Other compensation elements are nonsalary expenses, such as additional earnings (bonuses, and so on), benefits, and employer-paid taxes. These elements have different rates and are usually allocated to different General Ledger segments or chart fields than basic salary. In some source systems, individual benefits and employer-paid taxes are called attributes.
Before releasing the budget, review and update compensation elements and attributes, particularly employer-paid taxes for which you may need to define tax elements (attributes) for multiple countries or currencies. If tax rates change by year, modify the tax elements or attributes to reflect updated tax rate and base them on the fiscal or the calendar year.
To apply compensation element or attribute changes to multiple positions in a cost center, click Mass update position data.
See Defining Other Compensation Elements and Defining Overtime.