Calculate Profit Sharing for Mexico
Here are the sequence of steps you need to follow to calculate profit sharing for Mexico.
S.No | Steps | Requirement and Sub Steps |
---|---|---|
1 |
Enter profit sharing calculation values in the PSU Organization card. |
Mandatory |
2 |
Enter profit sharing calculation values in the TRU Organization card |
Optional This step applies only if a Highest Average Salary has been agreed at TRU level (different from the value set in PSU). |
3 |
Submit the Calculate Mexico Profit Sharing task flow |
Set the Create Element Entry parameter to No and repeat steps 3, 4 and 5 as needed. |
4 |
Verify Profit Sharing results |
Optional |
5 |
Roll back Calculate Mexico Profit Sharing |
Optional |
6 |
Submit the Calculate Mexico Profit Sharing task flow |
After the results are verified, run the process setting the Create Element Entry parameter to Yes. |
7 |
Rename the ElementEntry.txt HCM Data Loader text file with a .dat extension. |
Optional This step is not required if you want to create the element entries by the Profit Sharing process. |
8 |
Upload the ElementEntry.dat Profit Sharing HCM Data Loader file |
Optional This step is not required if you want to create the element entries by the Profit Sharing process. |
9 |
Rename the PayrollInterfaceInboundRecord.txt HCM Data Loader text file with a “.dat” extension. |
Optional Complete this step if you’d like to be able to review employee’s profit sharing information in the application. |
10 |
Upload the PayrollInterfaceInboundRecord.dat HCM Data Loader file |
Optional Complete this step if you’d like to be able to review employee’s profit sharing information in the application |