How to put reccuring elements on a schedule?

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Good day, 

Could you please advice me how I can put reccuring elements on a schedule if we don't use "Automatic entry for all eligible workers" option while creating an element. For example, we have an Individual Compensation Plan (allowance) that should be paid each month to the eligible employee. The first element will be created while Compensation Manager assigns the Individual plan to Employee and then it should be assigned automatically each month. How this can be configured in the system?

Thank you!