Compensation Plan Elements, or simply Compensation Elements, are reusable objects that contain an expression or value. They make it easier to create and maintain compensation plans.
Compensation elements merely store data. Until a compensation element is associated with a rule, variable, or plan, it is not used in calculating compensation.
Access to compensation elements is available from the Plans menu. Each type of compensation element has its own workspace.
Naming Conventions
You’ll learn how to create many types of objects: fixed values, territories, variables, plans, and rules. While the system does not have strict naming requirements, we’ll use a widely accepted set of naming conventions.
- While spaces are allowed, we will substitute an underscore ( _ ) for spaces.
- Each object is preceded by an acronym to identify the type of object. For example, territories are preceded by T_ , and territory variables are preceded by TV_.
- Objects that can be periodic, such as a fixed value that contains a quarterly quota, will contain the period somewhere in the name, such as FV_Quarterly_Quota or FV_Quota_Quarter.
- Compensation plan rules are preceded with the type of rule. For example, a direct credit rule will be preceded by DCR_, and a deposit rule will be preceded by DR_.
Advantages of Compensation Elements
Compensation elements store data that can be used in rules. They have three advantages that simplify the management of rules:
- They allow the encapsulation of data in distinct objects rather than storing everything in a large, complex compensation plan.
- They have special abilities that allow certain tasks to be accomplished easily.
- They are effective dated, which makes it easier to manage changes in plans.
Types of Compensation Elements
SAP SuccessFactors Incentive Management has the following compensation elements:
- Territories
- Fixed Values
- Rate Tables
- Lookup Tables
- Formulas
- Quotas