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Hi All,
Please let me know how can I configure the below in D365 F&O-HR:
Christmas bonus (30 days salary) to be paid annually to the new joiners. To be paid before 20th December and prorated based on your date of joining.
Please advice.
Thanks.
Hi poonamT,
Does "prorated based on your date of joining" means that after working for one year, you will receive the full bonus (30 days salary), and half the bonus after working for half a year?
If so, you can create a compensation plan.
Think of the Christmas bonus as an extra month's salary.
The Hire rule setting lets you specify whether all employees should receive the same increase, regardless of the date that they were hired (Hire rule = None), or whether employees should receive a percentage of the award, based on how long they were employed during the cycle (Hire rule = Percent).
Thank you for your response. It really helps.
What should be the Percent of basis and Calculation value?
About the Percent of basis, it's based on a percentage of the employee's regular base earnings.
About the Calculation,
Point in time – The calculation of the variable award is based on the fixed compensation that the employee had on a specific date.
Composite – An award amount is calculated for each unique fixed compensation pay rate that the employee had between the cycle start date and the cycle end date on the process event.
You can fill in according to your needs.
Thanks
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