Steps to Setup Basic Bonus Plan

Steps to Setup Basic ICD Plan for Bonus

a) Create a plan type of type Individual Compensation Distribution (Total Compensation => Programs and Plans => Plan Types)
b) Create a Plan using the above plan type and following information (Total Compensation => Programs and Plans => Plans)

Usage: May not be in program
Go to Not in Program Tab and enter details Enrollment Rate/ Frequency as per pay period and activity Reference Period as Annually

Go to the Details button and attach plan year period (plan will be available only in those time periods)

c) Define Plan Enrollment Requirements (Total Compensation => Programs and Plans => Plan Enrollment Requirements)

Enrollment Tab
Enrollment Type: Explicit
Allow Unrestricted => Checked
Enroll in Plan and Option => Checked
Enrollment Code => Current, Can Keep or Choose; New, Can Choose

Coverage Tab
Coverage Start Date=> Event
Coverage End Date => Event

Rates Tab
Rate Start Date=> Event
Rate End Date => Event

d) Define a Standard Rate for the Plan (Total Compensation => Rate/ Coverage Definitions => Standard Rates)

General Tab
Level: Plan
Compensation Object:
Activity Type: See from the list you require (for Bonus: Employer Payroll Contribution)
Tax Type: Any
Element Name and Element Input Value (Check Element and input value required if you attach the element here)

Calculation Tab
Enter Value at enrollment: Checked
Calculate for Enrollment: Checked
Give min, max values

Processing Information
Assign on Enrollment: Checked
Display on Enrollment: Checked
Compensation Category: Bonus
Value passed to Payroll: Defined Amount


That is all for setup.

Go to self-service and go to Individual Compensation Distribution and then go as application says . .. you can see this bonus. If you have attached element entry in standard rate, you can see the same in the bonus history also.

What happens internally
it process the unrestricted life event (Advanced Benefits) on the person and create enrollment and rates (and elements if defined).

njoy
Gaurav Sehgal