Standard Rates for Compensation Workbench

You can define standard rates to meet a variety of business needs for a Compensation Workbench plan. Most rates display fixed or enterable amounts that appear as columns in the self-service interface. You can also base a rate on a multiple of compensation that uses a derived compensation factor you have defined.

The activity type you select when you define a standard rate determines how Compensation Workbench uses the rate.

When you define Compensation Workbench standard rates for certain global plan structures, you must alkso define a compensation category. You can choose from Salary Change, Bonus, Stock Option, Other, Combination Plan, and Option Level Component. You must define this because the worksheet, history page, and the Compensation Workbench Post Process use the compensation category to determine the type of compensation that you award under the plan. For example, if the application does not automatically calculate the new salary on the worksheet, then it is probably because you have not defined the compensation category.

For Basic Plans, when you define Standard Rates with the Activity Type of CWB Worksheet Amount or an Additional History Element, you must provide a Compensation Category of Salary Change, Bonus, Stock Option, or Other.

For Component Plans, the plan level CWB Worksheet Amount Standard Rate must have a Compensation Category of Salary Change, Bonus, Stock Option, or Other. You must define Option Level Component as the option level CWB Worksheet Amount Standard Rate.

For Combination Plans, you do not define a plan level CWB Worksheet Amount Standard Rate. The option level CWB Worksheet Amount Standard Rates compensation category must be either Salary Change, Bonus, Stock Option, or Other.

Rate Types

CWB Worksheet Amount

This rate stores an employee's award amount.

If you attach an element and input value to the rate, then the Post Process Batch job will create an element entry in Oracle HRMS and pass the allocation as the entry value. Use this rate if you define a plan that allocates compensation of any type, for example Stock Options or Bonus. For salary plans or salary options, do not attach an element to this rate. You do not require this rate if the plan is non compensation plan, such as a Performance Appraisal Plan.

You can associate a minimum and maximum rule for rates with this activity type to set a range that managers can allocate to employees. If you select a Min Max Value Rule in the Standard Rates window, then when you run the participation process, the application automatically calculates the minimum and maximum values that managers can allocate to employees. If the Minimum, Maximum, or Default values vary based on Criteria, then attach the rate to a Variable Rate Profile.

You can use the Default value as an initial amount that appears on the worksheet. You can use this with a Calculation method of Multiple of Compensation. You can use a Calculation Method of Rule to default to the worksheet amount based on any fast formula. Use rules to supply the worksheet amount.

The Rounding Code is multi-functional, and rounds off the amount you enter. It also controls if the amounts display with decimals. To change the number of decimal places to which the application rounds all amounts, you configure the precision (number of decimal places) for a currency using the Define Currency window in Oracle GL. Rounding codes larger or equal to Round to the nearest One suppress the decimal amounts to display the amount as a whole number. You must ensure that the Increment and Rounding Codes are consistent. Use the Currency Precision field on the Plan Administration page to designate the number of decimal places to display when rounding salary amounts when converting the amount from pay frequency to plan frequency.

Compensation Category determines how rates display in history, as well as apply special processing logic required for Salary Plans such as calculation of the New Salary column on the worksheet.

CWB Distribution Budget

This activity type stores the budget amount or percent of eligible salaries issued by a high-level manager to another manager.

If you auto-issue budgets, define the Distribution Budget rate so that it is equal to the Worksheet Budget rate. Leave the Enter Value at Enrollment and Enter Annual Value fields unchecked. Enter the auto-issue percent or amount in the Flat Amount field.

Use the Preserve Budget Column field on the Plan Enrollment Requirements window to set whether the application stores budgets as amounts or percents.

Required? Required if budgeting
Maximum Defined Per Plan or Option One
Assign on Enrollment Recommendation Clear
Enter Value at Enrollment Recommendation Clear (Selected for auto-issued budgets)
Override Recommendation Selected
Unit of Measure Recommendation Shares or Blank if monetary
Attach elements? No

CWB Worksheet Budget

The total monetary or share amount available to a manager to distribute to employees.

If you auto-issue budgets, define the Worksheet Budget rate equal to the Distribution Budget rate. Leave the Enter Value at Enrollment and Enter Annual Value fields unchecked. Enter the auto-issue percent or amount in the Flat Amount field.

Required? Required if budgeting
Maximum Defined Per Plan or Option One
Assign on Enrollment Recommendation Clear
Enter Value at Enrollment Recommendation Selected (Clear for auto-issued budgets)
Override Recommendation Selected
Unit of Measure Recommendation Shares or Blank if monetary
Attach elements? No

CWB Reserve

A reserve enables a manager to retain a certain amount of money or shares in a budget for distribution at a later time.

