Elements, Balances, and Formulas

·       Earnings and Deduction Elements

 

Base Pay

·       Explain salary basis

·       Describe salary components

·       Manage base pay

·       Set up grade rates

·       Manage Salary Range Differentials

·       Explain Progression Grade Ladders

·       Manage Grade Ladder Groups

·       Perform Progression Processes

·       Configure Compensation Zones

 

Individual Compensation

·       Explain individual compensation plans

·       Describe variable allocation approvals

·       Configure compensation history

·       Manage personal contributions

·       Configure individual compensation

 

Workforce Compensation

·       Explain compensation plan design choices

·       Manage and administer compensation plans

·       Set up plan cycles

·       Configure budget page layouts

·       Configure performance ratings

·       Implement approvals

·       Administer compensation plans

·       Configure plan access

·       Manage compensation change statements

·       Configure compensation worksheets

·       Manage models and budgets

 

Total Compensation Statements

·       Explain total compensation statements

·       Manage statement definitions

·       Generate total compensation statements

·       Configure compensation items

·       Set up compensation categories

·       Workforce Compensation Plans and Batch Processes

·       Validate workforce compensation plans

·       Implement compensation processes

·       Execute related batch processes