1. Using Common Features for HCM
  2. How You Let Managers Track Off-Cycle and On-Cycle Compensation Against a Budget

How You Let Managers Track Off-Cycle and On-Cycle Compensation Against a Budget

Here's how you can enable managers to track off-cycle and on-cycle awards when they review their budget pool.

  1. Create the workforce compensation plan using the Workforce Compensation Plans task in the Compensation work area.

    1. Configure the plan details.
    2. Configure the budget pool.
    3. Create at least one worksheet compensation component and associate the budget pool with it.
    4. Run the Start Compensation Cycle process.
  2. After you start the compensation cycle, associate the budget pool with an individual compensation plan option. Use the Individual Compensation Plans task in the Compensation work area. Select the budget pool when you add or edit the relevant plan option.