Active Workforce Compensation Plans
To see the active workforce compensation plans and the status of their plan cycles, use the Active Plans task in the Compensation work area. You can also use this task to make these changes for a specific plan cycle:
- Cycle status
- Approval, submit, and withdraw modes
- Plan, component, and budget pool display order
- Currency conversion rates
The changes you make with this task don't apply to the source plan configuration.
Currency Conversion Rates
Plan worksheets can show converted currency amounts and the currency conversion rates. They also use the rates to calculate the amounts in the Budget Amount - Worker column. And the Transfer Workforce Compensation Data to HR process posts amounts in each person's local currency. Thus, the plan cycle has to include currency conversion rates. If you don't populate the rates using the Manage Daily Rates task, you can manually add them on the plan cycle Active Plans page.
When you first run the Start Workforce Compensation Cycle process for the plan cycle, the process populates the appropriate workforce compensation table. It loads the daily rates in effect at that date and time. Here's how you can update the table and plan cycle worksheets with the most recent daily rates:
- On the Active Plan page, Currency Conversion Rates tab, click the Refresh button. To update the table with manually added and changed currency conversion rates, save the changes you made on the tab.
- Run the Refresh Workforce Compensation Data process with the Refresh summary totals option selected to update the plan cycle worksheets with the most recent rates.