Variables are placeholders used in a rule in place of a Territory, Fixed Value, Rate Table or Lookup Table. Without variables, you would have to create a separate rule whenever one Position uses a different value than another.
Let’s look at an example of the use of variables in a plan. In the image below, we have a single compensation plan with a set of rules. Our two Sales Reps, Terry and Amy, can both use the plan even though each has different territories, rates, and bonus amounts. We do this by inserting variables in the rules, where they act as placeholders.
Overview of Variables
Use the following steps to include Variables in your plans:
- Create or import Compensation Elements such as variables and fixed values.
- Create a Variable for each type of Compensation Element
- Add the Variable in place of the Compensation Element in the Rules
- Assign the Variable to a Compensation Element on the Plan, Title or Position level in the Compensation Plan details