Siebel Employee Relationship Management Administration 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
- From the application-level menu, choose Navigate > Site Map > Administration - Compensation Planning > Compensation Plan Rules Administration
- From the visibility filters, select Budgets.
- In the Budgets list, add a new record and complete the fields.
The following table describes the fields in the budget record.
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Name |
The name of the budget. |
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. |
Description |
Description of 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
- From the application-level menu, choose Navigate > Site Map > Administration - Compensation Planning > Compensation Plan Rules Administration.
- From the visibility filters, select Budgets.
- In the Budgets list, select the budget.
- In the Budget Types list, add a new record and complete the fields.
The following table describes the fields in the budget type record.
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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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