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Tab | Description |
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Incentive Plan | Displays the information defined for an incentive plan. |
Criteria | Displays the criterion that is defined for the incentive plan for performance. |
Payout Group | Displays the payout group of the incentive plan. This is a list of all employees assigned to the incentive plan, and thus eligible for incentive pay. |
Field | Description |
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Plan Name | A descriptive name of the incentive plan. |
Plan Type | Indicates that the incentive pay is a monetary incentive. |
Pay Criteria | Currently the only option is Performance based. |
Review Period | This defines the period of time during which the Incentive Plan is evaluated. Options are Bi-Weekly (every two-weeks) or Weekly. |
Min. Days of Employment | The minimum days of employment of the employee in order to be eligible for incentive pay per the incentive plan. |
Start Date | Start Date for the incentive plan. The day of week on which this date falls will always be the start day for that plan going forward. For example, a plan with a Review Period of Weekly and a Start Date of Sunday, 6/2019/2010 2011 will have review periods that will always be Sunday-to-Sunday. |
Incented Hours | Currently the only option is Standard Hours. |
Payout Group | Payout will be considered on an individual employee basis. |
Rate | Incentive plan pay rate (dollars per hour). |
Incent on Learning Curve | Leave the box unchecked to consider an employee's performance in ONLY activities in which they are NOT currently on a learning curve. Any activities that are receiving a learning curve adjustment will not be factored into the performance that triggers incentive. If the box is selected, the plan will consider ALL activities (regardless of whether or not the employee is currently on a learning curve for certain activities). When the box is selected, the 'Performance Level' option is enabled. |
Performance Level | If the 'Incent on Learning Curve' box is selected, select whether the adjusted performance (for activities on learning curves) or the baseline (non-adjusted) performance will be used to trigger incentive. |