Defining rate progression rules based on hours threshold rules
- Select Compensation > Set Up > Step and Grade Schedules > Rate Progression Rules.
- On the Rate Progression tab, click Create.
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Specify this information:
- Rate Progression Rule
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Required. Specify a long and short description for the rule.
- Version Date
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Specify a version date.
- Currency
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Select a currency for the rate progression.
- Active
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Indicate whether the rate progression is active.
- Click Save.
- On the Rules tab, select Create > Create Rule Based On Hours Threshold.
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Specify this information:
- Step And Rate Group
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Select the eligibility group for which the rate progression applies.
Note:Eligibility groups (also called custom groups) must defined by the administrator in Infor HR Talent Set Up.
- Hours Threshold
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Select an hours threshold rule, or click Define to create a new rule. When you create the rule, you determine how you update the hours balance after the resource reaches the threshold. See Defining hours threshold rules.
- Waiting Period
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If basing the rule on a waiting period, select the waiting period or click Define to create a new one. See Defining rate progression waiting periods.
- Allow Lump Sum Payments
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Select this check box if lump sum payments are allowed after the employee reaches the top of the range.
- Pay Code
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To link the lump sum payment to a pay code, Specify it here. Then you can place a pay code on the payment record for use when interfacing to a payroll application.
- Calculation Option
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Select the way in which the lump sum amount is calculated (percent of base pay or flat amount).
- Lump Sum Rate by Factor
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Select whether the lump sum is based on a performance rating or a step and grade schedule. If you select No, everyone receives the same amount, which you specify in the Rate field.
- Lump Sum Rating Scale
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If you selected By Performance Rating in the Lump Sum Rate Factor field, you must select the rating scale by which the performance is rated.
- Rate
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If you selected No in the Lump Sum Rate by Factor field, specify the rate.
- Click Save.
- If you selected By Grade On Step and Grade Schedule in the Lump Sum Rate By Factor field, click the Lump Sum by Factor for Grades link. For each grade where you want to apply a lump sum, select the grade and specify the amount or percentage to be applied to the last step of the grade.
- If you selected By Performance Rating in the Lump Sum Rate Factor field, click the Lump Sum by Factor for Performance link. For each performance level where you want to apply a lump sum, select the performance level and specify the amount or percentage to be applied to the last step of the grade.