Fluid Compensation History – A revolutionary change in ESS
Fluid Compensation history allows managers use the compensation history transaction to review or verify employees’ compensation history. The new delivered fluid page for compensation history allows managers and employees to filter information as well as view the grid information in frequencies besides annual.
The fluid page contains the below features
- It provides access to a chart that displays compensation data of the employee in a graphical format by compensation source and time period.
- A grid that displays the entire list of compensation changes pertaining to employees Job, which include base salary, variable pay and stock option type changes.
Setting up Compensation history page:
To setup Compensation history page administrator can navigate to Set Up HCM > Product Related > Compensation > Compensation History > Self Service > Define Compensation History.
Image1: Define Compensation History Page
The Display Components of Pay and Include Stock Administration awards enables to display the components of pay history and stock administration awards if any when the compensation pay of an employee is viewed in self-service.
Include Variable Compensation awards – If enabled displays the information in self-service based on award status.
View Compensation History – Select Employee Page
The Select Employee Page is used to select a direct or indirect report to view the employee’s compensation history
Navigation: Manager Self-Service > Compensation and Stock > View Compensation History
Image2: Select Employee Page
To check the compensation history of an employee click on the concerned person’s row. If you wish to search for a specific direct or indirect report, expand the Search Options section and enter his or her name, title, or email address, then click Search.
Use the Sort button to sort employees by column headings.
View Compensation history page – Fluid Manager View
This page helps to review employees’ compensation history as manager.
Navigation: Select an employee from View Compensation history – >Select employee page.
Image3: Compensation History Page (Manager View)
User can select Different Employee from his direct reports using the link on header to view his/her compensation history.
User can change the frequency and currency in which the compensation details are displayed
- Salary Frequency: If no default frequencies are found for the company’s country, these values (Annual, Monthly, Daily, and Hourly) are not available for selection.
- View In: This option is used to display compensation amounts either in the preferred currency of the logged on user (as specified on the General Profile Information page), or the currency in which the amounts were paid. By default, the preferred currency is used.
Data displayed on the page can be filtered by
- Job Title
- Time period
This bar chart displays the compensation history of the selected employee based on specified display and filter options. The chart displays one data point per year.
Image4: View Chart Page
If no filter option is defined and the chart is set to display compensation history of all sources, each source value is displayed color-coded in a stacked bar for its year.
When the chart is set to display salary information along with any other source, the salary frequency used in the chart is always Annual, regardless of the frequency currently selected in the display option. This is to ensure that salary amounts and other source amounts are being shown consistently in the same time units.
This grid lists the employee’s compensation awards information (one row for each distinct amount) that matches the award status and components of pay setup on the Define Compensation History Page, and is filtered by the values selected in the Filter Options section. Award amounts are calculated and shown in the frequency (for salary amounts only) and currency that are specified in the Display Options section.
Navigation: Select Employee Page-> Select particular year or Data change row
Image5: Salary Change Details Page
- Salary Change Amount: Displays the change of salary amount.
- Salary Change Percent: Displays the change of salary amount in percentage.
- Source: Displays the source of awards information, which can be base salary, variable cash, variable non-cash, and stock option.
Compensation History Page (Fluid Employee View)
Navigation: Self Service -> Payroll and Compensation -> Compensation History
Image6: Compensation History page (Employee view)
Job: Select a job to view its compensation history. This field appears if the employee being viewed has multiple jobs.
By default, the primary job is displayed. If there are multiple or no primary jobs defined, the one with the lowest current active job record number is shown.
View In: By default, the system displays compensation history amounts in the issued currency.
Overall this feature introduced in PUM 28 makes managers to view their reports’ compensation and employees to view their compensations in a much efficient way.
PeopleSoft Consultant, Kovaion