Understanding Fixed Amount

• Every Month: Select this if employees will receive compensation money on a monthly basis.
• Based on Hire Month: Select this if employees will receive compensation based on the month they are hired. For example, perhaps employees are not eligible for certain benefits until they've been employed for 6 months.
• Based on Position Start Month: Select this if employees will receive compensation based on the month they started working. For example, perhaps employees are not eligible for certain benefits until they've been on the job for 6 months. This is helpful when you have delayed start dates
• Month: Select any of the months within the list as the payment month.

• Based on Hire Month: Select if employees will receive compensation based on the month they are hired. For example, a one time sign-on bonus.
• Based on Position Start Month: Select if employees will receive a one-time compensation based on the month they start on the job.
• Based on Position End Month: Select if employees will receive a one-time compensation based on the month they end the job. For example, perhaps there is a paid time off accrual that is paid out on the ending month for that position.

By default, for existing compensation items, the Calculation Basis is based on the position start data for a Fixed Amount and Fixed Amount per FTE Compensation Basis’s. The default Calculation Basis is None for Fixed Amount Based on Employee Attribute.

By default, for new compensation items, the Calculation Basis is based on the position start date. For example, take an employee who started on June 3rd, 2014. That employee is counted as .93 versus 1 as the employee did not work the first couple of days in the month/period.

Select from the options below:

• None: Only physical headcount is recorded for each period. So, if an employee only works for 15 days out of the month, the employee is still considered a full headcount irrespective of the days actually worked.
• Position Start: This calculation basis counts an employee's headcount based on their actual start date. For example, take an employee who started on June 3rd, 2014. That employee is counted as .93 versus 1 as the employee did not work the first couple of days in the month/period.
•  Active End of the Period: The option checks whether the employee worked on the last day of the period. If so, the Compensation View report will display the employee as an active employee or full headcount. If not, say the employee only worked for the first 15 days of the month, that employee will not be recorded for that month. So, if the employee started on June 3rd and was counted as 1 for the month of June. Then, the employee left the organization halfway through the month of September and therefore was not counted at all for that period. This means that even partial period days worked are not counted.
• Active Beginning of the Period: If an employee starts on the first day of the period, then that employee is an active employee or full headcount. If an employee starts on the 15th of the month or any day after the 1st day of the month or period, the employee is not counted at all. This means that even partial period days worked are not counted.

• Fixed & Equal for All Employees: Fixed amount value is the same for all employees.
• Fixed & Different for Each Employee: Fixed amount varies by each employee
• Varies Annually & Equal for All Employees: Enter the fixed amount to calculate for each effective period or link to a global field by selecting the checkbox.
• Varies Annually & Different for Each Employee: Select an attribute as the source value for the calculation.

Enter the amount of compensation employees will receive per month or link to a global field.

When the Link to Global Field is selected, you can select a global field to apply to the relevant field. Click here to learn more about this option.