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Workforce Compensation with simple components and Individual Worker Display

edited Dec 1, 2022 4:25AM in Compensation 18 comments

Summary:

Salary basis is defined with 'Salary Basis Type' ='Salary amount is determined by simple components'

Content (required):

Components are defined as Basic, HRA, PF, Allowance etc. with 'type' = 'User enters Amount', 'User enters percentage', 'overall Salary'


Compensation plan is configured for merit increase, and properties of column 'Compensation Amount - Component' are as below

Post as salary = Yes

Salary include simple component = Yes, manager entets simple components


Configured Individual Worker Display so that simple components (from salary basis) should be provided to line manager/comp manager to input salary revision.


Comp plan cycle is started and budget is defined and ready to provide salary increase in compensation worksheet / Individual Worker Display screen.

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