Remuneration Option
Note: The Remuneration Packages area of functionality is in the process of being removed from ResourceLink and will be completely removed in a future release. In it's place, it is recommended that customers use the Employee Flexible Benefits functionality.
Enables you to set up details of remuneration elements and options, which are the components of remuneration packages. For a selected element you can specify the options linked to it. For each element/option combination you can specify the pay element it is to update and its default values when selected in Remuneration Package Options.
Note: Before using this screen, the remuneration elements you want to work with must have been created as narrative codes via Narrative Category Codes. After modelling remuneration packages, if you want to be able to apply the new remuneration values to an employee’s pay elements, that is, to update the pay elements with the new values, the Additional Details field of each element’s narrative code must contain Y.
Selection
Element
Enter the code of the remuneration element that you want to maintain, or select one from the drop-down list. The options are set up in the REMELE narrative category.
General
Option
Enter the ID of the remuneration option that you want to maintain, or select one from the drop-down list.
If the remuneration option does not exist, a prompt is displayed allowing you to create the new option.
Details
Short Desc, Long Desc
Enter the short and long descriptions of the remuneration option.
Pay Element
Enter the default pay element to which you want to post the final value of the option, or select one by clicking window to display Pay Element Selection.
Post PE As
Enter one of the following to specify how the option value is to be applied to the pay element for the selected employee.
|
A |
Annual. Total element value to be posted to the pay element as an annual amount. |
|
P |
Period. Total element value to be posted to the pay element as a period amount. |
|
Z |
Zero. The pay element is attached to the employee, but a value of zero is posted to it. This should be used where the pay element value is derived from another source – for example, from a table, rate, formula, and so on. |
|
null |
Suppress posting. No value to be transferred, and the pay element will not be attached to the employee. |
Add to Total
Enter Y to enable the element value to be added to the total value of the remuneration package, or N to stop this.
Amendable
Specify the persons who are allowed to amend the remuneration package.
You can enter one of the following:
|
E |
Employee. |
|
M |
Manager (ResourceLink assumes that anyone logged on as an operator is a manager). |
|
B |
Both employee and manager. |
|
N |
Neither employee nor manager. |
Values
Min Value
Enter the minimum value for the option.
Max Value
Enter the maximum value for the option
Weighting
Enter the weighting to be applied to the option actual values to calculate evaluation values.
Min Evaluated
Display only. The minimum evaluation for the option. ResourceLink calculates this value by multiplying the Min Value by the Weighting.
Max Evaluated
Display only. The maximum evaluation for the option. ResourceLink calculates this value by multiplying the Max Value by the Weighting.
Button
Notes
Click this button to display Maintain Note Detail, where you can enter any notes or comments you want to record.
MD29S10