Before You Begin: To complete this process, you must have one or more compensation plans configured with effective date records that are within the compensation cycle period. The org structure must be generated for the cycle to determine eligible employees for the compensation plan in the Organization tab of Compensation Setup > Compensation Cycles. See Organization.
You can assign compensation plans to compensation cycles in the Pay Components tab of Compensation Setup > Compensation Cycles. When you add a new pay component and select the Bonus reward type, Dayforce shows the Source field. Select Compensation Plans as the source, and additional fields are shown where you can select a plan, payout period, and so on, for the compensation cycle. See Bonus Pay Component Fields.
After the plan is selected, budgets can be generated based on the target bonus and bonus eligible salary configuration for the compensation plan. See Budgets.