Vesting rules are used to classify variable compensation plans and is only meant to be used for reporting. The setup for vesting rules is easy with a name, description and
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Pay rate conversions are used to define the time period for which the compensation plan is specified. If some workers has a annual salary, they should get the same compensation
You set up eligibility rules to define whom is eligible to get the compensation. You can set the rule to apply to labor union, location, job, function, department or job
In the compensation plan you click compensation structure in the action tab, there you can set the range of the compensation grids based on the information set in the fixed
You use reference points in fixed compensation plans to make sure all your employees are in the same range of pay thus making sure of equal payment for all. Reference
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