Setup and maintain

How to set up and maintain Compensation Planning in Sage People. You need administrator-level access to do so.

We supply Compensation Planning as a separate package and support it with dedicated Permission Sets for HR Administrator, HR Manager, and Team Member. After installation and checking some basic data requirements, you can change the default field labels to suit the needs of your organization. Formulas control the distribution of salary and bonus awards. You can set up formulas to define:

  • How you calculate an award

  • Who's eligible to receive an award

  • Who you want to exclude from a plan

  • How to derive the bonusable salary for calculating bonus awards

You can store multiple versions of the formulas on the Employment Record object, linking all or a sub-set to Compensation Planning. You can then choose from the linked formulas when defining an individual plan.

Defining a Plan involves:

  • Providing some basic information. A name for the Plan, start and end dates, and the Plan type - salary, bonus, or both

  • Deciding if you need to display additional fields to provide more information for your Planners, and adding them to the Plan

  • Choosing the formulas you want to use for the Plan, from those you’ve linked

  • Choosing the Planners who are going to contribute to the Plan and the person who is to submit the final, completed Plan

  • Making the Plan available to your Planners through the self-service WX portal

Note

Fields on the Policy page in the Compensation Plan section apply to the WX salary and bonus planning feature. Compensation Planning has now superseded this. Compensation Plan policy fields have no effect on Compensation Planning.

Compensation Planning includes tools to help you monitor and maintain your implementation:

  • Add Tabs and Related Lists to HR Manager portal pages. This gives HR Managers access to Plan data for their Team Members

  • Monitor the status of all Plans beyond draft stage with the Plan Summary page. See View the Plan Summary page

  • View changes made to a Plan once you make it available to Planners with the Change History page. See View Plan history

  • Clone Plans to simplify and accelerate Plan creation. See Clone a Plan

  • Refresh Plans in progress with updated information to reflect changes made to Team Member records, or to formulas. See Refresh a Plan

  • Delete unwanted, uncommitted Plans direct from the Compensation Planning home page. See Delete a Plan

  • Approve and commit Plans so you can create salary and bonus records