Administer Individuals and Plans During a Workforce Compensation Cycle
Administering workforce compensation is an iterative process. It involves preparing for the cycle, administering individuals and workforce compensation plans during the cycle, and closing the cycle. Follow these steps to administer individuals and plans during the cycle. The tasks are in
.Step | Administration Report or Task |
---|---|
Validate the global models. | Global Models |
Review various plan statuses and monitor plan data:
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Status and Monitoring:
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Make sure that allocations fall within compensation policies and any defined targets for all workforce compensation plans active during the compensation cycle. This includes any defined target amounts and ranges as well as pay equity rules. | Compensation Analysis reports |
Monitor budget pools for all workforce compensation plans active during the compensation cycle. | Budget Consumption Report |
Review and address and performance rating and promotion issues for all workforce compensation plans active during the compensation cycle. | Promotions and Performance reports |
Refresh workforce compensation data for all workforce compensation plans active during the compensation cycle, at the determined intervals and for the determined refresh options. The process updates existing worksheet data for the specified workforce compensation plan and cycle. You might need to run it if you let salary changes happen outside the workforce compensation cycle, or if the HR data had many changes. |
Task: Run Batch Processes > Refresh Workforce Compensation Data Supporting report: Batch Process Monitoring > Refresh Workforce Compensation Data Process |
Determine if or when to start the cycle to evaluate new assignments for a specific workforce compensation plan active during the compensation cycle. |
Report: Batch Process Monitoring > Start Compensation Cycle Process Supporting task: Run Batch Processes > Start Workforce Compensation Cycle |
Monitor the apply model process if you let managers create and apply models for workforce compensation plans active during the compensation cycle. Monitoring is especially important when worksheet population sizes might be larger than the configured batch limit. |
Report: Batch Process Monitoring > Apply Model Process Supporting task: Workforce Compensation Plans > Configure Models |
Monitor individuals who were reprocessed or added to a new plan manually, for any processing issues. | Batch Process Monitoring > Reprocess or Add New Plan Data |