Set up Compensation Model

Use these steps to set up a compensation model.

To set up a compensation model:

1. Go to Human Resources > Employees > Setup > > Compensation Models > Compensation Model.
2. Click , and in the Create Compensation Model wizard, enter the following information, and click Create:

   • Name and Description.

   • Pay Period Calendar: Assign a calendar to this model.

     Note:

     You can change the calendar as long as you have not yet entered calculations using the compensation model.

   • Base Salary Method: Select which pro rata method to use for base salary rate calculations.

3. Optional Step: If you want to set up posting rules, on the Compensation Model tab, in the Posting Reference, Offset field, select the needed Dimension Combination number, and click OK.
4. Enter information in the remaining fields in this workspace as needed, including Currency, and Pay Period.
   Note: If you create a Compensation Type right from the sub-tab, it will inherit information from the Compensation Model.
5. Click Save when done.