Bookshelf v7.5: Example Process for Compensation Planning

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

Example Process for Compensation Planning

The following section describe the process an administrator might follow to set up compensation planning. Your company may follow a different process according to its business requirements.

Administrator Procedures

The Siebel administrator requires administrative responsibilities to:

Create salary grades and associated salary plans. The administrator creates salary grades as the first step in establishing salary ranges within the organization, and then the administrator creates salary plans to define the salary range for each salary grade. For more information, see Creating a Salary Grade, and Creating a Salary Plan.

Create job families and job codes. The administrator defines families to group job codes that have a common function but may differ in complexity, scope, or level, and then creates job codes to identify job types and titles. For more information see Creating a Job Family and Creating a Job Code.

Verify and update employee information. The administrator verifies and maintains employee job information for accurate compensation results. For more information, see Updating Employee Job Information.

Define compensation guidelines. The administrator creates guidelines for merit, variable pay and stock compensation. For more information, see Establishing Compensation Guidelines.

Define compensation eligibility rules. The administrator establishes eligibility rules to determine which employees are eligible for specific types of compensation. For more information, see Defining Compensation Eligibility Rules.

Define the compensation plan rollout participants. The administrator selects the management levels within the organization that will participate in the compensation planning process. For more information, see Defining the Compensation Plan Rollout.

Define the compensation budgets and associated employees. The administrator creates compensation type budgets with expressions that are used when calculating the budget, and then adds employees to the compensation budget. For more information, see Managing Compensation Budgets.

Create the planning cycle and add compensation type components. The administrator defines the period, budget guidelines, eligibility rules and so on that are incorporated into the planning cycle for the compensation plan. For more information, see Defining Planning Cycles.

Generate the compensation plans. The administrator creates the compensation plans for use by managers participating in the Rollout. For more information, see Generating Compensation Plans.