Bonuses

Throughout the bonus period, employees and managers can make changes to bonus objectives, for example, track the percent complete. At the end of the period, you must update bonus objectives with a percent complete. You must specify a date of completion if percent complete is 100 and provide a rating, if the goal is rated.

You can create bonus objectives only for bonus objective pay components that have been defined as employee-initiated or both employee and manager-initiated. You can create the bonus objectives directly in Compensation or attach goals that have already been created in Goal Management.

The difference between these two methods is that goals created in Goal Management can provide more flexibility for bonus objectives. For example, you can provide external results or use action plans.

See Infor HR Talent User and Administration Library (Cloud and On-premises) and select User > Goal Management.

Bonus objectives should be approved. If you submit bonus objectives, your manager must approve them. If your manager submits bonus objectives, then you must approve them.

You indicate when the bonus period is complete. Your manager must then make the bonus objectives period available for payout. Your manager can complete your bonus objectives period on your behalf.