Factor Displayed for Derived Rate Definitions
You can now view the factor configured in the derived rate definition - return details as a percentage when proposing or viewing salary on Redwood pages. By default, the configured factor doesn't show.
Default Change Salary Page Not Showing Configured Factor for a Derived Rate Definition
Change Salary Page Showing the Factor Configured in the Rate Definition as a Percentage
Compensation Page Showing the Configured Factor as a Percentage after the Salary Change Is Created
This enhancement promotes transparency.
Steps to Enable
You need to set the site-level value to Yes for the ORA_CMP_RSAL_DRVD_FACTOR profile option. Go Setup and Maintenance > Tasks panel Search > Manage Administrator Profile Values.
Tips And Considerations
- This enhancement shows the derived rate factor as a percentage in the salary section of Redwood pages.
- The factor defined at the derived rate return details level, not the contributor level is what appears as a percentage, even when there is only 1 contributor available.
- The percentage value is available only when salary with rate-based components are (1) created on Redwood pages, using HCM Data Loader, or using REST services and (2) after the feature is enabled. It isn't available for rate-based components created before the feature is enabled, even if the components were created on Redwood pages.