Guidelines to Configure the Eligible Salary Component Columns

Many fast formulas and dynamic column conditions use eligible salary to determine percentages, such as allocation, target, and worker budget percentages. So when you use percentage columns, you need to configure the Eligible Salary column for each component enabled in the plan.

For example, you make eligible salary equal to each individual's current base pay. Or you might prorate their eligible salary according to various factors, such as length of service or geographic location. You need to configure the Eligible Salary column when the component budget pool stores budgets as percentages.

• To use a fast formula or derived factor to determine default values, you configure the column properties. You can copy and modify delivered samples of eligible salary proration formulas using the Fast Formula task in the Compensation work area. Use the samples with the Compensation Default and Override formula type.
• To build conditions that determine each individual's eligible salary, you configure the dynamic column settings.
• Worker budget percentages