If you define distribution rates for components (options in plan), you must define reserve rates at the same level. If you auto-issue budgets, you should not define a reserve rate since managers will not have access to the Budget sheet to reserve any portion of their budget.

Required? Never required
Maximum Defined Per Plan or Option One
Assign on Enrollment Recommendation Clear
Enter Value at Enrollment Recommendation Selected
Override Recommendation Selected
Unit of Measure Recommendation Blank or Shares
Attach elements? No

CWB Eligible Salary

This activity type is required if you distribute budgets by percentage, and recommended for bonus and salary plans if you budget by amount.

If you define Worksheet Amount rates for components (options in plan), you must define Eligible Salary rates at the same level.

The Eligible Salary rate uses a derived compensation factor to determine an employee's eligible salary. You can prorate an employee's salary based on length of service using a FastFormula rule to determine their eligible salary.

Required? Required if distributing budgets by percentage
Maximum Defined Per Plan or Option One
Assign on Enrollment Recommendation Clear
Enter Value at Enrollment Recommendation Clear
Override Recommendation Clear
Unit of Measure Recommendation Blank
Attach elements? No

CWB Stated Salary

Use for salaries that can be converted to a different frequency than the one set in a person's pay basis. The stated salary is stated as of a specific date and is usually a multiple of a compensation factor. Use stated salary if you want an amount other than eligible salary. Unlike eligible salary, you cannot prorate stated salary.

Required? Never required
Maximum Defined Per Plan or Option One
Assign on Enrollment Recommendation Clear
Enter Value at Enrollment Recommendation Clear
Override Recommendation Clear
Unit of Measure Recommendation Blank
Attach elements? No

CWB Other Salary

Used when eligible and stated salary are not sufficient to display the result of a calculated derived factor in Compensation Workbench.

Required? Never required
Maximum Defined Per Plan or Option One
Assign on Enrollment Recommendation Clear
Enter Value at Enrollment Recommendation Clear
Override Recommendation Clear
Unit of Measure Recommendation Blank
Attach elements? No

CWB Misc Rate 1, 2, and 3

You can define miscellaneous standard rates to use for storing any numeric value in Compensation Workbench, for example, vacation hours, performance ratings, or length of service. Miscellaneous rates often require a FastFormula rule to derive a value. You can rename these columns in the self-service interface.

Required? Never required
Maximum Defined Per Plan or Option One of each
Assign on Enrollment Recommendation Clear
Enter Value at Enrollment Recommendation Clear
Override Recommendation Clear
Unit of Measure Recommendation Blank if monetary, or use any value--this has no impact on processing
Attach elements? No

CWB Recommended Amount/Target Amount

Displays minimum and maximum recommended compensation increases or awards on the worksheet. Often, recommended rates use variable rate profiles--based on a percentage of a multiple of compensation--to derive the recommend increase based on an employee's compensation.

You can associate a minimum and maximum rule for rates with this activity type to set a range that managers can allocate to employees. If you select a Min Max Value Rule in the Standard Rates window, then when you run the participation process, the application automatically calculates the minimum and maximum values that managers can allocate to employees. For example, if your calculation method is Multiple of Compensation, the Operator is Multiply By, select Default as the Target, and enter .01 as the minimum and maximum values, then the application calculates the target as 10% of compensation.

If you define Worksheet Amount rates for components (options in plan), then you must define Recommended Amount rates at the same level.

A manager can distribute a recommended amount using the Allocation Wizard.

Required? Never required
Maximum Defined Per Plan or Option One
Assign on Enrollment Recommendation Clear
Enter Value at Enrollment Recommendation Clear
Override Recommendation Selected
Unit of Measure Recommendation Blank or Shares
Attach elements? No

CWB Total Compensation

The total of a person's compensation stated as a monetary amount. You must define a derived factor that provides the total through a balance or a FastFormula rule. Attach this derived factor to the rate that uses this activity type.

Required? Never required
Maximum Defined Per Plan One
Assign on Enrollment Recommendation Clear
Enter Value at Enrollment Recommendation Clear
Override Recommendation Selected
Unit of Measure Recommendation Blank
Attach elements? No

CWB Additional Element History

Displays element entry history for compensation elements. The Compensation Category you define determines the history group in which the details display, for example, bonus, stock option or other compensation history.

Use this to display element entries that are not already linked to a Standard Rate. To do this, you must define a plan type called CWB History Plan Type, and a plan called CWB History Plan, and link the plan to the CWB History Plan Type. For each element entry, you want to display in history, define a standard rate with an activity type of CWB Additional History Elements. Ensure you define an element entry and an input value, and use a calculation method of No Standard Value Used. Define the Compensation Category as Bonus, Stock Option, or Other Compensation to determine the appropriate history grouping