Best Practices for Planning Statement Definitions

You need to consider certain statement elements and options when you plan how many different total compensation statement definitions to create and the presentation of content in each.

These are the statement elements and options to consider:

• Statement audience

• Statement definition details

• Statement periods

Statement Audience

You can create different statement definitions for different statement audiences. Use the following two methods, individually or in combination, to limit the statement audience:

• Attach an eligibility profile to the statement on the Statement Options tab.

  Example: Within a business unit, you create separate statement definitions for individual contributors and executive level workers by:

  1. Creating eligibility profiles that differentiate between individual contributors and executive workers.

  2. Attaching each eligibility profile to the corresponding statement definition.

• Use the following population filter parameters to specify your audience when you generate statements:

  • Business unit

  • Benefits group

  • Legislative data group

  • Country

  • A person selection formula that you define

  • A single person that you select

Statement Definition Details

Build the statement hierarchy of categories and items appropriate for the audience. Configure table and graphical displays, descriptive text, and supplemental information.

Statement Periods

Configure statements to cover any period of time by specifying start and end dates on the statement definition Periods tab. You can create multiple periods at one time. For each statement period, further specify:

• An optional statement period display name

  Example: Name the period 2011 Annual Statement rather than the default display of start and end date.

• The date that statements become available to workers

• The conversion rate date for currency conversions

• An optional welcome message.