Siebel Employee Relationship Management Administration Guide > Setting Up Compensation Planning >

Defining 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.

To create a planning cycle

  1. From the application-level menu, choose View > Site Map > Compensation Planning Administration > Planning Cycles.
  2. In the Planning Cycles list, add a new record and complete the fields.

    3. The following table describes the fields in the planning cycle record.

    Field
    Comments
    Name
    Enter the name of the planning cycle (for example, Q2 2002 Merits and Promotions).
    Description
    Enter a description of the planning cycle.
    Organization
    This field is automatically populated with the organization associated with the planning cycle based on the budget.
    Budget
    Select the budget record associated with the planning.
    Exchange Date
    Select the currency exchange date used in the planning cycle. This date must be specified when multi-currency planning occurs.
    Period
    Select the compensation plan period. This choice provides the values for the Plan Start and Plan End fields.
    Plan Start
    This read-only field shows the start date of the compensation plan period, based on the period selection.
    Plan End
    This read-only field 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 have not been released to managers for planning.
    • Locked. The plans have been created and released to managers for planning.

A planning cycle must have at least one compensation type associated with it. For each planning cycle, the list of associated components determines which component tabs (Merits, Promotions, Variable Pay, Stock, and so on) are accessible to managers during the planning process.

To associate a compensation type with a planning cycle

  1. From the application-level menu, choose View > Site Map > Compensation Planning Administration > Planning Cycles.
  2. In the Planning Cycles list, select the planning cycle.
  3. In the Components list, add a new record and complete the fields.

    4. The following table describes the fields in the component record.

    Field
    Comments
    Name
    Enter a name for the compensation component.
    Type
    Select the compensation type (for example, Merit, Promotion, Variable Pay, Stock).
    Guidelines
    Select the guideline that applies to the compensation component.
    Eligibility Rule
    Select the eligibility rule that applies to the compensation component.
    Transaction Effective Date
    Select the transaction effective dates of a merit, promotion, bonus, or stock grant transaction. Specifying one or more of these dates per compensation type provides control of dates from which managers can select when determining the effective dates of salary increases, promotions, bonus payouts, and stock grants.


 Siebel Employee Relationship Management Administration Guide 
 Published: 18 April 2003