--- title: How to Set Premiums on Positions description: Use the Premium Percentage feature to help appeal to hard-to-recruit positions, as well as hot jobs. Read on to learn how to set a Premium Percentage on individual and multiple positions en masse. --- [Skip to content](https://knowledge.balancedcomp.com/setting-premiums-on-positions#main-content) English Show submenu for translations ![MainBrand\_RGB\_Icon\_Red.jpg\]](https://knowledge.balancedcomp.com/hs-fs/hubfs/MainBrand_RGB_Icon_Red.jpg?width=40&height=40&name=MainBrand_RGB_Icon_Red.jpg) - [Position Grading Request](https://balancedcomp.com/regrade-request/) - [Annual Comp Report](https://compreport.balancedcomp.com/) - [Past FinComp Sessions](https://www.youtube.com/feed/playlists) Open main navigation Close main navigation - [Position Grading Request](https://balancedcomp.com/regrade-request/) - [Annual Comp Report](https://compreport.balancedcomp.com/) - [Past FinComp Sessions](https://www.youtube.com/feed/playlists) - English Show submenu for translations - balancedcomp.com balancedcomp.com How can we help? - There are no suggestions because the search field is empty. 1. [Knowledge Base](https://knowledge.balancedcomp.com/?hsLang=en) 2. [BalancedComp](https://knowledge.balancedcomp.com/balancedcomp?hsLang=en) 3. [Positions](https://knowledge.balancedcomp.com/balancedcomp?hsLang=en#positions) # How to Set Premiums on Positions ## Use the Premium Percentage feature to help appeal to hard-to-recruit positions, as well as hot jobs. Read on to learn how to set a Premium Percentage on individual and multiple positions en masse. - Only company administrators can access BalancedComp. - Setting a Premium Percentage increases the position's midpoint by the percentage you enter. This, in turn, increases that position's employees' midpoints by same percentage. - You can follow the steps below to update a previously set Premium Percentage. ### Setting a Premium Percentage on an individual Position 1. Click **Positions** in the main nav. In your **Active Positions**, click on the **Position Title** that you wish to add a premium to. ![Step 1](https://knowledge.balancedcomp.com/hs-fs/hubfs/Step%201.png?width=655&height=270&name=Step%201.png) 2. Click **Edit Position**. Then, select **Edit Position Details** from the dropdown menu. ![Step 2](https://knowledge.balancedcomp.com/hs-fs/hubfs/Step%202.png?width=688&height=209&name=Step%202.png) 3. On the next page, scroll down to the **Premium Percentage** section. Enter the **Premium Percentage** in the corresponding input field. Note: That value can be *either a positive amount or a negative amount*. If desired, enter your **Reason for Premium** in the designated area; this step is optional. When finished, click **Save**. ![Step 3](https://knowledge.balancedcomp.com/hs-fs/hubfs/Step%203.png?width=688&height=298&name=Step%203.png) ### Setting a Premium Percentage on Multiple Positions (Example: You want to set a Premium Percentage to pay all your Non-Exempt Employees 5% above market.) 1. Click **Positions** in the main nav. Filter your **Active Positions** by your **desired criteria**. In this example, you would filter by Non-Exempt Positions under Job Classification. ![2 step 1](https://knowledge.balancedcomp.com/hs-fs/hubfs/2%20step%201.png?width=688&height=285&name=2%20step%201.png) 2. Click on the **Select All checkbox** to select all of your filtered Positions. ![2 step 2](https://knowledge.balancedcomp.com/hs-fs/hubfs/2%20step%202.png?width=688&height=297&name=2%20step%202.png) 3. Click **Actions**. Then, select **Set Premium Percentage** from the dropdown menu. ![2 step 3](https://knowledge.balancedcomp.com/hs-fs/hubfs/2%20step%203.png?width=688&height=281&name=2%20step%203.png) 4. On the next screen, an orange **alert message** informs you of **how many employees will be affected by this action**. Below that alert, enter the **Premium Percentage** in the corresponding input field. Note: That value can be *either a positive amount or a negative amount*. If desired, enter your **Reason for Premium** in the designated area; this step is optional. When finished, click **Submit**. ![2 step 4](https://knowledge.balancedcomp.com/hs-fs/hubfs/2%20step%204.png?width=673&height=411&name=2%20step%204.png) If you want to unset premium percentages en masse, simply leave premium percentage blank or enter a 0.   - [BalancedComp](https://knowledge.balancedcomp.com/balancedcomp?hsLang=en#main-content) - [Employees](https://knowledge.balancedcomp.com/balancedcomp?hsLang=en#employees) - [Positions](https://knowledge.balancedcomp.com/balancedcomp?hsLang=en#positions) - [Reports](https://knowledge.balancedcomp.com/balancedcomp?hsLang=en#reports) - [System Administration](https://knowledge.balancedcomp.com/balancedcomp?hsLang=en#system-administration) - [Budget Builder](https://knowledge.balancedcomp.com/balancedcomp?hsLang=en#budget-builder) - [Logging In](https://knowledge.balancedcomp.com/balancedcomp?hsLang=en#logging-in) - [BalancedResults](https://knowledge.balancedcomp.com/balancedresults?hsLang=en#main-content) - [Goal Libraries](https://knowledge.balancedcomp.com/balancedresults?hsLang=en#goal-libraries) - [Performance Reviews](https://knowledge.balancedcomp.com/balancedresults?hsLang=en#performance-reviews) - [Approvals](https://knowledge.balancedcomp.com/balancedresults?hsLang=en#approvals) - [Feedback Sessions](https://knowledge.balancedcomp.com/balancedresults?hsLang=en#feedback-sessions) - [Settings](https://knowledge.balancedcomp.com/balancedresults?hsLang=en#settings) - [Users](https://knowledge.balancedcomp.com/balancedresults?hsLang=en#users) - [Troubleshooting](https://knowledge.balancedcomp.com/balancedresults?hsLang=en#troubleshooting) - [Reports](https://knowledge.balancedcomp.com/balancedresults?hsLang=en#reports) - [Templates](https://knowledge.balancedcomp.com/balancedresults?hsLang=en#templates) - [BalancedRewards](https://knowledge.balancedcomp.com/balancedrewards?hsLang=en#main-content) - [Settings](https://knowledge.balancedcomp.com/balancedrewards?hsLang=en#settings) - [Goal Libraries](https://knowledge.balancedcomp.com/balancedrewards?hsLang=en#goal-libraries) - [FAQ](https://knowledge.balancedcomp.com/balancedrewards?hsLang=en#faq) [![BalancedComp-Horizontal-Digital-White](https://knowledge.balancedcomp.com/hs-fs/hubfs/BalancedComp-Horizontal-Digital-White.png?width=200&height=58&name=BalancedComp-Horizontal-Digital-White.png "BalancedComp-Horizontal-Digital-White")](https://balancedcomp.com) P.O. 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