New Event, the first option to populate will be “5001 Employee Compensation.” Based on your Forum Post, it reads like you are looking at an employee compensation change. Here you would enter your total salary figure in the model. With either option, Industry Change or Labor Income Change, once you enter your data the model will automatically populate the remaining fields. When this happens, you can navigate to “Analyze Scenarios”, New Scenario” and name it, select “Available Activity”, and “Select Activity” to run the analysis. Please see these articles for further reading on this subject: http://implan.com/index.php?option=com_content&view=article&id=461 http://implan.com/index.php?option=com_content&view=article&id=114#Usevtele We hope this helps in addressing your question.
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    oamorgan
    Thank you. That's great. One follow up, if I use employee compensation, does IMPLAN take out income tax?
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    IMPLAN Support
    Hi Ash, Employee Compensation is defined as: Employee Compensation in IMPLAN is the total payroll cost of the employee paid by the employer. This includes wage and salary, all benefits (e.g., health, retirement) and payroll taxes (both sides of social security, unemployment taxes, etc.). If your editing the Employee Compensation field; the software removes payroll taxes, social insurance taxes, commuters, personal taxes, and savings according to the rates reflected in the SAM for your region. Thanks!
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