1. NetSuite Enterprise Performance Management
  2. NetSuite Planning and Budgeting
  3. Planning and Budgeting Workforce
  4. Working With Workforce Assumption Forms
  5. Entering Monthly Assumptions

Entering Monthly Assumptions

The Monthly Assumptions form enables you to make strategic decisions about benefits-related employee expenses. Use the Monthly Assumption form to enter assumptions about monthly rates for health plan expenses and other benefit expenses. Enter these assumptions within a specific Subsidiary context for the current and next fiscal years.

Enter assumptions for the following employee benefits:

For the medical, dental, and vision plan expenses, you can specify the monthly rates for the following employee enrollment options:

To enter monthly rates for employee expenses:

  1. From the Home page, click the Workforce card.

  2. Click the Setup tab on the left-hand side.

  3. Click Monthly Assumptions.

  4. In the Point of View (POV), select a Subsidiary and Currency.

    If you use Forms 1.0, click the Go icon Go icon to apply the changes to the POV.

  5. For the current and next fiscal years, enter the monthly assumptions for medical, dental, and vision plans.

  6. If you offer fringe benefits, in cells from the Employee Fringe Benefits row, enter the monthly rates for those benefits.

  7. If you offer any other benefits, in cells from the Other Employee Benefits row, enter the monthly rates for other unlisted benefits.

  8. Click Save.

  9. (Optional) If your monthly rates change after you saved your Employee Roster, then you should run the NWF_CalcComp business rule. For details, see the help topic Launching Business Rules in the Oracle Help Center.

  10. (Optional) To update the employee-related expense accounts in Workforce:

    1. Right-click the data grid, and then select Update Workforce.

    2. Confirm the Subsidiary and Currency members.

    3. Click Launch.

  11. (Optional) To update the employee-related expense accounts in Workforce and Financials, and to aggregate the application:

    1. Right-click the data grid, and then select Update Financials.

    2. Confirm the Subsidiary and Currency members.

    3. Click Launch.

General Notices