Defining rate progression waiting periods

Use this procedure to define a waiting period for a step and grade schedule.

  1. Select Compensation > Set Up > Step and Grade Schedules > Rate Progression Rules.
  2. On the Waiting Period tab, click Create.
  3. On the Waiting Period Rule form, specify this information:
    Effective Date

    Specify an effective date for the rate progression entry rule.

    Plan Entry Rule

    Specify a name and description for the plan entry rule.

    Start Date Option

    If there is a waiting period, select the date on which the waiting period is based.

    Unit Type

    Select a unit for the waiting period; for example, days, weeks, and so on.

    Number of Units

    Specify the number of days, weeks, and so on of the waiting period.

    First of Month

    Select the box if the plan entry starts on the first of the month.

    Entry Month Day Point

    If the waiting period is a fixed date (for example, October 1), select the specific calendar dates that must be met for the waiting period.

    Nearest Point

    If you use points for the waiting period, identify if the nearest point before (prior) or after (next) the requirement is met will be used.

  4. Click Save.