3 weeks ago
Dear Experts,
I am a little bit confused and need your expertise.
For Variable Pay we would like to use Business Goals to be "treated" as Individual Goals, meaning depending on an employees achievment the business goal should deliver different results. [The achievement/result of that Employee can be stored in EC (VP will be EC integrated).]
Example:
Employee A has Business Goal of 1500 Hours and achieved 1500 which equals 100 % payout
Employee B has Business Goal of 1500 and achieved 1600 which equals 150%
Important: In this case each Employee only has 1 Business Goal.
Is this possible to be achieved and if so, how can this be done?
I already tried to test a little bit with creating different bonus plans and its eligibility but did not get very far. But from my understanding this "could" be possible, right?
If this is not possible, can you maybe help me out with a different approach?
Thank you!
Michael
Request clarification before answering.
Hi @mkrieg
Business goals are not designed to have different results by employee, only by a specific attribute (location, business unit, country....). Once you have that attribute then you can have different results by attribute using Interpolate or Step functions.
The only way to build what you are describing would be to load one business goal in the system for each employee which is worst practice in terms of design and impacts job processing times (opening executive review, updating worksheets, save).
Try keeping these goals where result differ by employee in Goal Management so they can feed the performance form and then VarPay. If they need to have a specific weighting that's different from other individual goals then maybe place them in their own category in GM so they can feed a separate section of the performance form and so you can retrieve only those in the Ind Section or Team Section of the Varpay worksheet with the right weight applied.
Yes knowing Variable Pay well actually means knowing PM-GM....
All the best
Xavier
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
6 | |
5 | |
2 | |
2 | |
2 | |
2 | |
2 | |
2 | |
1 | |
1 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.