Create Calculation Compensation Basis
- Create compensation plans.
- Security:Set Up: Base and Plandomain in the Core Compensation functional area.
You can use a calculation compensation basis to augment a compensation basis used to support global operations.
- Access theCreate Calculation Compensation Basistask.
- Select the type:
Optie Omschrijving Adjustable BasisComprised of variable and guaranteed plans that Workday might adjust during the calculation.Guaranteed BasisComprised of plans, the sum of which is guaranteed for the worker. Workday can only decrease the guaranteed amount when the worker's Primary Compensation Basis (PCB) amount decreases.Subtractive BasisAssociated with a percentage-based compensation plan. Workday decreases the PCB by the amount defined by the subtractive basis. Workday then calculates the percentage-based plan target amount.Variable BasisDefines the variable amount of the compensation basis and can include:- Plans that decrease when you must add funds to the guaranteed plans to preserve the guaranteed amount.
- Plans that you adjust in inverse proportionality to the amount needed to fund the guaranteed amount.
Fixed BasisIncludes fixed compensation plans that Workday won't change during Manage by Basis Total calculations, even if you selectedRetain Basis Total.Workday treats the compensation plans you select as a higher priority than maintaining the PCB. - (Optional) Select theCompensation Plansthat make up the calculation compensation basis.
You can select calculation compensation bases created on the
Create Calculation Compensation Basis
task. You can select subtractive calculation compensation bases when creating or editing a percentage-based compensation plan.- Create a compensation basis associated with a calculation compensation basis.IfApply FTE %is selected on both the calculated compensation basis and on the salary or allowance plan, Workday applies the FTE % twice. Example: If a calculation compensation basis hasApply FTE %selected and includes an allowance plan that also has it selected, Workday prorates the allowance plan twice.
- View Calculation Compensation Basis,Edit Calculation Compensation BasisorDelete Calculation Compensation Basistasks.