Notification of Expiration of Awards
This process enables you to notify employees of the imminent expiration of their awards with the help of Workflow.
For more information see the Compensation Management IMG under Administration ® Awards ® Workflow ® Set up Award Expiration Workflow.
- Awards which are granted to employees have a fixed expiration date.
The line manager or the compensation manager grants an employee an award.
The expiration date of an award that has already been granted changes due to a life event.
The employee is informed of the imminent expiration of the award in due time and can decide whether he or she wishes to exercise the award in the time remaining .