Compensation Cycles in eCompensation Manager Desktop

Compensation Cycle is compensation activity that is established for a specific period of time (for example, the annual merit increase or bonus awards that are typically performed after the employee's annual performance evaluation).

This diagram illustrates, at a high level, the business process flow for implementing Compensation Cycles in eCompensation Manager Desktop.

Here is a brief summary of some of the steps that you may need to complete to set up and implement compensation cycles:

• Define base compensation.

• Define rules.

• Define Variable Compensation plans.

• Define or update trees.

  Note: The Tree Definition is used to further breakdown your eligible population into groups that will be assigned role access (for example, Submitter, Reviewer, Confirmer, and so on) to enter and approve proposals.

• Define eligible compensation groups using PeopleSoft Group Build.

• Define cycle funding.

• Specify the approval and delegation process that will be used.

• Use summary analytics to review the compensation data contained in the cycle.

• Maintain alerts and notifications.

• Make sure ePerformance document types have been defined if the cycle is applying ePerformance integration (optional).

  Note: eCompensation integrates with ePerformance to drive funding based on performance achievements. This integration also enforces proposal guidelines.

• Run the Load Salary Updates and Awards process.

  Note: This process loads salary updates to the Job and Compensation History records of employees and award updates back to the PeopleSoft Variable Compensation application. The system applies the updates and integrates the information with payroll.