Defining percent of base pay rate based on factor rules
Lump sum rules are ignored if a salary structure is not on the work assignment.
- Select Compensation > Set Up > Compensation Planning > Planning Rules.
- Open the planning rule.
-
On the Lump Sum Payment Rules
tab, right click and select Create Percent of Base Pay Rate Based on a Factor
Rule.
Note:
The Lump Sum Payment Rules tab only appears if you select the Allow Lump Sum Payments check box on the Options tab.
On the Create Percent of Base Pay Based on a Factor Rule form, specify this information:
- Eligibility Group
-
Select an eligibility group for the lump sum payment.
- Factor Type
-
Select whether the lump sum will be based on a performance rating or a salary structure grade.
- Percent of Salary Range Threshold
-
Specify the percentage for the salary range threshold.
The lump sum is created when the resource's new base rate of pay exceeds the salary structure maximum at this percentage. For example, if the salary structure maximum is 100,000 and the threshold is 90%, a lump sum is created when the resource's new rate exceeds 90,000.
- Click Save.
-
If the factor type is a performance rating, the performance ratings
attached to the rating scale defined on the Planning Rule form will
display.
- From the Performance Rating Factors list, update the pay code and amount for each performance rating.
- Click Save.
Use this procedure if the factor type is a salary structure code:
- Create a record for the applicable salary structure. The grades associated with the salary structure appear.
- From the grades list, update the pay code and amount for each grade.
- Click Save.