To create a Plan Type:As the Compensation Administrator, you can set up Compensation History to display information for entries created from the Element Entries window. For example, you can view information about commissions and automobile allocations in the Others sub-tab. To do this, you must set up a Plan Type, a Plan, and an additional Standard Rate.
Note: The system uses the following Plan Type and Plan to process the entries.
To configure this, use the following guidelines:
To create a Plan Type:Enter a Name for the Plan Type. For example, History Bonus, History Stock, or History Others.
Select Compensation Workbench or Individual Compensation Distribution as the Option Type.
Note: You require to select either of these to ensure that the system processes these entries.
Select the most appropriate Compensation Category. This determines the sub-tab on which the compensation history will appear.
To create a Plan:Enter a Name for the Plan. For example, History Bonus, History Stock, or History Other.
Select Inactive as the Status.
Select the Plan Type you defined earlier.
Note: Ensure that you also set up Plan Enrollment Requirements and a Standard Rate before you proceed further.
See: Defining Plan Enrollment Requirements
See: Defining Activity Rates for a Standard Contribution/Distribution
To create an Additional Standard Rate:Enter a Name for the Rate. For example, History Bonus, History Stock, or History Other.
Select Plan as the Level.
Select the Plan you defined earlier as the Compensation Object.
Select Additional History Elements as the Activity Type.
Select the Element you want displayed on the history page.
Select the Input Value you want displayed on the history page.
Note: You can add multiple rates under the same plan if you have multiple element types.
See: Defining Activity Rates for a Standard Contribution/Distribution