ECM Plan with no budget, planning, or approval for hourly union employees

We are implementing Enterprise Compensation Management at my company.  We are on 6.0 Ehp5.  One of our requirements is for a General Increase Plan (Salary Adjustment) for union employees.  There is no approval process for this plan.  Once top leadership has approved the increase (outside of SAP) every eligible employeeu2019s base pay is increased by the same percentage.  Also, this group of employees has fixed pay per job.  We use table T510 to store their pay scales and levels.  So we normally increase the values in T510 by the approved percentage and then create new IT0008 via mass upload. 
Since we are implementing ECM and want this plan to be administered through ECM, my question is about how that should work.  I was thinking that we would use PECM_CREATE_COMP_PRO to create the Compensation Process record and bring to the minimum.  I am not sure if this transaction looks at T510 or just T710 or the Planned Compensation (HRP1005).  I assume we would then use PECM_CHANGE_STATUS to change the status to u201CApprovedu201D (not sure if the IT0759 has to be in Appoved status before being activated).  Lastly we would use PECM_CHANGE_STATUS to Activate the Compensation Process infotypes.  Does this sound like the way to handle a plan where every eligible employee gets the same % increase or do you know of a best practice you could share?

Hi Vishal,
Nice to see your reply, i am having SAP_ALL permissions in the backend system, my user id was attached to employee, that employee is top level manager, i am able to see employees successfully in MSS 600 Compensation Approval WebDynpro JAVA application for Approval and Rejection, but i am not able to see employeed in MSS 604 (EHP4) Review Planning(Compensation Approval) WebDynpro ABAP application.
When i am trying to execute that application even i am not able to see any errors, the screen looks fine, only in the table it displays " table does not contain data"
If you have any idea please help me on this one.
Thanks in Advance.
Regards,
Babu.

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