Deferral Guidelines Management
A deferral guideline can be defined for any Bonus or Equity compensation components. When creating the guideline, administrators can set deferral payout schedules for a specific effective period. The administrator sets availability for the guideline which determines the user population that is eligible for the guideline. More complex eligibility conditions can also be defined for the guideline.
To access the Deferral Guidelines page, go to.
|PERMISSION NAME||PERMISSION DESCRIPTION||CATEGORY|
|Compensation Deferral Guidelines||Grants ability to manage the deferral guidelines that are applied to specific compensation components during compensation planning. This permission cannot be constrained. This is an administrator permission.||Compensation - Administration|
To create a new deferral guideline, click the See Create Deferral Guideline.link.
To view only the deferral guidelines for a certain component, select the appropriate component from the Select Component drop-down list. This list contains all of the active bonus and equity components, listed in alphabetical order. Selecting a particular component updates the list, displaying only the deferral guidelines for the selected component. You can also include inactive guidelines in the display by selecting the Display Inactive Guidelines option.
The Deferral Guidelines table displays the following information for each guideline:
- Rank - The guideline rank determines the order in which the guidelines are implemented. It is possible that an employee could fall under multiple guidelines for a compensation component. If this occurs, the system applies the deferral guideline with the highest rank. Administrators can change the ranking of existing guidelines by dragging and dropping guidelines into the proper position on the page. A Rank of "1" is the highest priority deferral guideline. The guidelines are displayed in order of priority (i.e., Rank 1 is displayed first followed by the remaining guidelines in ascending rank order). For inactive guidelines, the rank for that guideline is displayed as "--" because the guideline does not have a rank. After adjusting the ranking for the guidelines, you must click Save to implement the changes.
- Guideline Name - This displays the name associated with the guideline.
- Availability - This displays the guideline's availability, which determines to whom the guideline applies.
- Effective Period - This displays the date range for which the guideline is effective. Note: A deferral guideline's effective period must cover the entire compensation period in order to be eligible for a compensation task.
- Active - Select the Active option to make the guideline active. If the guideline is not active, it is not implemented. Guidelines are active by default. After adjusting the active settings for the guidelines, you must click Save to implement the changes. When an inactive guideline is made active, the guideline is added to the bottom of the active list and is the last ranked guideline. When an active guideline is made inactive, the remaining guidelines that are ranked below the deactivated guideline are moved up in rank and the inactive guideline has a rank of "--" to indicate it is inactive.
The following options are available in the Options column:
- Delete - When an active guideline is deleted, the remaining guidelines that are ranked below the deleted guideline are moved up in rank.
After adjusting the active settings or the ranking for the guidelines, you must clickto implement the changes.