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Siebel Performance Management Guide > Setting Up Compensation Planning >
Defining Compensation Planning Cycles
You must create a planning cycle before initiating the compensation planning process. A planning cycle definition determines which period, budget, guidelines, eligibility rules, and compensation types are incorporated into a compensation planning cycle. After a planning cycle has been defined, the associated compensation plans can be created and released to the managers to begin the planning process. This task is a step in Process of Setting Up Compensation Planning. To create a planning cycle
- Navigate to the Administration - Compensation Planning screen.
- From the visibility filters, select Planning Cycles.
- In the Planning Cycles list, add a planning cycle, provide a name and description, and complete the remaining fields.
The following table describes some of the fields.
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Organization |
This field is automatically populated with the organization associated with the planning cycle based on the budget. |
Budget |
The budget record associated with the planning. |
Exchange Date |
The currency exchange date used in the planning cycle. This date must be specified when multicurrency planning occurs. |
Period |
The compensation plan period. This choice provides the values for the Plan Start and Plan End fields. |
Plan Start |
A read-only field that shows the start date of the compensation plan period, based on the period selection. |
Plan End |
A read-only field that shows the end date of the compensation plan period, based on the period selection. |
Status |
This field displays the planning cycle status. The following values indicate status:
- New. The plan creation process has not been invoked.
- In Progress. The plan creation process is in progress.
- Done. The plans have been created, but they have not been released to managers for planning.
- Locked. The plans have been created and released to managers for planning.
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Related Topic
Associating a Compensation Component with a Planning Cycle
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