Defining external metrics for compensation programs
Use this procedure to define external metrics for a compensation program. You can specify external metrics for a compensation program or for an individual resource.
You can also create external metrics from the setup forms.
- Select Compensation > Incentive Compensation > External Metrics > Program Metrics.
- Click Create.
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In the Compensation Program External Metric form, specify this
information:
- Compensation Program
-
Select the compensation program that requires an external metric such as sales attainments or period revenue.
- Version Date
-
Select the version for the compensation program.
- Pay Component
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Select a pay component for the external metric.
- Type
-
Select the attainment based on this metric record to look up the payout amount from the compensation table.
Select Other Amount to refer to amounts used on compensation formulas.
- Compensation Period
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Required. Select the compensation period for this metric.
- Date
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Specify the date on which the metric is valid.
- Description
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Specify a description for the metric.
- Numeric Value
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Specify a number for the metric. The value that you specify depends on the table type for this pay component. For example, if the table type is Numeric Step + Alpha Value, specify both numeric and alpha attainments.
- Alpha Value
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Specify an alphabetic value for the metric. The value that you specify depends on the table type for this pay component. For example, if the table type is Numeric Step + Alpha Value, specify both numeric and alpha attainments.
- Percent Value
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Specify a percent for the metric. The value that you specify depends on the table type for this pay component. For example, if the table type is Percent Interpolation, specify a percent value.
- Click Save.