Important: After you lock and approve a compensation cycle, you can no longer make changes to it, so ensure that the cycle is complete and accurate before beginning this process.
After all of the worksheets in the compensation cycle are completed, you can lock the worksheets in the Compensation Cycle Administration feature. Locking the compensation cycle ensures that the details can no longer be changed by other users and allows you to review and approve the cycle with confidence.
To lock and approve a compensation cycle:
- Go to Compensation Administration > Compensation Cycle Administration.
- Select the compensation cycle that you want to approve.
- In theMy Organization tab, click Lock in the toolstrip.
- The Lock button is replaced with Unlock, and the Approve button is added.
- Note: You can click Unlock to unlock the cycle and make budget or organization changes.
- When you’re satisfied that the cycle is complete and accurate, click Approve to approve the cycle.
When you click Approve, Dayforce updates the status of each worksheet to Approved and sends a notification to managers to let them know that they can now share reward information with their employees. The Reward Letter button is also enabled in both Compensation and Compensation Cycle Administration for the associated worksheets.
Further, the Unlock and Approve buttons are replaced with the Post button in the My Organization tab toolstrip, which you use to initiate the posting process for the cycle. See Post Pay Components to HR or Payroll.