Workforce Compensation Plan Cycle Dates

You determine various aspects of workforce compensation cycles, such as plan access and eligibility, when you configure plan cycle dates. You can reuse workforce compensation plans across multiple cycles, with a unique set of dates for each cycle.

Here's a comprehensive list of the dates you can set.

Date	Description
Evaluation Period Start and End Dates	Period in which, such as a calendar or fiscal year, a quarter, or a month, when you can evaluate groups of people for compensation allocations. Typically, fast formulas use these evaluation periods. Informational only.
Plan Access Start and End Dates	Read-only period when managers can see their active plans. For example, they can review their people and contextual information to prepare for upcoming allocations.
Worksheet Update Period Start and End Dates	Active period when managers and administrators can make changes to their active plans.
HR Data Extraction Date	When the Start Workforce Compensation Cycle process initially extracts person and assignment data from HR employment records, and places it in the compensation tables. Also the date that the Refresh Workforce Compensation Data process uses to update the data already in the compensation tables.
Eligibility Determination Date	When the Start Workforce Compensation Cycle and Refresh Workforce Compensation Data processes evaluate the specified employment records to determine people's eligibility status.
Currency Conversion Date	When the Start Workforce Compensation Cycle and Refresh Workforce Compensation Data processes obtain conversion rates from the general ledger daily rates table. Plans use the rates to convert monetary amounts for different currencies.
Performance Rating Date	Date that identifies which workforce compensation plans share changes to compensation performance rating. Plans with the same date share any rating changes. To include performance rating information in compensation change statements, you need to select a date. But, the date doesn't affect the sharing of development and performance ratings between Oracle Fusion Performance Management Cloud Service and the workforce compensation plan.
Default Promotion Effective Date	When the Transfer Workforce Compensation Data to HR process sets everyone's job, grade, and position changes to take effect. Date the Start Workforce Compensation Cycle and Refresh Workforce Compensation Data processes use to get the new salary range, compa-ratio, and salary metrics for people whose grade changed. To make proposed promotions available in multiple plans when managers promote people, use the same date across the plans. Also, you can let managers override this date when you configure worksheet column properties. Or you can set an override date when you run the Transfer Workforce Compensation Data to HR process.
Default Due Date	When managers need to submit their plan changes. You can configure different due dates by hierarchy level. Optionally, you can notify managers when a date changes.
Market Composites Effective Date	When the Start Workforce Compensation Cycle process extracts market composite information. It places the information in the compensation tables according to job or position, and location or segment.