Defining bonus objective goals

  1. Select Compensation > Incentive Compensation > Bonus Objectives > Bonus Objective Periods.
  2. On the Active panel, select a resource and click Create Bonus Objective.
  3. On the Create Bonus Objective screen, specify this information:
    Goal
    Specify a short description of the goal.
    Goal Type
    Select the type of goal.
    Note: The goal types that you can select for this process only have the Use For Bonus Objective option selected. The selection list does not show goal types that also have the Use Action Plan, Use External Results, or Approve Goals By Year options selected. To use a goal type that uses any of these options, except Use For Bonus Objective, you must create the goal in Goal Management and then use the Attach Bonus Objective action.
    Goal Category
    Select the goal category.
    Note: If goal categories are specified on the bonus objective pay component, you must select a goal category that matches one of the pay component goal categories.
    Start Date, Due Date
    The bonus period start and end dates default to the start date and due date. You can specify other dates within the bonus period date range.
    Description
    Specify a description of the bonus objective.
    Expected Result
    Specify the goal outcome.
    Specific, Measurable, Attainable, Relevant, Timebound
    Select the SMART rating factors that apply to the bonus objective. When the bonus objective is created, the system computes a SMART rating based on the selected rating factors.
    Align With Organizational Goal
    If this goal is aligned with an organizational goal, select the organizational goal.
    Note: The organization goal must be defined for the resource's organization unit to display in the select list.
    Bonus Objective Weight
    Select a weight for the goal. All bonus objectives for a single period must be defined with weights or amounts.
    Note: If you select a goal category and the pay component has set minimum, maximum, and aggregate values for the goal category, the weight you specify must fall within these restrictions. A message is displayed if you are in error. The maximum weight cannot exceed the aggregate weight.
    Bonus Objective Amount
    Specify the objective amount. All bonus objectives for a single period must be defined with weights or amounts.
  4. Click OK.
  5. Continue adding goals, if applicable, as defined in steps 4 to 6.
    Note: The total weight of all the goals must equal 100%
  6. After all of the objectives are defined for the period, change the status of the objective period to Pending, if you want the resource or manager to review the bonus objectives first, or to Approved to approve the bonus objectives.