Defining rate progression rules based on performance rating 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
- Specify a long and short description for the rule.
- Version Date
- Specify a version date.
- Currency
- Select a currency for the rate progression.
- Active
- Indicate whether the rate progression is active.
- Click Save.
- On the Rules tab, select Create > Create Rule Based On Performance Rating.
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Specify this information:
- Group
- Select the eligibility group for which the rate progression applies.
- Performance Rating
- Select a performance rating rule or click Define to create a new rule. For example, an employee is moved to the next step only after achieving a Distinguished rating. See Defining performance rating 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
- Select this check box if lump sum payments can be made after the employee reaches the top step for a grade.
- Pay Code
- To link the lump sum payment to a pay code, type it here. You can place a pay code on the payment record for use when interfacing to a payroll application.
- Calculation Option
- Select the way in which the lump sum amount is calculated. For example, percent of base pay or flat amount.
- Lump Sum Rate by Factor
- 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
- 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.