PeopleSoft HR 9.1 PeopleBook: Administer Compensation

PeopleSoft HR Administer Compensation Preface

This preface discusses:

PeopleSoft Products.
PeopleSoft HCM Application Fundamentals.
Common elements in this PeopleBook.

Note. This PeopleBook documents only page elements that require additional explanation. If a page element is not documented with the process or task in which it is used, then either it requires no additional explanation or it is documented with common elements for the section, chapter, PeopleBook, or product line.

PeopleSoft Products

This PeopleBook refers to the following PeopleSoft product: PeopleSoft HR Administer Compensation.

PeopleSoft Application Fundamentals

The PeopleSoft HR 9.1 PeopleBook: Administer Compensation provides implementation and processing information for your PeopleSoft HR Administer Compensation system. Additional, essential information describing the setup and design of your system appears in a companion volume of documentation called PeopleSoft HCM 9.1 Application Fundamentals PeopleBook. Each PeopleSoft product line has its own version of this documentation.

PeopleSoft HCM 9.1 Application Fundamentals PeopleBook consists of important topics that apply to many or all PeopleSoft applications across the PeopleSoft HCM product line. No matter which HCM products you are implementing, you should become familiar with the contents of this central PeopleBook. It is the starting point for fundamentals, such as setting up control tables and administering security.

PeopleBooks and the PeopleSoft Online Library

A companion PeopleBook called PeopleBooks and the PeopleSoft Online Library contains general information, including:

Understanding the PeopleSoft online library and related documentation.
How to send PeopleSoft documentation comments and suggestions to Oracle.
How to access hosted PeopleBooks, downloadable HTML PeopleBooks, and downloadable PDF PeopleBooks as well as documentation updates.
Understanding PeopleBook structure.
Typographical conventions and visual cues used in PeopleBooks.
ISO country codes and currency codes.
PeopleBooks that are common across multiple applications.
Common elements used in PeopleBooks.
Navigating the PeopleBooks interface and searching the PeopleSoft online library.
Displaying and printing screen shots and graphics in PeopleBooks.
How to manage the locally installed PeopleSoft online library, including web site folders.
Understanding documentation integration and how to integrate customized documentation into the library.
Application abbreviations found in application fields.

You can find PeopleBooks and the PeopleSoft Online Library in the online PeopleBooks Library for your PeopleTools release.

Common Elements in This PeopleBook

Frequency	Enables you to select a frequency (hourly, daily, monthly, annually, and so on) in which to express the compensation rate.
Base Pay	Pay for a regularly assigned workweek. A pay component that is included in the job compensation rate calculation. For example, an employee's base compensation package may be made up of the following components: base pay, cost of living, child-care cost, and commuting cost.
Compensation Package	All of the base and non-base pay components on a job row.
Job Code	An ID for a job as defined on the Job Code table.
Job Code Component	A pay component assigned to a job code. A pay component is defined by associating a rate code with a job code on the Default Compensation page or the Non-Base Compensation page of the Job Code table.
Job Compensation Rate	The compensation rate of the corresponding job row.
Non-Base Pay	A pay component that is used by Payroll only in paysheet calculation. It is not included in the job comp rate calculation. For example, non-base pay can be set up for additional work, holiday pay, bonuses, and so on.
Pay Component	A row in a compensation record that builds the compensation packages in that record.
Rate Code	The ID of a pay component. It defines a rate of pay. Rate Code represents pay components on pages and when configuring compensation packages in a compensation record. Rate Code is set up in the Comp Rate Code (compensation rate code) table.
Rate Code Group	A number of pay components (represented by rate codes) that are bundled into a subset of a compensation package. The rate code group is used to calculate percentage-based components that do not apply the percentage to all pay components in the compensation package. Rate code groups are set up on the Rate Code Groups page.
Rate Code Type	Determines how the monetary value of a rate code is calculated. The compensation rate code type is defined on the Comp Rate Code table. Valid values are Flat Amount, Hourly Rate + Flat Amount, Hourly Rate, Percent, and Points.
Rate Matrix	A matrix that is associated with a rate code, which applies rules and formulas to determine the amount or rate for a specific employee.
Rules-Driven Pay Component	A pay component that uses rules to determine the appropriate rate code to assign to an employee. Rules are set up in the Comp Rate Code Rules component.
Salary Step Component	A pay component that is assigned to a salary step by entering the corresponding rate code on the Salary Step Components page.
Seniority Pay	A premium that is paid for the length of time that an employee has worked for an organization.
Seniority Pay Component	A pay component that has a rate code with the seniority rate code class (SENPAY). This class is provided by PeopleSoft and is assigned on the Comp Rate Table page. You use it to access the seniority pay functionality.
Seniority Rate Code	A rate code associated with the seniority rate code class (SENPAY). This class is provided by PeopleSoft and is assigned on the Comp Rate Code Table page. You set up levels of pay increase for these codes on the Seniority Pay page of the Comp Rate Code component.