Reporting Profit Sharing

This section discusses how to run profit sharing reports.

Compensation administrators are responsible for providing all eligible employees with details of their profit sharing amount when these are calculated, or when an employee leaves the organization.

The Individual Profit Sharing report provides all the necessary information for individual employees. This is the same information that the employee can access online using the Request Fund Release option.

PeopleSoft also provides the Agreement Profit Sharing report for administrators. This report lists all the employees that are eligible for a selected agreement, or all eligible employees with the same fund status. This is a useful way to generate a list of employees who have requested a fund release, employees who are in error, or employees whose funds are to be transferred. The Agreement Profit Sharing report includes the status of the employees, gross and net profit sharing amount, deductions and investment methods.

You can only run these reports if the status of the reference period is set to Computed, which means that the Compute Global Fund and the Distribute Global Funds processes have been run.

Page Name

Definition Name

Usage

Individual Report Page

RUNCTL_WP_IND_RPT

Use this page to run the Individual Profit Sharing Report (WP0001FR). This report is delivered each year to employees to inform them of their entitlements.

Agreement Report Page

RUNCTL_WP_AGRT_RPT

Use this page to run the Agreement Profit Sharing Report (WP0002FR).

Use the Agreement Report page (RUNCTL_WP_AGRT_RPT) to use this page to run the Agreement Profit Sharing Report (WP0002FR).

Navigation:

Compensation > Profit-Sharing FRA > Manage Profit Sharing > Agreement Report > Agreement Report

This example illustrates the fields and controls on the Agreement Report page. You can find definitions for the fields and controls later on this page.

 Agreement Report page

Field or Control

Description

Agreement ID

Select the agreement on which you want to report.

Reference ID

Select the reference period for the report.

Fund Status

Select the status from the available values if you want to run the report for funds of a certain status. Otherwise, leave this field blank to include funds of all statuses.

Employee ID

Select the employee you want to report on or leave blank to run the report for all eligible employees.