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Configure Plan Cycles: Workforce Compensation
Summary
Impact of plan cyclesContent
Hello,
I have a question regarding plan cycle dates.
What impact does the 'HR Data Extraction Date' have if the 'Evaluation start and end date' is outside of this date?
For example, let's say I have the following:
Evaluation Period Start Date: 01/01/2020
Evaluation Period End Date: 12/31/2020
HR Data Extraction Date: 01/01/2021
The only thing we have are fast formulas that calculate from 01/01/2020-12/31/2020 for the evaluation period start dates. The business would like to extract the HR data in a future date because there are a lot of promotions that happen on January 1st of every year and want reflected in the comp tool as of 01/01/2021.
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