How to change the Effective Date in an active Reward Cycle
Applicable Product:
- Talent Management: Compensation
Applicable Release:
- ALL
Summary:
This article provide steps on how to change the Effective Date in an active Reward Cycle
Details:
Reward cycle effective date can still be changed in an active reward cycle
In this example, Effective Date was 01/03/2018, but the intended value should be 01/01/2025
To make this change, we have to
The value originate from the Plan Effective Date, and it is assigned to each record during the "Assign" step of the Plan Processing.
After the value has been updated, if the plan participants cannot be removed and assigned again, the value can be updated in the Plan Formulas
After that, the plan can be reprocessed and republished to yield the updated value on the worksheet