Compensation Plan Templates

Compensation Plan Templates

Oracle Incentive Compensation is a robust, rules based engine for calculation of sales compensation for a diverse set of industries. Each industry has a specific set of requirements for its sales compensation plans. Oracle Incentive Compensation includes selected industry-specific compensation plan templates that incorporate best practices.

Currently, Oracle Incentive Compensation includes compensation plan templates for the following segments:

To import a plan:

  1. Download the compensation plan template file to your local system. The files are stored at the relative path $APPL_TOP/cn/12.0.0/patch/115/xml.

    These are the industry-specific compensation plan templates that Oracle Incentive Compensation provides:

    Segment Compensation Plan File Name
    Communication - Wireless Retail Outlets Cnwlretailoutlets
      Distributors Cnwldistributors
      Company Store Managers Cnwlcompstoremgrs
      Company Store Representatives Cnwlcompstorereps
      Contact Center Managers Cnwlccmgrs
      Contact Center Agents Cnwlccagents
      Corporate Sales Managers Cnwlcorpsalesmgrs
      Corporate Sales Representative Cnwlcorpsalesreps
    Retail Banking Consumer Banking Advisors Cnconsbankadvsrs
      Business Banking Advisors Cnbussbankadvsrs
      Bank Branch Managers Cnbankbrnmgrs
    Wealth Management Investment Specialists Cninvsspecialists
      Portfolio Managers cnportfoliomgrs

  2. Log in as Plan Administrator.

  3. Click Import Setup Data.

  4. Click Create.

  5. Enter the request name and select the target operating unit where the plan is to be imported.

  6. Browse for the compensation plan template.

    The application by default sets the start date of an imported plan to 01-Jan-2010 and the end date to 31-Dec-2010. You can optionally change the start and end dates.

  7. Click Submit.

For more information on importing plans, refer Creating Import Requests.

After you have submitted the import request, navigate to Monitor Request, to see the status of the request. Once a compensation plan has been successfully imported into the system, you can view details of the plan elements, earnings rules, eligible products, and rate tables. You can additionally modify a compensation plan to suit your business needs.

For more information on viewing compensation plans, refer Maintaining Compensation Plans.

Communications - Wireless Segment

Oracle Incentive Compensation includes the following compensation plan templates for the wireless segment of the communications industry. These plans are designed to compensate channels and employees on service plan activation, service plan renewals, billing, and sales of devices and accessories.

Retail Outlets

This is a sample compensation plan for retail outlets selling wireless related products. The Retail Outlets compensation plan consists of these plan elements:

Distributors

This is a sample compensation plan for distributors selling wireless related products. The Distributors compensation plan consists of these plan elements:

Company Store Managers

This is a sample compensation plan for company store managers selling wireless related products. The Company Store Managers compensation plan consists of these plan elements:

Company Store Representatives

This is a sample compensation plan for company store sales representatives selling wireless related products. The Company Store Representatives consists of these plan elements:

Contact Center Managers

This is a sample compensation plan for contact center managers selling wireless related products. The Contact Center Managers compensation plan consists of these plan elements:

Contact Center Agents

This is a sample compensation plan for contact center agents selling wireless related products. The Contact Center Agents compensation plan consists of these plan elements:

Corporate Sales Managers

This is a sample compensation plan for corporate sales managers selling wireless related products. The Corporate Sales Managers compensation plan consists of these plan elements:

Corporate Sales Representatives

This is a sample compensation plan for corporate sales representatives selling wireless related products. The Corporate Sales Representatives compensation plan consists of these plan elements:

Retail Banking Segment

Oracle Incentive Compensation includes the following compensation plan templates for the retail banking segment. These plans are designed to compensate employees on consumer and business account openings, referrals and business loans.

Consumer Banking Advisors

This is a sample compensation plan for retail consumer banking advisors. The Consumer Banking Advisors compensation plan consists of these plan elements:

Business Banking Advisors

This is a sample compensation plan for retail business banking advisors. The Business Banking Advisors compensation plan consists of these plan elements:

Bank Branch Managers

This is a sample compensation plan for retail banking branch managers. The Bank Branch Managers compensation plan consists of these plan elements:

Wealth Management Segment

Oracle Incentive Compensation includes the following compensation plan templates for the wealth management segment. These plans are designed to compensate employees on investment product sales, investment product fees, portfolio performance and assets under management.

Investment Specialists

This is a sample compensation plan for wealth management investment specialists. The Investment Specialist compensation plan consists of these plan elements:

Portfolio Managers

This is a sample compensation plan for wealth management portfolio managers The Portfolio Managers compensation plan consists of these plan elements: