You can enter employee ratings and assignment changes during a compensation award cycle, or enter them separately, depending on how your business operates. You can:
Create a plan that includes tasks for managers to enter performance ratings, job changes or promotions, and compensation awards at the same time.
This plan design speeds up the annual review process because managers can submit, review, and approve all changes that affect a person's compensation at once. Doing these tasks together helps managers award compensation to employees in the position, job, or grade equitably, and reduces the amount of plan design setup required.
Create a plan that only allows managers to process job changes and promotions.
This plan design enables you to schedule a compensation period to only process job changes and promotions, before you process compensation awards. This is helpful when you base compensation limits or recommendations on an employee's assignment information.
Performance ratings and assignment changes can cross global plans. If you want the values your managers enter in one plan to show in another plan, you enter the same effective date for ratings and assignment changes for each plan on the Timing tab of the Plan Enrollment Requirements window.