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Currency Conversion Rates applied to Individual Compensation Plans

Accepted answer
edited Sep 5, 2022 6:43AM in Compensation 8 comments


Currency conversion used on Individual Compensation Plans

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Hello experts,

I am creating an Individual Compensation Plan to allow managers to grant their direct reports a discretionary bonus. The elements tied to the Individual Compensation Plan are in local currency, while the managers should grant this bonus in $.

I have researched this community and I found plenty of resources related to conversion rates applied to Workforce Compensation Plans (thank you for all the valuable knowledge out here) but I was not able to find anything related to Individual Compensation Plans and currency conversion rates.

Therefore, I was wondering if it is possible to apply currency conversion rates to Individual Compensation Plans and if so, can anyone please guide me on how this can be achieved? There is nothing on the Individual Compensation Plans configuration screen to suggest this is possible.

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