Identifying the Elements of a Variable Pay Form

Objective

After completing this lesson, you will be able to define the elements of a Variable Pay worksheet.

Anatomy of a Variable Pay Worksheet

Before designing the worksheet, take a look at the common elements of a Variable Pay form. Refer to the following figure for an example:

Just like the Compensation worksheets, the tabs at the top of the variable pay form control the floating panels to view of Budgets, Route map and instructions. You can show and hide columns to set what data to review on the worksheet. Advanced filters similar to the Executive Review can also be utilized on the worksheets. You can have up to 30 criteria per filter spread across one or multiple conditions. This advanced filter can be enabled in Manage Company Settings.
The column grouping and fields in Summary level section is configured in Column Designer.
The Business section and details displays the section weight and payout from the business goal file and business goal weights file. Field’s visibility is determined in the Configure label names and visibility.
The assignment details display the information from Employee History Data file.
Individual Section and details displays the weight and goal information from the Performance Form.

Overview of Variable Pay Worksheet Design: Before designing the worksheet, familiarize yourself with the common elements of a Variable Pay form, as depicted in the corresponding figure. This understanding will guide the organization and functionality of the worksheet.
Variable Pay Form Elements: Similar to Compensation worksheets, the tabs at the top of the variable pay form manage floating panels to view Budgets, Route map, and instructions. You can customize the display by showing or hiding columns to focus on specific data. Advanced filters, akin to those in Executive Review, can be applied with up to 30 criteria per filter across one or multiple conditions, enabled in Manage Company Settings.
Configuration of Columns and Sections: Column grouping and fields in the Summary section are configured in Column Designer. The Business section displays section weight and payout information sourced from the business goal file and business goal weights file, with field visibility controlled in the Configure label names and visibility settings.
Details and Data Sources: The assignment details section presents data from the Employee History Data file, while the Individual Section showcases weight and goal information from the Performance Form, allowing for a comprehensive view of variable pay factors.