Siebel Performance Management Guide > Setting Up Compensation Planning > Managing Compensation Budgets >
Creating a Compensation Budget and Budget Type
Budget records are created for employees who meet the following criteria:
To create a budget
- Navigate to the Administration - Compensation Planning screen > Compensation Plan Rules Administration view.
- From the visibility filters, select Budgets.
- In the Budgets list, add a record, name the budget, and complete the remaining fields.
The following table describes some of the fields in the budget record.
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Period |
Select the period that the budget covers. The Start and End fields are populated after you select a period. |
Start |
Start of the budget effective period. |
End |
Expiration date for the budget. |
Organization |
The organization associated with the budget. |
Currency |
The currency code for the budget. |
Exchange Date |
The currency exchange date used in the planning cycle. This date must be specified when multicurrency planning occurs. |
Last Run |
Indicates the date and time of the last budget calculation. |
Status |
A system-generated value. Values are New, Calculated, and Locked. For more information, see Locking the Compensation Budget. |
Active |
Select the check box to activate the budget. |
To create budget types for the budget
- Navigate to the Administration - Compensation Planning screen > Compensation Plan Rules Administration view.
- From the visibility filters, select Budgets.
- In the Budgets list, select the budget.
- In the Budget Types list, add a record, and complete the fields.
The following table describes some of the fields.
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Budget |
The total budget amount. This field is automatically completed when the budget is calculated. The application aggregates budget amounts for the employees associated with the selected budget type in the selected period. |
Budget Spent |
The total budget spent amount. The application aggregates budget spent amounts for the employees associated with the selected budget type in the selected period. |
Eligibility Rule |
An eligibility rule to indicate which employees have budgets created for them. |
Expression |
An expression used to calculate the budget amount. |
Type |
The compensation type for which you want to calculate a budget. Values include Merit, Promotion, Variable Pay, and Stock. |
Related Topic
Managing Compensation Budgets
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