Defining flat amounts based on factors
Note:
Lump sum rules are ignored if a salary structure is not on the work assignment.
- Select Compensation > Set Up > Compensation Planning > Planning Rules.
- Open the planning rule.
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On the Lump Sum Payment
Rules tab, right click and select Create Flat
Amount Based on a Factor Rule.
Note: The Lump Sum Payment Rules tab is displayed only if you select the Allow Lump Sum Payments check box on the Options tab.
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Specify this information:
- Eligibility Group
- Select an eligibility group for the lump sum payment.
- Factor Type
- Select whether the lump sum is based on a performance rating or a salary structure grade.
- Percent of Salary Range Threshold
- Specify the percentage for the salary range threshold.
The lump sum is created when the resource's new base rate of pay exceeds the salary structure maximum at this percentage. For example, if the salary structure maximum is 100,000 and the threshold is 90%, a lump sum is created when the resource's new rate exceeds 90,000.
- Click Save.
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If the factor type is a performance rating, the performance
ratings attached to the rating scale defined on the Planning
Rule form will display.
- From the Performance Rating Factors list, update the pay code and amount for each performance rating.
- Click Save.
If the factor type is a salary structure code:
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Create a record for the applicable salary structure.
The grades associated with the salary structure are displayed.
- From the grades list, update the pay code and amount for each grade.
- Click Save.