In compensation worksheets, Dayforce shows compensation plan details for bonus pay components that were configured to calculate bonuses based on the compensation plan assigned to the compensation cycle. See Compensation Plans for Compensation Cycles.
Based on the effective date records configured for the assigned compensation plan, the following plan details are shown in the worksheet for employees who are eligible for a bonus in the payout period after the compensation cycle is published:
- Compensation plan name
- Bonus eligible salary
- Target bonus
- Proration factor
- Bonus factors
- Name
- Weight
- Guideline
- Bonus Pay
- Total Payout
- Total bonus payout for the compensation plan
Note: These values aren't shown for employees who aren't eligible for bonuses during the plan payout period.
Dayforce shows an information icon (
) next to each of the calculated values in the worksheet. Click the icon and Dayforce opens a tooltip with the calculation details.
The values in the Bonus Pay column can’t be edited for bonus factors based on metrics. However, you can update the bonus pay values by importing new values in the Metrics Data tab of Compensation Setup > Compensation Metrics. This import can be done even after the compensation cycle is published. See Update Bonus Factors. For bonus factors based on direct values, you can edit the bonus pay values that are configured to allow editing.
If the compensation plan in the payout period is configured to use Percentage of Total Pay as the target payout, the worksheet shows an information icon in the Bonus Eligible Salaries column which contains the calculations based on the applicable earning codes.
If the compensation plan in the payout period is configured to use Amount as the target payout, the worksheet won't show the Bonus Eligible Salary column, and a percentage value in the Target Bonus, and Total Payout columns.
If the Apply Target Bonus and Apply Funding checkboxes were selected for a plan-based or target bonus-based pay component in the Budget Calculations section in the Pay Components tab of Compensation Setup > Compensation Cycles, the worksheet shows the Funding column: