Get Started with Redwood for Oracle Cloud HCM Begin Now
To ensure that questions get required attention from community members and are NOT left unanswered, it’s important for the author to indicate (by selecting “Yes” or “No” when prompted) whether the question was answered. (newly added) Please note that it is also important to respond to EACH comment your question receives. Your Yes or No response ensures an accurate status for your question.
For more information, please refer to this announcement explaining best practices for getting answers to questions.
For more information, please refer to this announcement explaining best practices for getting answers to questions.
Performance based Bonus implementation
Summary
Looking for contacts who've implemented bonus payouts based on achievement of goals/performanceContent
Hello,
We have Goals (performance & org), Performance & Compensation all implemented globally. We are looking for resources (contacts or documentation) to guide us on the best practices around implementing performance based ‘bonus plans’. We would like a subset of our employees to be able to enter specific weighted goals and subsequently completion %’s/results, and then perform some formulaic calculations on this data to determine bonus payouts. Curious if folks use Goals and then perform the calculations in Performance, and/or Compensation, or via any other configuration options. Any advice to point us in the right direction would be greatly appreciated.
Tagged:
3