Page History

...

1. Type a unique Plan Name.
2. Select 'Monetary' as the Plan Type.
3. Check 'Performance' as the Pay Criteria.
4. Select the Review Period from the drop down list.
5. Enter a value for minimum days of employment.
6. Select the Start Date by clicking .
7. Select 'Standard Hours' as the Incented Hours.
8. Select 'Individual' as the Payout Group.
9. Type a Rate.
10. Select whether or not this plan will incent on learning curves. If so, select which Performance Level will be used when calculating each review period.
    
    

    image
    image MIP New.jpg title Fig.276 Maintain Incentive Plan - Adding Plan

    
    
    Incentive Config Field Descriptions

    Field	Description
    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 number days an employee is required to work in order to be eligible for incentive pay.
    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, 6/19/2011 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.

    ^{Table 72. Incentive Config Field Descriptions}
    
    
11. Click on the 'Criteria' tab and configure minimum threshold criteria for performance and quality.
12. Set the performance payout scale.
    
    

    image
    image MIP Criteria.jpg title Fig.277 Maintain Incentive Plan - Criteria

    
    Criteria Tab Field Descriptions

    Field	Description
    No. of Errors	Type the threshold for number of quality errors for the incentive plan for performance and quality. If this value is exceeded, the employee is not eligible for incentive pay. This value is a summed occurrence value across all quality types configured in ProTrack Warehouse ProTrack Warehouse within a review period.
    Measured As	If quality occurrence value is not a good measure, quality records can be treated as percentages (see section 6.6 for details on how to configure quality).
    Quality Unit	Select the quality unit to consider for quality percent for performance and quality from the list.
    Rolling Avg Over	Type the rolling period to calculate quality.
    Rolling Unit	Select rolling unit (Days or Weeks) from the list.
    Performance Threshold	Type the performance threshold. This is the lowest performance at which an employee is eligible for incentive pay. Note that this value becomes the lower limit for the lowest bracket on the performance payout scale.
    Buy In	The minimum number of hours the employee must work on-standard during the review period to be eligible for incentive pay.
    Buy In Period	Select "Hours" as the unit for Buy In.
    Incent Cap	If this box is selected, an employee will receive the highest payout level when his or her performance exceeds that level's upper limit. When not selected, there is no payout if the performance of the employee is beyond the top payout level.
    Buffer	How many days after the incentive period is over before the calculation is run (this allows clerical work to be performed).

    ^{Table 73. Criteria Field Descriptions}