- 2 Minutes to read
- Print
- DarkLight
- PDF
Pay Plans
- 2 Minutes to read
- Print
- DarkLight
- PDF
Play Plans define how you want to pay out compensation items to your employees. They determine how compensation items are spread in budget periods. Pay Plans can be applied at the employee level or the compensation item level. If no Pay Plan is mapped, then the Salary Calculation Basis is used to pay out amounts each period.
The default monthly spread is defined as the Salary Calculation Basis on the Configuration Tasks page where the value is equal to monthly, workdays, or calendar days. For example, Paid Time Off might have a different pay-out schedule compared to other regular compensation items.
- To prioritize the new pay plan you create over the selection on the Define Workforce Planning Budgeting Criteria Configuration Task page, just set the Salary Calculation Basis to Equal Monthly.
- Set up pay plans for all years within your template.
Once you navigate to the Workforce Planning Setup area, go to the Pay Plans tab.
How-Tos
Refer to the following how to's for quick reference:
- How to Map A Pay Plan At The Employee Or Compensation Item Level?
- How to Use Pays Setup to Calculate Salary Differently for Salaried Versus Hourly Employees?
Now, let's explore all the options on the Pay Plans tab:
This option is used to add an employee type. Let's see how you can add a pay plan.
- Set the Salary Calculation Basis on the Define Workforce Planning Budgeting Criteria page.
- Click the Add icon and the Add Pay Plan page appears.
- Fill in the Add Pay Plan Code and Add Pay Plan Name fields as required.Note:Choose the Pay Plan Code name carefully because once saved, it cannot be edited.
- Click Save to save the changes and return to the Pay Plans page.
This option is used to edit an existing employee type.
- Select the pay plan you want to edit.
- Click the Edit icon and the Edit Pay Plan page appears.
- Edit the Pay Plan Name fields as required.Note:The Pay Plan Code field cannot be edited.
- Click Save.
This option is used to delete the employee type.
- Select the pay plan you want to delete.
- Now, click the delete icon. A confirmation message appears on the screen to confirm the deletion.Note:You cannot delete a pay plan if it is mapped to the employee(s).
This option is to add the payout schedules.
Once you create a pay plan using the Add option, you need to add the payout schedules. Click here to learn about the purpose of pay setup and to understand the different options on the Pay Setup screen and how to complete it.
This option simplifies your search process. By clicking the Apply Filter option, you can narrow down your search results by pay plan type and code.
The search fields appear below the Pay Plan Code and Pay Plan Name columns, making it easier for you to find your pay plan.
These options allow you to export the Pay Plans' data.