Determining Allocations
This section provides an overview and discusses how to run the Determine Allocation process.
|
Page Name |
Definition Name |
Usage |
|---|---|---|
|
RUNCTL_VC_DET_ALL |
Run the Determine Allocation process, which calculates 100 percent variable-compensation payouts, as well as performance factors for organization and group goals. |
Run the Determine Allocation process prior to running the Calculate Awards process. The system uses the information calculated by the Determine Allocation process when it calculates awards and when it calculates group funding allocations.
Determining Allocations for Variable Compensation
When you run the Determine Allocation process from the VC menu, the process calculates this data:
The target award for each plan member, without making any adjustments for proration, performance, or funding.
The minimum and maximum awards for each plan member, if specified in the plan, without making any adjustments for proration, performance, or funding.
The organization attainment factor, if the plan uses organization-weighted goals.
The group attainment factor for each group, if the plan uses groups and group-weighted goals.
The sum of target awards for each group in the plan if the plan uses groups.
If the plan uses funding, it enters these payouts on the Allocate Group Funding page.
The sum of minimum awards (if specified in the plan) for each group in the plan, if the plan uses groups.
The sum of maximum awards (if specified in the plan) for each group in the plan, if the plan uses groups.
Use the Determine Allocation page (RUNCTL_VC_DET_ALL) to run the Determine Allocation process, which calculates 100 percent variable-compensation payouts, as well as performance factors for organization and group goals.
Navigation:
This example illustrates the fields and controls on the Determine Allocation page.
Field or Control |
Description |
|---|---|
Rate Type |
Select the exchange rate type that you want the system to use when converting target awards into the currency of the plan. Values are Commercial Rate, Financial Rate, Floating Rate, Free Market Rate, Official Rate, and Spot Market Rate. |