Pay Planner
Managing payroll, compensation, and pay planning processes
By Onyema and 1 other2 authors15 articles
- Pay Planner overviewLearn how to get started with Pay Planner.
- Review compensation decisionsRun an impact analysis, review and adjust managers' compensation decisions, and finalise the admin review stage to move your cycle to communication.
- Bonus proration in Pay PlannerUnderstand how Pay Planner applies proration to bonus calculations and upload custom proration factors for individual employees.
- Bonus plans in Pay PlannerConfigure the bonus calculation formula for your compensation cycles.
- Create a compensation cycleSet up a new compensation cycle for your organisation.
- Close a compensation cycleConfigure pay letters before wrapping up your compensation cycle and exporting compensation data for upload to your PeopleXD system.
- Complete compensation allocation tasksReview compensation allocation decisions for each employee, then accept or adjust the recommendations before submitting them for manager review.
- Assign access to Pay PlannerAssign access to Pay Planner functionality.
- Set up data accessCustomise the data that a user can access in Pay Planner.
- Menu options for access to Pay Planner screensMenu options required for users to access pay planner functionality and data.
- Add exchange rates to support conversionsAdd exchange rates in PeopleXD to support conversion from your default currency to another currency in Pay Planner.
- Set up budget segmentationControl budget allocation across your organisation with segmentation, and choose the best budgeting method for your compensation cycle.
- Configure your pay philosophySet up how your organisation approaches employee compensation.
- Monitor and review compensation decisionsMonitor all compensation allocation tasks in the cycle, move the cycle to the Review stage, and evaluate proposed decisions.
- Integrate performance data with Pay PlannerIntegrate your performance information into your Pay Planner solution from PeopleXD.