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What 're the pament plan , pay group ,paymnet Batch and pay sheet we need simple definintion for eac

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Ginger alan
Ginger alan Silver Medal
edited Jun 3, 2023 8:46PM in Incentive Compensation 1 comment

Answers

  • Anand Bharadwaj
    Anand Bharadwaj Silver Medal
    edited Jun 2, 2021 9:16AM

    Payment plan- used to define min and max payments. Creation and assignment is optional

    Pay Group- defines the frequency of payment. Assignment to participant is mandatory

    Paysheet- Participant paysheet gives the details of payments to participant by component

    Payment Batch- Group of paysheets aggregated together for payment purpose.