SAP Knowledge Base Article - Public

2078224 - Plan Setup - Create new plan & Edit plan settings - Variable Pay

Symptom

This article outlines the process of creating new Variable Pay plans.

 **Image/data in this KBA is from SAP internal systems, sample data, or demo systems. Any resemblance to real data is purely coincidental**

Environment

  • SAP SuccessFactors Variable Pay

Resolution

From Admin Center go to Compensation> Compensation Home.

Here you will find the following options to add templates. For Variable Pay select "Add new variable pay plan".

new compensation plan.png

On the next page you can define the program/plan details.

new variable pay plan.png

This feature enabled the administrator to create a new program from scratch without needing assistance from a partner/professional services.

The following is a breakdown for the available options in settings once you created the program/plan.

These can be found under Plan Setup> Settings> Settings.

Program Name

  • Name of your program/plan.
  • Avoid using special characters here as this may cause issues with the template.

Program ID

  • This is a non-editable system generated ID.

Background Section ID

Bonus Start/End date

  • This is generally the start and end of your planning cycle.

Compensation Hierarchy

Display program dates instead of outlying assignment dates

  • Yes or No options

Apply Proration at the end of section calculation

  •  Yes or No options

Apply Bonus Plan Multiplier for section calculation

  •  Yes or No options

Multiplier Value

  •  This is a numerical value

Display Assignment Records in Manager Form

  • Ascending or descending options

Freeze Column(s) for Scrolling

  • We recommended this option is selected

Currency Views

  • Available views are Functional, Planner, User and any currency.

Conversion rate table

  • This is a table which is used for your currency conversions.

Apply gates for business goals

  • Yes or No options based on business requirements

Apply accelerators for business goals

  • Yes or No options based on business requirements

Apply proration rounding

  • Start Date <= of the month, then round up to the beginning of the current month
    (if the start date is greater than the day of the month specified, then the start date will be prorated to the beginning of the next month)

Keywords

create new vrp plan, variable pay template, new program, vrp program, proration rounding, background section id, variable pay , KBA , sf varpay cycle preperation , sf varpay plan setup , LOD-SF-VRP , Variable Pay Programs , How To

Product

SAP SuccessFactors Compensation all versions ; SAP SuccessFactors HCM Core all versions

Attachments

Untitled-1.gif-.gif