Steps for Using Matrix Goals

Here are the high-level steps for using a goals matrix to manage a variable compensation plan:

1. Define goal IDs on the Goals page.

2. Define the goals matrix option on the Plan Definition page.

   To define the goals matrix:

   1. Select Goals Matrix as the plan goals type.

   2. Define the number of columns that you want to set up in the matrix.

3. Set up the goals matrix on the Plan Goals - Matrix Goals page or the Plan Goals with Groups - Matrix Goals page.

   1. Enter the goal IDs that you use to evaluate performance.

   2. Establish a weighting percentage for each goal ID (the cumulative total of the weights for all goals must equal 100 percent).

   3. Enter the threshold, target, and stretch performance level percentages for the number of matrix columns that you define for the plan.

   4. Identify the measurable performance level values for each goal at each performance percentage level.

4. On the Payout Schedule page, identify a payout schedule that represents the amount of award that a plan member would receive at the various performance levels.

5. On the matrix goal attainment pages, enter the goal attainment value for each goal.

   The system performs these calculations:

   1. Determines the performance score for each goal.

   2. Sums the scores of all goals.

   3. Determines the payout formula.

6. Calculate the award using the payout formula by running the Calculate Awards process.

7. Determines the performance score for each goal