Creating a Benefit Year - A summary of the activity

Through this activity, you can define a benefit year for an organization unit.

Creating a benefit year is a prerequisite to the creation and maintenance of the Benefit objects. Benefit objects include Benefit programs, Benefit plan types and Benefit plans. You can create a benefit year in two ways viz., Calendar year and Fiscal year. Calendar year indicates that the benefit year begins with 1st of January and ends with 31st of December of a year. Fiscal year indicates that the benefit year can have any start date and end date.

Creating a benefit year requires you to specify a unique code to identify the benefit year, accompanied by a short and a long description. You must also define the span of time, for which the benefit year is effective, by specifying the start and end dates.

Specifying Applicability to Organization Units: Specifying Applicability to Organization Units: Subsequently, you are to specify the organization units for which the benefit year will be applicable. You can define whether the benefit year will be applicable for

• The login organization unit

• All organization units

• Selective organization units. If you choose this option, you are to enter a separate page and choose the required organization units individually.

Getting familiar with the pages inside

What you can do in this activity

Through this activity, you can define a benefit year for an organization unit.