Create Equity Types

Role feature access: Compensation Setup > Equity Setup

In the Equity Types tab of Compensation Setup > Equity Setup, you can configure your organization's different types of equity to award employees.

To add an equity type:

1. Go to Compensation Setup > Equity Setup.
2. In the Equity Types tab, click Add. A record is added in the left-side panel, and the configuration fields are shown to the right.
3. In the General section, do the following:
   1. Name: Enter a name for the equity type.
   2. Allocation Type: Select Cash in the drop-down list. This allows you to allocate currency values to employees.
   3. Reference Code: Enter a unique reference code for the equity type. Third-party equity systems use this code to identify the equity awarded to employees.
   4. Note: Don’t use special characters such as hyphens in reference codes.
   4. Active: (Optional) By default, the checkbox is selected, and the equity type is active. You can clear the checkbox to set the record as inactive. Only active equity types are available when configuring equity pay components for compensation cycles.
   5. Description: (Optional) Enter a description for the equity type.
4. Click Save. The equity type is added to the left-side panel in alphabetical order.

You can use the Active/All switch to toggle between active equity types and all equity types.

Note: You can edit equity types by clicking the record in the left-side panel and editing the details on the right even after the compensation cycle is published. The changes are shown in the compensation worksheets.