Workforce Compensation Setup and Maintenance Tasks
Complete these setup tasks to enable managers to award compensation within the regular compensation cycle.
| Task Name | Description | Recommended Help |
|---|---|---|
| Manage Workforce Compensation Lookups | Review and maintain lookup values for budget audit history, such as initial budget and budget distributed by manager. | |
| Workforce Compensation Plans | Create and maintain compensation plans and associated budget details. | |
| Configure Compensation History | Specify the payroll elements and input values that make up a worker's compensation history. | |
| Configure Global Compensation Settings | Configure properties, such as stock price and watchlist availability, that apply to all group compensation plans. | |
| Configure Compensation Batch Processes | Configure processing parameters, such as the maximum number of errors allowed, for each batch process. | |
| Elements | Review predefined earnings and deduction elements and create new ones, using a questionnaire that automatically generates the related balances, formulas, and other components. | |
| Fast Formulas | Review predefined formulas and create new ones to validate or calculate data for benefits, human resources, absences, or payroll. | |
| Derived Factors | Create and update application-calculated eligibility criteria that can change over time, such as participant age or length of service. | |
| Manage Action Reasons | Review predefined action reasons that track changes to data, and create new ones. | |
| Profile Rating Models | Create and update models for rating the performance, potential, and proficiency level of workers. |
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: