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Best Practice for processing Grade Step Progression and COLA on same effective date in a WFC plan

in Compensation 7 comments

Summary:

Looking for best practices on how to use Workforce Compensation to create a compensation plan that allows you to process both grade step progression to reflect the new grade and grade salary rate and also a COLA that is effective the same day.

Content (please ensure you mask any confidential information):

Does anyone have any suggestions on how best to manage this requirement for a client. In reviewing documentation Oracle https://docs.oracle.com/en/cloud/saas/human-resources/24a/faiwc/base-salary-new-column-when-you-update-the-grade-step.html#u30239216 it references that it it automatically fetches the Step value as the new base salary based on certain conditions subject to these conditions:

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