Understanding Fixed Amount per FTE

Compensation Payment

Recurring

• Select Every Month if employees will receive compensation money on a monthly basis.

• Select Based on Hire Month 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.

• Select Based on Position Start Month 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

• Select a month as the payment month.

One Time

• Select Based on Hire Month if employees will receive a compensation based on the month they are hired. For example, a one time sign-on bonus.

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

• Select Based on Position End Month 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 which is paid out on the ending month for that position.

Calculation Basis

1. Position Start:

   For example, take an employee that 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.

2. 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 half-way 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.

3. 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.

4. 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.

Value Criteria

Select whether the compensation basis is fixed or if it will change from year to year.

Amount Per Month

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