To create a new compensation cycle for your organisation, watch the video or follow the steps below.

Create a compensation cycle

From the dashboard menu, search for and select Pay Planner.
Click the Cycles tab, then click New cycle.
Complete the wizard using the guidance below.
Click Create.

Step	Actions
Details	Fill in the cycle’s Name and Description. Select the Pay Types to include in the cycle. Select Pay Effective Dates. Add Collaborators if required.
Setup	Select a Snapshot Date. Select your Cycle Currency. Select whether you want the budgeting method to be Uniform or Flexible.
Eligibility	Filter the employees included in the cycle. Set up eligibility rules, to filter the employees included. Set up manual overrides if required.
Base pay	Fill in your Base Pay Budget. Set a Holdback Amount, to cover budget overruns if required.
Bonus	Select the Bonus period start date. Set your company's Target Achievement Percentage. Set a Holdback amount if required.

Complete the cycle set up

After you create the cycle, it opens automatically. You can review the criteria set up and make updates, add collaborators, and check cycle data before adding your timeline, pay philosophy, and creating manager assignments.

A cycle contains the following tabs you can use to complete the set up.

Tab	Details
Essentials	Review the cycle details, amend settings and set up pay letters.
Cycle Data	Review the employees included in your cycle and check the data health.
Eligibility	Make changes to your rules and exclusions.
Budget	Make amendments to the budget settings.
Timeline	Create a visual roadmap for your cycle.
Pay Philosophy	Create the cycle's pay philosophy.
Assignments	Assign managers to oversee compensation decisions for their teams.

Create a timeline

The timeline is a visual roadmap for your compensation cycle with key milestones and deadlines. To create a timeline, follow the steps below.

Click the Timeline tab, then click Add milestones.
Enter the Cycle end date.
Adjust the stage durations and end dates, as required.
Click Save.

Set assignments

You need to assign managers to oversee compensation decisions for their teams. To do this, follow the steps below.

Click the Assignment tab, then click Set assignments.
Tasks are automatically assigned based on your organisation and supervisory hierarchies.
This can be customised. For example, you may need to reassign a task or add supporting users to ensure coverage.
Click Assignee and select the appropriate manager for each level.
Click Save.