Issue in Run rates based salary process’: updated Element entries are not picked up

Summary:
Rates based salary basis has rate definition with elements. New Element entries are created through workforce compensation. Run Rates based salary process failed to pick up updated element entries’ values.

Content (please ensure you mask any confidential information):
We Configured rates based salary basis for India. Rate Definition has 4 rates which are based on elements of type ‘Standard’: Basic Salary, HRA (40% of basic salary), travel allowance, flexi special allowance. One derived rate: Overall Salary.
  In workforce compensation plan, Compensation Override and default fast formula is attached to user defined columns to extract current rate amount and display onto worksheet. When managers enter percentage increase value, dynamic columns calculate proposed rate. For each proposed rate I mapped respective element. Upon submitting and manager approval of worksheet, and executing Transfer workforce compensation data to HR batch process, element entries are created.