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<< Click to Display Table of Contents >> Navigation: Additional Salary Assessor Topics (Listed Alphabetically) > Compensation Management Background > Rewards > Benefits Administration |
The Benefits Administration sub-tab of Rewards allows you define benefits plan options, including health & wellness benefits, financial & retirement benefits, time-off & leave benefits, mandatory benefits, and additional benefits, to administer in your organization.
To Create a Health & Wellness Benefits Plan
1.Navigate to the Rewards tab of Compensation Management.
2.Navigate to the Benefits Administration sub-tab.
3.Select Health & Wellness Benefits.
4.Click Create New Plan.
5.Enter a Plan Name. (The Plan Name must be unique for the selected Plan Type.)
6.Select a Plan Type from the drop-down list:
•Medical Insurance
•Dental Insurance
•Vision Insurance
•Life Insurance
•Disability Insurance
•Employee Assistance Program
7.Click OK.
8.Click Add Plan Option to add a row to the main table.
9.Define the Plan Option.
10.Enter the Employee Contribution ($) and Employer Contribution ($).
11.Repeat steps 8-10 to completely define the plan.
To Create a Financial & Retirement Benefits Plan
1.Navigate to the Rewards tab of Compensation Management.
2.Navigate to the Benefits Administration sub-tab.
3.Select Financial & Retirement Benefits.
4.Click Create New Plan.
5.Enter a Plan Name.
6.Select a Plan Type from the drop-down list. (Retirement is currently the only Plan Type option available.)
7.Click OK.
8.Click Add Plan Option to add a row to the main table.
9.Define the Plan Option.
10.Enter the Employer % Match, Employer Contribution Max Salary %, and Additional Employer Contribution (%). See note below.
11.Repeat steps 8-10 to completely define the plan.
Note: For the Additional Employer Contribution (%), vesting schedules are not considered.
To Create a Time-Off & Leave Benefits Plan
1.Navigate to the Rewards tab of Compensation Management.
2.Navigate to the Benefits Administration sub-tab.
3.Select Time-Off & Leave Benefits.
4.Click Create New Plan.
5.Enter a Plan Name. (The Plan Name must be unique for the selected Plan Type.)
6.Select a Plan Type from the drop-down list:
•Paid Time Off
•Paid Holiday Time
•Paid Sick Time
7.Click OK.
8.Click Add Plan Option to add a row to the main table.
9.Define the Plan Option.
10.Enter the Accrual Rate (hours) OR Accrual Rate (days), depending on the Plan Type selected.
11.Repeat steps 8-10 to completely define the plan.
To Create a Mandatory Benefits Plan
1.Navigate to the Rewards tab of Compensation Management.
2.Navigate to the Benefits Administration sub-tab.
3.Select Mandatory Benefits.
4.Click Create New Plan.
5.Enter a Plan Name. (The Plan Name must be unique for the selected Plan Type.)
6.Select a Plan Type from the drop-down list:
•Government Health Care
•Government Retirement
•Federal Unemployment
•Workers' Compensation
7.Click OK.
8.Click Add Nation to add a row to the main table.
9.Select a nation from the drop-down list in the Nation column of the main table.
10.Enter the Employee Contribution (%), Employer Contribution (%), and/or Employee Contribution Max Salary, depending on the Plan Type selected.
11.Repeat steps 8-10 to completely define the plan.
To Create an Additional Benefits Plan
1.Navigate to the Rewards tab of Compensation Management.
2.Navigate to the Benefits Administration sub-tab.
3.Select Additional Benefits.
4.Click Add Benefits to add a row to the main table.
5.Select the Pay Period.
6.Define the Benefit.
7.Enter the Employer Contribution ($).
8.Repeat steps 4-7 to completely define the plan.
Note: To define benefits for an individual employee, navigate to the Employee List and follow directions under To Edit Employee Data Manually.
To Save a Copy of a Benefits Plan
See Save List
To Rename a Benefits Plan
See Save List
To Delete a Benefits Plan
See Save List
To Customize Merit Increases
See Merit Increases
To Create an Incentive Plan
See Incentive Plan
To Customize Sales Incentives
See Sales Incentives
To Customize Discretionary Incentives
To Customize Organization Data
See Compensation Management Settings
To Share an Organization Profile
See My Organizations