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Compensation Workbench

Sample setup of Combination Plan

Swetha Bollineni

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This includes..

Used Vision Corporation Business Group, and Vision corporation data.

Date Tracked to 01-Jan-2007 for setup

Create a Plan - Test Combination Plan

Create 2 OptionsTest Salary Increase, Test Bonus

Create Standard Rates at Option Level

Create recommended amount for Option 1 Allocate Compensation, Rate Performance, Assignment change,

Employees UsedStock Ms. Pat acted as Super User, distributed budgetfor John Mr. Patt also.

Allocated compensation, rate performance and assignment change forFranklin, Mrs. Alicia

Used Participation process and Post Participation Process

Records of Franklin, Mrs. Alicia1569

Check the Navigation and notes in Note area.

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Create Life-Event

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Define Plan Period

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Create Plan Type

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Define Derived Factor

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Create Option 1Test Salary Increase

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Create Option 2Test Bonus

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Create a Plan

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Check eligibility factor

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Not a Program

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Add periods for Plan

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Define Tasks

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Add Plan Eligibility

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Define Plan Enrollment

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General

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Coverage

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Rates

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Hierarchy

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Budget

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Performance

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Miscellaneous

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Calculation method

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Distribution BudgetOption 1

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Calculation method

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Worksheet AmountOption 1

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Calculation method

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Option 1Worksheet Amount Processing Information

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Worksheet Budget for Option 2

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Calculation method

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Distribution BudgetOption 2

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Calculation method

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Worksheet AmountOption 2

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Calculation method

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Option 2Worksheet Amount Processing Information

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Eligible salaryOption 2

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Calculation method

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Eligible salaryOption 1

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Calculation method

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Recommended/Target amount for Option 1

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Calculation method

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Run CWB Participation process

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Login to Super user

HR Professional V4.0 Responsibility

Eg: Vision Corporation(PSTOCK, welcome)

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CWB Home page

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To get access for Set Budget TaskClick on Employee Administration Link

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1. Set Budget Task

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Select Budgeting Method

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Budget Summary Table

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Budget worksheet

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Confirmation..

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2. Allocate Compensation

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Option 1 Amount

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Option 2 Amount

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3. Rate Performance Task

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4. Assignment Change task

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Review and Submit Task

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6. Approval

Run Post Process For Specific Employee

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Run Post Process For Specific Employee

Eg: Franklin, Mrs. AliciaEmp Id - 1569

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View Result

Query the Record of Franklin Mrs Alicia whose

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Query the Record of Franklin, Mrs. Alicia whose

Employee Id - 1569

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Salary Administration

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Date Track

Salary Administration with new salary from 01-Feb-

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Salary Administration with new salary from 01-Feb-

2008

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Element Entry

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Element Entry valuesRegular salary

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Element Entry valuesBonus

Date Track to next pay period to check bonus element

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Date Track to next pay period to check bonus element

in element entry

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Run Close enrollment process to close theplan