Compensation Workbench

Sample setup of Combination Plan

Swetha Bollineni
This includes..

Used Vision Corporation Business Group, and Vision corporation data.
Date Tracked to 01-Jan-2007 for setup
Create a Plan - Test Combination Plan
Create 2 Options Test Salary Increase, Test Bonus
Create Standard Rates at Option Level
Create recommended amount for Option 1
Allocate Compensation, Rate Performance, Assignment change,
Employees Used Stock Ms. Pat acted as Super User, distributed budget
for John Mr. Patt also.
Allocated compensation, rate performance and assignment change for
Franklin, Mrs. Alicia
Used Participation process and Post Participation Process
Records of Franklin, Mrs. Alicia 1569
Check the Navigation and notes in Note area.

Create Life-Event
Define Plan Period
Create Plan Type
Define Derived Factor
Create Option 1 Test Salary Increase
Create Option 2 Test Bonus
Create a Plan

Check eligibility factor
Not a Program
Add periods for Plan
Define Tasks
Add Plan Eligibility
Define Plan Enrollment
General
Coverage
Rates
Hierarchy
Budget
Performance
Miscellaneous
Define Standard Rates
Worksheet Budget for Option 1
Calculation method
Distribution Budget Option 1
Calculation method
Worksheet Amount Option 1
Calculation method
Option 1 Worksheet Amount Processing Information
Worksheet Budget for Option 2
Calculation method
Distribution Budget Option 2
Calculation method
Worksheet Amount Option 2
Calculation method
Option 2 Worksheet Amount Processing Information
Eligible salary Option 2
Calculation method
Eligible salary Option 1
Calculation method
Recommended/Target amount for Option 1
Calculation method
Run CWB Participation process
Login to Super user
HR Professional V4.0 Responsibility

Eg: Vision Corporation (PSTOCK, welcome)
CWB Home page
To get access for Set Budget Task Click on Employee Administration Link
1. Set Budget Task
Select Budgeting Method
Budget Summary Table
Budget worksheet
Publish to Managers
Confirmation..
2. Allocate Compensation
Option 1 Amount
Option 2 Amount
3. Rate Performance Task
4. Assignment Change task
Review and Submit Task
6. Approval
Run Post Process For Specific Employee
Eg: Franklin, Mrs. Alicia Emp Id - 1569
View Result
Query the Record of Franklin, Mrs. Alicia whose
Employee Id - 1569
Salary Administration
Date Track
Salary Administration with new salary from 01-Feb-
2008
Element Entry
Element Entry values Regular salary
Element Entry values Bonus
Date Track to next pay period to check bonus element
in element entry
Run Close enrollment process to close the
plan