New Participant Assignment Checklist

Compensation managers and analysts assign new participants to everything required to receive compensation.

Assign the new participant to each of the following objects:

• Compensation plan

  You can assign a participant to more than one compensation plan. Typically, you assign only one plan to cover a date range.

• Pay group

  The participant must belong to a pay group to be included in payment batches that generate the paysheets. Only one pay group can be active for a participant at a time.

• Credit rule

  The credit rule defines how to match transactions the participant receives credit for.

• Payment plan

  A payment plan contains rules for payment draw, recovery, and cap amounts. It's optional.