Compensation Definition

In PeopleSoft Global Payroll for Spain, you can define compensation at these levels:

• The labor agreement.

  In this case, you define a specific salary plan for the labor agreement. You can associate the salary grades of the salary plan with every category or subcategory of the labor agreement.

• Your company's own salary plan.

  This may have salary steps and grades that are different from the ones in the labor agreement. If you have employees with guaranteed gross or guaranteed net pay, you need to set up the automatically calculated premium section that is part of multiple components of pay.

• Job code.

• Individual employee.

  You can specify a different amount from what is stated in the labor agreement directly on the individual employee's job data.

• With a specific rule defined using the functionality of rate code defaulting rules.