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Compensation Cycles (HCM)
This page documents the shipped Compensation Cycles screen (hcm-compensation) — the annual/periodic process every other Compensation screen (Salary Planning, Salary Review, Merit Increase, Allowances, Bonus Plans, Incentive Plans, Equity/Stock) runs inside of. Not for plugin developers.
Starting a new cycle
Click + New Cycle and fill in:
- Cycle Name and Cycle Code — how you'll identify this cycle elsewhere.
- Cycle Type — Annual Merit, Bonus, Cost of Living, Equity Adjustment, Incentive, Market Adjustment, Mid-Year, Off-Cycle, Promotion, Retention, or Custom. Pick whichever matches what you're actually running — this drives how the cycle is categorized and reported on later.
- Fiscal Year and Effective Date — when the changes made under this cycle should apply from.
- Budget Amount and Currency — your overall budget for the cycle.
- Owner — who's running it.
A new cycle starts in Configuring status — set it up fully before you open it for real use.
Running a cycle
Once you're ready, open the cycle and move it through its stages via Activate, and eventually Close Cycle once every compensation change under it is finalized. The KPI row at the top of the list screen always shows you Total Cycles and how many are Draft / Open / Closed, so you can see at a glance what still needs attention.
Checking a cycle's progress
Open a cycle to see its detail: budget vs. planned vs. approved amount, how many employees are eligible, and its start/end dates — so you can track whether spend is tracking against budget before you close it out.