Understanding Fixed Amount per FTE

• Every Month: Select this option if employees will receive compensation money every month. 
• Based on Hire Month: Select this option if employees will receive compensation based on the month they are hired. For example, this can be used when employees are not eligible for certain benefits until they've been employed for 6 months. 
• Based on Position Start Month: Select this option when employees will receive compensation based on the month they started working. This is particularly useful when certain benefits become available only after a specific period on the job, such as 6 months, and accommodates delayed start dates. 
• Month: Select any of the months within the list as the payment month.

This option is used for one-time compensation payments. The following are different options available:

• Based on Hire Month: Select this 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 this if employees will receive a one-time compensation based on the month they start on the job.
• Based on Position End Month: Select this 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.

Select any of the following options for Calculation Basis:

• Position Start: This option checks the initiation date of an employee's role within an organization, with adjustments made for partial months worked, usually prorated based on the number of days worked compared to the total days in the month. 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 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.
• 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 worked.
  

Select the Fixed option if the compensation basis is fixed or the Varies Annually option if it will change from year to year.

Enter the amount full-time employees will receive per month or link to a global field.

Link the amount per month value to a global field. For example a benefit rate or sign-on bonus.