Overview of Workforce Compensation Models

Building compensation models can help you align your budgets and compensation allocations with organizational pay practices and guidelines.

You can determine manager budgets based on criteria, such as performance ratings or current compa-ratios of eligible people in their organizations. You can also automatically allocate compensation amounts according to each person's country, job, grade, and quartile.

You can create, update, and apply models to any workforce compensation plans set up to include models. The Models page list any models you created. It also lists any global models that compensation managers created and made available for you to use. These global models let you allocate budget, target amounts, or compensation amounts for your enter plan population.

You work with models using the Models task on the landing page of the workforce compensation plan or the Models actions on worksheet toolbars. You create global models using the Global Models task in the Compensation work area.