Modify benefits to calculate the budget for new, modified, or deleted employee benefits, and allocate the compensation budget to General Ledger accounts for inclusion in the line item budget.
To manage benefits:
Perform steps 1-7 in Maintaining Employee Compensation Details.
Perform any task on the Benefits tab:
To identify and budget for new benefits, such as a dental plan, right-click, select Add Benefit, and then specify the following:
Select Benefit Element—Expand Benefits to select the member for the benefit.
Select Option—The plan or option associated with the benefit, such as Survivor and Dependants for health benefits.
Enter Effective Start Date—When to add and activate the benefit.
To remove benefits, right-click the assignment, and then select Delete Benefit.
See Calculating and Allocating Compensation Expenses andViewing the Budget Impact of Compensation Expenses.