Before You Begin: For bonus factors based on a compensation plan, you must also ensure that the updated bonus values have been imported in the Metrics Data tab of Compensation Setup > Compensation Metrics. See Import Metrics Data.
Role feature access: Compensation Administration > Compensation Cycle Administration > Update Bonus Factors
In Compensation Administration > Compensation Cycle Administration, you can update the payouts of metric type bonus factors for pay components that are based on a compensation plan. You can update the bonus payout values even after the compensation cycle is published.
To update the bonus factors in compensation worksheets:
- Go to Compensation Administration > Compensation Cycle Administration.
- Open the compensation cycle that includes the worksheet for which you want to update the bonus factors.
- In the My Organization tab, select the worksheet in the organization hierarchy.
- Click Update Bonus Factors in the toolstrip. Dayforce opens the Update Bonus Factors dialog box.
- Note: The Update Bonus Factors button is available for the organization and for individual manager worksheets. This button only shows for the worksheet if the pay components for the compensation cycle are configured based on compensation plans. The Update Bonus Factors button is disabled if the compensation cycle has already been approved.
- Select the checkbox next to the metric type bonus factors to update the bonus factors.
- Click OK.
- Click Refresh in the toolstrip to show the updated bonus payout values, the total payout for the bonus factors, and the total payout for the compensation plan in the compensation worksheet.
Note: If the compensation cycle is unpublished and then republished, the bonus payout values are calculated based on the most recently imported metrics data in Compensation Setup > Compensation Metrics.