This activity is used to define Compensation Types. You can list the individual Compensation Types that should be included in the list.
You can select from a list of the Compensation Types defined here when registering and modifying compensation
records in the Compensation tab within the Employee File page or in the Employee
Salary Information page.
Compensation types can be added, edited, deleted, duplicated, or made active/blocked.
Any Compensation Types, including Base Salary or any other types such as bonuses or commissions can be defined
here.
A Base Salary Compensation Type must be defined as such by turning on the toggle switch in the ‘Base Salary’ field.There can only be one Base Salary Compensation Type defined. A Base Salary Compensation Type cannot be deleted or Blocked after saved.
Dependent Compensation Types are compensation types that can be calculated as a percentage of a Base Salary.
These can be defined by turning on the toggle switch in the ‘Calculate from Base Salary’ field.
A default percentage can be defined for dependent compensation types in the ‘Percentage’ Field.
If you wish to keep the default percentage of a dependent compensation type editable when saving compensation
records in the Compensation tab within the Employee File or in the Employee Salary Information pages, turn the
toggle switch on in the ‘Change Default Percentage’ field. If you wish to lock the default percentage
to prevent any changes to the percentage of a dependent compensation in the pages mentioned above, turn off the
toggle switch.
If you wish to include this Compensation Type in the Salary Increment Budget calculation, turn on the toggle switch
in the ‘Include in Budget’ field.
If you require this Compensation Type to be displayed in the Salary Review, turn on the toggle switch in the
‘Show in Salary Review’ field.
There are no prerequisites.
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