Calculating payouts by compensation period
Use the following procedure to calculate payouts by compensation period.
To calculate payouts by compensation period
- Select Compensation > Incentive Compensation > Payouts > Calculate Payouts.
- Click the By Compensation Period tab.
- Select the compensation periods for which to calculate payouts.
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On the Calculate Payout form, specify this information:
- Default Payment Date
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Required. This date defaults from the compensation schedule period if it is specified there. You can change it here.
- Exclude Resources in Group
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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
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Select the date as of which you want to determine group eligibility; for example resources terminated as June 15, 2018.
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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.
- To view calculation errors, click the Errors tab.
- 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.
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Finalize the pending payout records.
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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.
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To mass finalize payout records, select Compensation > Incentive Compensation > Payouts > Finalize Payouts. See Finalizing payouts for multiple pending payout records.
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