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Input value of ICP not defaulting in Redwood UI

Summary:

We have created a defaulting formula of type "Element Input Validation" and attached at the element's Eligibility level of the payroll element. This element is used in Annual Incentive ICP that we have created as well. When adding an individual compensation on the employee, using the old UI under person management > Compensation > IndividualCompensation, the input values are defaulting as expected based on the logic of the fast formula.


But when using the Redwood UI Individual Compensation Page, the input values are not defaulting.


Are there any steps we need to do in order for the defaulting formula to work on the Redwood UI Compensation Page?

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