When someone on your team gets promoted or their bill rate changes, change their role or discipline in their Profile Settings. It will change their rates for all projects moving forward. None of your existing projects will be impacted.
If you want to change the bill rates for existing projects, modify their bill rate in each project in the EditProject settings. You can choose to apply increased rates to the whole project or to specific phases.
For example: Joe’s bill rate increased from $75/hr to $100/hour in February. You can change his rate to $100/hr for the projects he’s currently assigned to, and it will apply the rate to all hours. I can also add this new $100 rate to only the phases that occur after February. This way the first part of the project bills at $75/hr and the second part at $100/hr.
Because bill rates are typically tied to contracts, rates are not automatically updated for existing projects when someone is promoted. 10,000ft assumes you will still bill them out at the old rate for the remainder of the project, but pay them more (i.e. make less profit).