Calculating payouts by pay components

Use this procedure to calculate payouts by pay components.
  1. Select Compensation > Incentive Compensation > Payouts > Calculate Payouts.
  2. Click the By Pay Component tab.
  3. Select the pay components for which to calculate payouts.
  4. Click Calculate Payout.
  5. On the Calculate Payout form, specify this information:
    Compensation Period Range

    Select the periods to calculate. For example, to pay the first quarter for a quarterly pay component, type 1 and 1.

    Scheduled Payment Date Range

    Select the payment date range for which to calculate payments. These dates correspond to dates specified on the compensation schedule.

    Default Payment Date

    Required. This date defaults from the compensation schedule period if it is specified there. You can change it here.

    Exclude Resources in Group

    Select any resources for which you do not want to calculate payouts. For example, you might have a group of terminated resources.

    As Of Date

    Select the date as of which to determine group eligibility; for example resources terminated as June 15, 2018.

  6. Click OK to run the action immediately, or click Schedule to run the action at a later date or on a regular schedule, for example, nightly.

    When the action is completed, the payouts are created in Pending state.

  7. To view calculation errors, click the Errors tab.
  8. To view the factors included in an individual payout record calculation, open the payout record on the Payouts panel, scroll to the bottom of the page and click Payout Calculation Factors.
  9. Finalize the pending payout records.

    • To finalize selected records, select Compensation > Incentive Compensation > Payouts > Maintain Payouts, select the records to finalize on the Pending Payouts tab, and select the Finalize Payout action.

    • To mass finalize payout records, select Compensation > Incentive Compensation > Payouts > Finalize Payouts. See Finalizing payouts for multiple pending payout records.