Compensation Process

Definition

The compensation process defines:

Use

The compensation process distributes remuneration according to your company’s compensation policies.

Structure

The compensation process includes the following elements:

 

Element

Definition

Compensation plans

Determine which employee records are updated

Frequency

Determines how often the process is run

Budget type

Determines what type of budget is used by the process

Process type

Determines what type of process is being performed

Compensation area

Determines the logical grouping (for example, country, subsidiary) to which the process applies

Eligibility rule

Determines which employees to select