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Run Rates based Salary process and Generate HCM rates

Summary:

With respect to Salary determined by Rates, when to specifically use Run Rates based Salary process and Generate HCM rates.

Content (please ensure you mask any confidential information):

Hi,

I am currently working on Rates based salary basis that has rate definition with elements. In workforce Compensation, with custom columns made available, Managers submit Merit increase for different rates contributing to overall salary. After 'Transfer Workforce Compensation data to HR', element entries with updated values are created. Now, to reflect these updated rates in salary, which process is to be run:


a. Run Rates based Salary process in Compensation Module

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