Compensation analyst tasks for bonus awards with incentive compensation
This table outlines the compensation analyst process for creating bonus awards with incentive compensation.
Note:
For bonus awards that do not use incentive compensation, see Compensation planning and awarding process overview.
| Step | Task | Where? |
|---|---|---|
| 1 | Define a planning rule as a bonus award. | |
| 2 | Attach the planning rule to a view. | |
| 3 | Optional. Create the guidelines based on a performance rating. | |
| 4 | Optional. Create validations. | |
| 5 | Define a pay component as a bonus award. | |
| 6 | Define a compensation program. | |
| 7 |
Attach the pay component to a compensation program. Include the planning rule and version. Note:
The planning rule must be attached before you can finalize payouts. |
|
| 8 | Import the attainments; for example, business unit scores. | |
| 9 | Calculate payouts. | |
| 10 |
Finalize the pending payouts. Note:
This step creates resource budget records. |
|
| 11 | Review the resource budget records and make the manager compensation planning records available. | or |