Close a Workforce Compensation Cycle
Administering workforce compensation is an iterative process. It involves preparing for the cycle, administering individuals and workforce compensation plans during the cycle, and closing the cycle. Follow these steps to close the cycle. The tasks are in .
| Step | Task |
|---|---|
| Confirm that all primary managers for the workforce compensation plan submitted their plan changes and the changes are approved. | View Administration Reports > Status and Monitoring > Manager Status report |
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Release centrally managed and stored compensation change statements to managers and then individuals. Reduce transfer errors for changes to the workforce compensation plans by refreshing workforce compensation data before transferring changes to HR. You should also refresh data if you let salary changes happen outside the workforce compensation cycle or the HR data had many changes. Transfer workforce compensation data to HR. You can transfer data by compensation type, such as elements, salary, stock, performance ratings, and promotion. You can also use different HR actions with each transfer and transfer data for specific populations using inclusion criteria. Tip: Changes that you make to an individual's HR data using
the Administer Workers task apply to only that assignment, plan, and
cycle. They don't transfer back to HR. To make the changes
permanent, you need to change the data in Global Human
Resources.
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Run Batch Processes:
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| Track transferred workforce compensation data and resolve any errors. To get an overall view of the processed assignments and assignments remaining to process, you can use the Consolidated Posting Summary report. | View Administration Reports > Data Processed reports |
| Close the workforce compensation cycle for each plan by setting the Cycle Status to Closed. | Active Plans |