Use this screen to select high-level parameters for operating Costpoint Compensation. You can use a default compensation plan, require summary job titles, choose validation criteria when reassigning employees to a compensation plan, and select a method for assigning review forms. Additionally, you can use this screen to establish how you wish to round dollars for an employee's actual salary increase and for setting up company-wide budgets.
Enter this information as part of your initial Costpoint Human Resources setup. If you have one compensation plan that you use exclusively or most of the time, return to this screen after you have established your compensation plans and choose that plan code as a default. This will save time in setting up employees and whenever this compensation plan is used.
Use this group box to establish a default compensation plan and control access to the Summary Job Titles table.
If you have a compensation plan you use for the majority of employees and you wish to use it as a default, select it from the drop-down box. 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, you will want to leave this field blank. This is not a required field.
Select this checkbox if summary job titles will be required. If you do not select this checkbox, users will not have access to the Summary Job Titles table.
Use the radio buttons in 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 will be activated when changes are made to Labor Group or Labor Location for an employee in the Salary Info and History table.
Select this radio button to maintain a direct link between the Compensation Plan and Labor Group or Labor Location, as maintained in the Compensation Plan Defaults table. The value of this radio button is "H." This selection is the most stringent level of validation; it will prevent you from entering data that is not found in the Compensation Plan Defaults table.
Select this radio button to receive a warning that the Compensation Plan and Labor Group or Labor Location is not set up in the Compensation Plan Defaults table. You will still be able to enter and save the data. The value of this radio button is "S."
Select this radio button to have the Labor Group or Labor Location validated against the Compensation Plan Defaults table. The value of this radio button is "D."
Use the selections in this group box to determine 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.
Select this radio button to assign review forms based on Functional Job Titles. The value for this radio button is "F."
Select this radio button to assign review forms based on Labor Group. The value of this radio button is "L."
Select this radio button to assign review forms based on Hourly/Salary status. The value of this radio button is "S."
Select this radio button to use one review form company-wide. The value of this radio button is "O."
Use the radio buttons in this group box to round off dollars when updating the Employee Salary Info and History table from review forms based on the rating percentage, grade, and merit increase amount. Rounding criteria is for the annual rate in the Salary Info and History table.
Select this radio button if you wish to round to the second decimal place. The value given to this radio button is "A."
Select this radio button to round to the nearest whole dollar. The value given to this radio button is "B."
Select this radio button to round salary to the nearest 10 dollars. The value given to this radio button is "C."
Select this radio button to round salary to the nearest 100 dollars. The value given to this radio button is "D."
Select this radio button to round salary to the nearest 1000 dollars. The value given to this radio button is "E."
Use the radio buttons in this group box to round off dollars when using the Costpoint Compensation Administration budgeting functions.
Select this radio button to round dollars to the nearest 100 dollars.
Select this radio button to round dollars to the nearest 1000 dollars.
Changes to this table update the COMP_SETTINGS table.