Getting Started

The Compensation module allows compensation administrators to configure flexible compensation cycles that provide guidelines and decision support to managers as they allocate their assigned budget to employees. Managers are provided with a worksheet that includes a variety of tools and graphics to help them ensure that they are compensating employees fairly and consistently when they allocate their budget for salary or hourly rate increases and bonuses.

Workflow showing the compensation process for administrators and managers.

The functionality available for each role in the cycle, as well as the setup required to get started, are described in more detail in the following sections of this guide:

Compensation setup features and user role functions
Section	Description
Manager Experience	This section provides information about: Manager worksheets in Compensation Viewing calculated values in worksheets Changing the worksheet currency Entering performance ratings for employees Entering experience levels for employees Reviewing market data for employees Viewing compensation plan details for bonus pay components Allocating budget to employees Promoting employees Exporting worksheet data Submitting worksheets for approval Reviewing allocation changes by other users Generating, sending, and saving reward letters
Senior Manager Experience	This section provides information about: The senior manager view of Compensation Adjusting manager allocations in worksheets Exporting your organization's worksheet data Approving employee promotions Approving manager worksheets
Administrator Experience	This section provides information about: The Compensation Cycle Administration feature Accessing pervasive learning for Compensation Reopening worksheets Adjusting manager allocations and promotions in worksheets Modifying the organization hierarchy and budgets for published cycles Locking, approving, and posting rewards for compensation cycles Exporting worksheet data Viewing worksheets of all managers in a single worksheet The Compensation Plan Administration feature Exporting and importing compensation plan assignment dates Updating employee plan eligibility dates Configuring employee plan target bonus overrides Editing target bonus overrides for a single and mulitple employees Exporting and importing employee plan target bonus overrides Generating reports
Compensation Configuration	This section provides information about: The Compensation Setup features Configuring compensation guidelines Configuring reward letter templates Configuring compensation metrics and compensation plans Configuring equity types and vesting schedules Configuring rounding rules to round equity allocations Configuring compensation cycles Configuring worksheet approval workflows Configuring target bonuses Configuring market data Configuring reward history data Assigning compensation notifications Assigning compensation role features