Individual Compensation Setup and Maintenance Tasks
You can let people award compensation outside of the regular compensation cycle and manage personal contributions. To do this, complete these setup tasks in the sequence listed.
| Task Name | Description | Recommended Help |
|---|---|---|
| Elements | Create legislative data group (LDG) payroll elements to use when you configure individual compensation plans. For example, create recurring standard earnings to handle vehicle or gym allowances. Create information elements to handle stock grants and to store nonmonetary information, such as durations or points. Create recurring voluntary deductions to handle savings plans and charitable contributions. And create nonrecurring voluntary deductions to handle onetime charitable contributions. | |
| Configure Actions | Optionally add HR actions that specify access to individual compensation plans. For example, you can add the Transfer action to a moving allowance plan to make the plan available when people transfer someone using that action. | |
| Eligibility Profiles | Optionally create eligibility profiles to define criteria that decide whether a person qualifies for the linked individual compensation plan option. For example, identify appropriate vehicle allowance options based on people's job title and proximity to a specific office. | |
| Document Types | Optionally create document types to link with options for individual compensation plans. You can then request or require people proposing allocations for the options attach supporting documents. Approvers can use the documents when deciding to approve or reject the proposals. For example, set up a vehicle allowance option to require a vehicle details document. | |
| Individual Compensation Plans | Create the individual compensation plans that let managers and HR specialists award compensation outside of the regular compensation cycle. For example, let managers give spot bonuses or grant stock shares. | |
| Manage Task Configurations for Human Capital Management | Optionally change default approval workflows to support your individual compensation allocation policies. For example, automatically approve personal contributions. And route individual compensation and administer compensation allocations for approval. | |
| Manage Profile Options | Enable the applicable individual compensation actions controlled by profile options. For example, allow people to submit more personal contributions while other contributions are still pending approval. Enable only people with relevant security privileges maintain individual compensation in HR actions that have the section. And prevent people from submitting a Personal Contribution, an Individual Compensation, or an Administer Compensation action without making changes. | |
| Map Third-Party Plans | Create maps between plans and plan components to transition third-party plans to individual compensation plans. |
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Security Reference
The tasks that people can do and the data that they can see depend on their roles, duties, and privileges. For information about these factors, see these two guides: