Compensation Plan Parameters

These settings that you make using the Manage Parameters task in the Setup and Maintenance work area affect plan assignment, rate tables, and plan import.

• Numeric Precision for Rates

  Enter the number of decimal places to be used when entering rates in a rate table.

• Default Option for Plan Import Conflict Resolution

  You can import compensation plans to your current business unit from another environment or a different business unit. The import includes all descendant objects. If a descendant object already exists, you can either reuse the existing one or create new objects for each.

  • Reuse

  • Create

    If the object exists, then the new one is created with same name plus an appended suffix. Credit categories are always reused.

Plan and Component Assignment

You can specify which individualization option to apply in the Participant Snapshot work area by default. These values apply only to new records and don't affect existing records. New records include any new participant assignment to a plan or new plan component added to an existing participant plan. You can override these settings for individual participant plans in the Participant Snapshot work area.

• Default State for Individualizing Plan Target Incentive

  If you set to Yes, then Individualize target incentive is selected for you for any new participant assignment to a plan. Edits to the main plan don't overwrite your individualized target incentive or component target incentive percentage.

• Default Individualized Plan Components

  You have four selections to set the default to individualize a plan component:

  • None

    No individualized data is overwritten by base plan changes.

  • All

    Base plan changes override transaction (event) factors, commission rates, and goals including those defined for intervals and periods.

  • Rates

    Base plan changes override commission rates.

  • Goals

    Base plan changes override goals including those defined for intervals and periods.

• Default Participant Plan Approval Status

  Select one of these approval statuses as the default for when you assign a participant to a plan.

  • Ready to Publish

    Indicates a participant was assigned the plan.

  • Submitted

    Indicates the analyst submits an approval or distribution request.

  • In Progress

    The plan document is going through the approval hierarchy.

  • Accepted

    The participant accepts the plan document.

  • Rejected

    The participant rejects the plan document.