Variable Compensation Plans

With the flexible Variable Compensation (VC) business process in PeopleSoft HR, you can create and manage multiple VC plans that encompass everything from one-time, ad hoc awards to stock options, bonus plans, non-cash incentives, and holiday gifts or bonuses, among other possibilities.

You can create anything from a simple, direct payout plan to a complex plan with prorated eligibility, three possible goal levels, funding allocation, smoothing mechanisms, and approval processing. You can define any number of payout formulas and assign them to workers individually or through groups.

The Variable Compensation business process in PeopleSoft HR offers flexibility in designing variable compensation plans. Select from a variety of methods of:

• Selecting plan types.

• Determining plan membership.

• Using goals.

• Selecting other plan business rules and options.