2H 2023 for Compensation: Must-Know new features
2H 2023 enhancements to the Compensation Module are out on What’s New Viewer and we take you below through the most important ones. They will be rolled out to Preview environments on October 20 and to Production environments on November 17, 2023.
#1 – Custom MDF Fields Import for Variable Pay Employee History
#2 – Enhancements to Planner Audit
In my view a must-use new feature for all new Compensation and Variable Pay cycles to improve the planner (and Comp Admin) experience.
Note: Standard recommendation columns only store the amount entered on screen. This means that in order for the Merit % to show on Change History we would first need to create a new custom column called Merit % (with formula merit/curSalary) and mark it as auditable.
#3 – Enhanced Compensation and Variable Pay Jobs speed and parallel processing
If in our eligibility rules we exclude inactive and external users we can also now unselect them from being added by default to the scope on which our eligibility rules apply which for some customers in specific industries (retail and catering are two recent examples) can save a lot of time. See additional discussions on the HXM community here. If even after unchecking these boxes we still experience long run times (>4/5 hours) when applying the rules or when running Mass update worksheets jobs with apply eligibility checked then we should look at using more variables as per the Did You Know section of this blog or even completely changing the eligibility process by using this way of building eligibility.
#4 – General Display Name in the Downloaded Statement File Names
#5 – Hide Disabled Compensation Module Templates
#6 – Eligibility Rules: new category for Compensation and Variable Pay
This new category now protects compensation business rules from being deleted as long as they are mapped to a compensation template (similarly to MDF rules). It also adds additional information at the bottom specific to Compensation in lieu of the blank Then section of the Basic domain rules.
All the best
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