Description of Fields on the Add Compensation Item Page
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Description of Fields on the Add Compensation Item Page
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Note:
Fields are available or disabled based on selections.
Code - Enter a compensation item code. This unique identifier will be used constantly to identify compensation items.
Name - Enter a name that is descriptive and easy to identify.
Compensation Group - Select a group to associate the compensation item to. Compensation Groups are setup using the Compensation Groups page and are used to categorize compensation items for reporting purposes.
Account - Select a leaf level account member, which stores all results.
Note:
When loading Workforce Budget data to Planful, link each compensation item with a relevant natural account in the General Ledger to synchronize data between the Workforce Budgeting module and Operational Budgeting.
Compensation Basis - See Compensation Basis Examples and Description of Fields below.
Statistical Compensation - Enables the Aggregate Formula field to select the formula to associate with the statistical compensation item used for headcount purposes.
Apply Pay Plan - Allows budget users to modify the spread by compensation item.
Set as Global Constant - Prevents budget users from modifying a rate.
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