Customize > Proration

Organizations regularly hire new employees and change pay and incentives in between the start and end of periods. However, salaries and personal target incentives are typically defined as annual values. To ensure correct compensation for your employees, you can use the Proration area to specify whether you want to have Incent instead use prorated salaries and personal targets.

The following becomes available when you use prorated salaries and personal targets:

  • Person records include Prorated Salary and Prorated Personal Target fields
  • Formula data objects include options for prorated values: Salary_Prorated and PersonalTarget_Prorated
  • Rule conditions include options for prorated values: Salary_Prorated and PersonalTarget_Prorated
  • Administrators can customize Plan Summary, Incentive Statement, and Incentive Details reports to display the prorated salary and prorated personal targets

Screen

setup_customize_prorationProration Screen

How to…

This section describes how to manage proration.

Manage Proration

  1. Click the Setup tab, then click Customize > Proration in the secondary menu. The Proration screen appears.
  2. In the Prorate Salary field, specify how to populate the Prorated Salary field on the Person record.
  3. In the Prorate Personal Target field, specify how to populate the Prorated Personal Target field on the Person record.
    You can choose from among the following options (in both cases):
    – Enter Manually/Upload—Allows you to enter prorated amounts through the Incent user interface or by uploading. When uploading, note that the import template includes a column for Salary_Prorated and PersonalTarget_Prorated (respectively), which becomes mandatory if you select this option.
    – Use same value as full Salary—Incent ignores the prorated values and uses the full amounts to calculate.
  4. Click the button_save button.