Once the compensation cycle is complete, administrators can show the results to employees through the compensation statement. It is recommended for a customer to start a new compensation cycle with a new statement template.
An Example of a Standard Compensation Statement
Standard Statement Templates
One way compensation statements are created is through the use of standard templates.
Define the structure and layout of what employees see on the compensation statements.
Include some limited pre-set configuration options.
Come included with the Compensation solution and are downloaded through the SuccessStore.
Compensation Statements: Available Templates
The following types of templates are available in SuccessStore:
Compensation Templates. Standard compensation templates from SuccessStore can display fields from both the Salary and Stock tabs, such as, but not limited to:
Stock Grant Date
Variable Pay Templates
Combined Templates allow multiple Comp and/or VarPay plans to include fields into one statement.
Templates with or without info headers are available for all three.
To add statement templates to an instance:
Navigate to Actions for all plans → Manage Statement Templates → Add/Edit Statement Templates.
New templates are added from the top box by using either Import or Add from SuccessStore. Once a template is added, options to preview, export, and delete template are available on the right side of the page.
Exported templates can no longer be edited in the UI.
Editing a Statement
You can edit:
Inserted via a URL
Compensation statement (body)
Add conditional text sections
Fields and sections can be added or modified to the statement using this area.
For combined templates, you can define which plan and which field controls the visibility of each section.
More on Conditional Text Sections
Conditional text sections are used whenever a customer needs to display different text based on worksheet values. In the past, customers have used these sections to display different paragraphs for different ratings, different countries, even for different languages. The visibility of these text sections is controlled by any compensation field.
Sophisticated use of these sections involves the creation of custom columns on the worksheet based on different conditions, the inclusion of these columns in the right section of the statement template, and then use in the conditional text section logic. Often, these custom columns are hidden themselves in the right column of the statement through an impossible display condition of their own. Use in a conditional text section just requires the column is present in the configuration, not that it be visible.
Setting and Assigning Permissions
Administrators can set permissions at the plan level. Compensation Home.
- Default permissions follows the user permission and the target population defined in role-based permissions.
- Change Permissions who can view generated statements supersedes the permission in RBP.
- Generated Statements are not viewable hides the statements from all users.