Contents of the Configure Compensation Settings Screen
Use the fields and options to configure the Configure Compensation Settings screen.
Contents
| Field | Description |
|---|---|
| Default Compensation Plan |
If you have a compensation plan you use for the majority of employees and you want to use it as a default, select it from the drop-down list. If you have not yet set up your compensation plans, set them up and then return to this screen to choose the default. If you use multiple compensation plans and no one compensation plan is used more than another, leave this field blank. This is not a required field. |
| Summary Job Title Required |
Select this option if summary job titles are required. If you do not select this option, users do not have access to the Manage Summary Job Titles screen. |
Compensation Plan Table Usage
Use this group box to select the degree of validation that you want the system to perform when assigning a compensation plan to an employee. The validation is activated when changes are made to Labor Group or Labor Location for an employee on the Manage Employee Salary Information screen.
| Field | Description |
|---|---|
| Hard Edit |
Select this option to maintain a direct link between the Compensation Plan and Labor Group or Labor Location, as maintained on the Manage Compensation Plan Defaults screen. The value of this option is H. This selection is the most stringent level of validation; it prevents you from entering data that is not found on the Manage Compensation Plan Defaults screen. |
| Soft Edit |
Select this option to receive a warning that the Compensation Plan and Labor Group or Labor Location is not set up on the Manage Compensation Plan Defaults screen. You can still enter and save the data. The value of this option is S. |
| Default Only |
Select this option to have the Labor Group or Labor Location validated against the Manage Compensation Plan Defaults screen. The value of this option is D. Note:
These options are referred to in other Costpoint documentation by the value they are assigned: H (Hard Edit), S (Soft Edit), and D (Default Only). |
Budget Rounding Criteria
Use this group box to select the method on how to round off dollars when using the Costpoint Compensation Administration budgeting functions.
| Field | Description |
|---|---|
| 100 Dollars |
Select this option to round dollars to the nearest 100 dollars. |
| 1000 Dollars |
Select this option to round dollars to the nearest 1000 dollars. |
Actual Review Rounding Criteria
Use this group box to select the method to round off dollars when updating the Manage Employee Salary Information screen (in Costpoint Employee) from review forms based on the rating percentage, grade, and merit increase amount. Rounding criteria is for the annual rate on the Manage Employee Salary Information screen.
| Field | Description |
|---|---|
| Cents |
Select this option to round to the second decimal place. The value given to this option is A. |
| 1 Dollar |
Select this option to round to the nearest whole dollar. The value given to this option is B. |
| 10 Dollars |
Select this option to round salary to the nearest 10 dollars. The value given to this option is C. |
| 100 Dollars |
Select this option to round salary to the nearest 100 dollars. The value given to this option is D. |
| 1000 Dollars |
Select this option to round salary to the nearest 1000 dollars. The value given to this option is E. |
Review Form Assignment
Use this group box to select the method on how review forms will be assigned. Some organizations use different review forms for different groups of employees, for different levels of employees, or for employees with different statuses.
| Field | Description |
|---|---|
| Functional Job Title |
Select this option to assign review forms based on Functional Job Titles. The value for this option is F. |
| Labor Group |
Select this option to assign review forms based on Labor Group. The value of this option is L. |
| Hourly/Salary |
Select this option to assign review forms based on Hourly/Salary status. The value of this option is S. |
| One |
Select this option to use one review form company-wide. The value of this option is O. |