Understanding Administer Compensation

In the following overview, the second step—defining rate codes—is required. The other remaining steps are optional, but they provide invaluable functionality for rate code use.

To administer compensation:

1. Define rate code classes on the Rate Code Classes page.

2. (Required) Define rate codes on the Comp Rate Code Table page.

3. Define rate code groups on the Rate Code Groups page and enable the use of rate code groups in the system.

4. Associate rate codes with salary steps on the Salary Step Components page of the Salary Grade component.

5. Define special rate code defaulting rules using the Rate Code Defaulting Rules component.

6. Associate rate codes with job codes, positions, and worker job records.

7. Compensate workers by using salary points:

   1. Select the Salary Points check box on the Options page of the Installation component.

   2. Set up the Salary Points monetary value on the Default Settings page of the Company component.

   3. Associate the point value (an integer) with rate codes on:

      – The Salary Step Components page of the Salary Grade component.

      – The Default Compensation page and the Non-Base Compensation page of the Job Code component.

      – The Compensation page of the Job Data component.