Administer Salary Packaging Business Processes

Administer Salary Packaging supports the following business processes:

• Modelling Salary Packages for Employees.

  Salary package modelling enables you to explore different package scenarios to find satisfactory solutions and alternatives for employee salary packages. You can save and report on any number of package variations during the modelling process.

• Modelling Salary Packages for Applicants.

  If you have been tracking and administering job applicants using PeopleSoft Recruiting Solutions, you don't have to re-enter all of the information you have already entered in the system when you hire an applicant. After the applicant is hired and you have created the applicants, the system can copy the applicant's information into the applicant's employee record.

• Reviewing Salary Packages.

  Salary packages are generally effective for a year and subsequently subject to annual review. Regardless of the period of the package, it is necessary to review the package near the end of its effective period and establish a new package. Reviewing a package involves:

  • Reconciling the expenditure against the package.

  • Remodelling where necessary.

  • Confirming and enrolling the new package for payment.

• Enrolling in Salary Packages.

  The package enrolment process creates compensation rates on the Job Data - Compensation page for all employees with a confirmed package. This process saves you the administrative overhead of updating each of the employee's records after a package has been confirmed. You can run the package enrolment process for individual employees or for a pay group. Regardless of the selection criteria, enrolments are only completed for confirmed packages with a status of proposed. When enrolling employees, the system identifies the relevant payroll information from the component definitions. Each component and additional component has a compensation rate code attached. The system uses this information to enrol employees.