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Best Practice for setting up second year Workforce Compensation plans

edited Jun 22, 2021 6:55PM in Compensation 2 comments

Summary

Best Practice for setting up second year Workforce Compensation plans

Content

What is the best practice for setting up Workforce Compensation plans each year?

  • Do you duplicate existing plans and change plan cycle dates for the new year?
  • How do you archive previous year plans and set up the new year plans?
  • Do you end date Plan Cycle dates for the old year and then add a new row for new Plan Cycle dates?
  • How do we retain/access employee history in the plan for audits?

Version

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