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Managing Compensation Budgets

Compensation planning involves creating and maintaining budgets for each type of compensation.

Before the planning process can begin, you must define a budget for each type of compensation included in the compensation plan. For each compensation type, you can create a logical expression to calculate the budgeted amount for each employee.

During the budget calculation process, a record is created for each employee within the Employees list using the evaluated expression.

This step in Process of Setting Up Compensation Planning includes a number of related tasks.

Related Topics

• Creating a Compensation Budget and Budget Type
• Compensation Budget Expressions
• Calculating the Compensation Budget
• Locking the Compensation Budget
• Adding Employees to the Locked Compensation Budget