Create Profit Sharing Incentives - FRA

Create Profit Sharing Incentives - FRA Agreement Personalization Process Interest & Payment Review Reference Period Process Interest & PaymentIndividual Report Member Entitlements Member Entitlements Member Entitlements Plan Rewards Analyze Total CompensationExtract Eligible EmployeesMember EntitlementsCompute Global FundDistribute Global FundsProcess Interest & PaymentAgreement ReportReview AgreementReview Reference PeriodAgreement PersonalizationProfit-Sharing EntitlementsPersonal Entitlements

The tables on this page list the tasks for this business process, grouped by role. Some roles may be listed more than once if their tasks are performed at different points in the process. Follow the task numbers in order, unless the Task Description column provides instructions to go to a different task number. Click links in the Task Description column to view detailed diagrams for those tasks or to go to the online help for those pages.

Compensation Manager

Task Number

Task Description

1

Plan Rewards.

Profit Sharing Specialist

Task Number

Task Description

2

Identify employees qualifying for profit sharing and import payroll data.

Extract Eligible Employees

3

Retrieves GP accumulators results or field values of record WP_EXT_PAYDATA EIP (AE): HR_WP_ELIG.

4

Review extracted employee list and add additional employees as needed.

Member Entitlements

5

Calculate global funds, entitlement by employee and divide funds.

Compute Global Fund

Distribute Global Funds

6

Review calculation and distribution results and update values if needed.

Member Entitlements

7

Calculate interest and update fund status.

Process Interest & Payment

8

Review results and update interest calculations values by employee.

Member Entitlements

9

Review agreement and define personalization deadline for reference periods.

Review Agreement

Review Reference Period

10

Approve reference periods.

Review Reference Period

11

Send payments to employees and update fund status.

Process Interest & Payment

In parallel: Go to task number 12, Go to task number 20, Go to task number 19.

Employee

Task Number

Task Description

12

Determine action to take.

In parallel: Go to task number 14, Go to task number 13, Go to task number 15, Go to task number 16.

13

Review and personalize interest mode and investment options.

Agreement Personalization

14

Review entitlements and request profit sharing releases.

Profit-Sharing Entitlements

Go to task number 17.

Profit Sharing Specialist

Task Number

Task Description

15

Review profit-sharing amounts, deductions, and interest and enter fund requests.

Personal Entitlements

Go to task number 17.

16

Review and adjust agreement settings.

Agreement Personalization

17

Verify entitlements for eligible employees and approve release requests.

Member Entitlements

18

Calculate interest, send payment to employees and update fund status.

Process Interest & Payment

Go to task number 20.

19

Review profit sharing reports.

Individual Report

Agreement Report

20

Global Payroll or external system?.

In parallel: Go to task number 21, Go to task number 23.

21

Create Positive Input in Global Payroll for payments to be processed EIP (AE): HR_WP_PAYMT.

22

Update profit sharing fund status according to Payroll results EIP (AE): HR_WP_PAYMT.

Go to task number 25.

23

Send payment information for external payroll system EIP (AM): PROFIT SHARING PAYMENT REQUEST (OUT).

24

Receive payments information for updating fund status EIP (AM): PROFIT SHARING PAYMENT ACKNOWLEDGEMENT (IN).

Compensation Manager

Task Number

Task Description

25

Analyze Total Compensation.

End of activity.