When the compensation cycle is in the Completed or Approved status, managers can send reward letters to each employee's Message Center. You can configure several different reward letter templates with customized content. Templates can be attached to different compensation cycles so that you can provide specific details for the employees receiving the reward.
Role feature access: Compensation Setup > Reward Letter Templates
When you first go to the Compensation Setup > Reward Letter Templates feature, Dayforce shows a system default reward letter template.
You can click Copy in the toolstrip to create a copy of the system default template and then modify the elements to suit your organization’s needs, or you can create a blank template and then add content.
If rounding rules are configured for the compensation cycle, add a disclaimer in the body or footer of the reward letter stating that rounding has been applied.
The following rounded values are shown on reward letters:
- Salary increase (amount): Amount and allocated %
- Hourly rate increase: Amount and allocated % (the allocated % is based on the rounded amount)
- Total bonus payout: Percentage and amount (system or custom bonus plan)
- Bonus eligible salary (in the Bonus Details section): System or custom bonus plan
- Proration factor (in the Bonus Details section): System or custom bonus plan
- Equity rewards: Quantity and amount, calculated using the rounded proration factor
When configuring reward letters for your organization, you can: