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Flat amount in Variable plan

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Posted on by AkankshaJha

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Hello,

Do we have an option to create the variable plan in Compensation Management with flat amount?

Currently the system provides an option of Percent or Unit selection only.

Thanks,

Akanksha Jha

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qianwang 7,168 on at

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Hi AkankshaJha,

Regarding Number of units, you can use the compensation plan for cash incentives. docs.microsoft.com/.../hr-compensation-variable-plans

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AkankshaJha 100 on at

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Hello QianQW,

But if Car Allowance is needed as a Variable plan and it has a flat amount value attached to it.

How it can be incorporated using the Units option.

Thanks,

Akanksha Jha

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qianwang 7,168 on at

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Hi AkankshaJha,

You can set Variable compensation type as Bonus, and the value of number of units will be a direct one-to-one mapping to unit value.

When you enroll the employee to this variable plan, you can also override the amount.

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AkankshaJha 100 on at

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Hi QianQW,

So this means that the flat amount can only be entered while doing the enrollment of plan to an employee.

I was expecting if flat amount can also be enter at plan level.

Regards,

Akanksha Jha

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qianwang 7,168 on at

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Hi AkankshaJha,

No, you need to specify it at the employee level.

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Community Member on at

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Hi AkankshaJha,

I believe your question is answered by QianQW?

Could we please close this thread?

That would help to understand which questions still need help ;)

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