Adding a Scorecard

Use this information to set up new scorecards and define how a user's goal achievement is measured.

1. Navigate to Setup > Manage Scorecards.
2. Select Add.
3. Enter the user's Name.

   When at least three characters are entered that match a name or names in the Manage Users list, the system shows suggested names.

   
   

   

   
   
4. Select the user's office branch or location for the Organization.
5. Select the incentive fiscal year for the Year.
6. Enter the user's current annual Salary.
7. Select a Scorecard Type.

   Opportunity scorecards are set up for all users to earn a bonus amount tied to a percentage of their base salary. For example, an opportunity of 30 percent for an officer who makes $100,000 a year has an incentive opportunity of $30,000 ($100,000 * 30 percent) if they max out their incentive.

   Rate-Based scorecards are set up for users to be paid a bonus based on how many times something happens. For example, they can earn $5.00 per new account. They earn an incentive based on how many new accounts open.

8. Enter the user's bonus Opportunity as a percentage.
   For example, Branch Manager 1 has the potential of receiving up to 20 percent of $85,000 in incentive pay.
9. Select an option for Participant in Pool.
   This option defines if performance of the broader organization affects a user's incentive. If their incentive is tied to the pool, then their incentive can be limited if the pool figures are not met. For example, if a bank makes their budget of $5,000,000 in profit, then 100 percent of the pool is funded. If a bank makes between $4,500,000 and $4,999,999, then 80 percent of the incentive is available.
10. Select Add to add a category.
    Multiple categories can be associated with a scorecard. The categories must be individually selected and defined.
11. Select a Category.
    The active standard and custom categories are listed in alphabetical order. To see the standard categories that are available, refer to the standard category descriptions documentation.
    For example, if the Institution Financial Performance category is selected, then a portion of the user's incentive is tied to how well the financial institution does in the incentive year.
12. Complete the following fields:

    Weight

    This setting specifies the percentage of the user's overall opportunity that depends on the achievement of the goals for the category. Regardless of how many categories are set up for a scorecard, the sum of the weights must equal 100 percent.

    Base

    When historical data pertaining to the current category exists in the application, a Base calculation tool provides guidance regarding what constitutes a reasonable value. This tool saves you the work of generating reports to determine what the institution's run rate has been.

    A light bulb icon appears when guidance is available. Selecting the icon shows the details. If you change a category's filters, then the application recalculates the guidance, and a different suggested value appears.

    You can select Apply to enter the suggested value. You can still modify the Base value as needed.

    Note: This tool is only available when the scorecard is set to the current or future year and the Achievement calculation is set to Auto.

    
    

    

    
    

    If you do not use the application's suggested value, then you can use the institution's budgeted amount for the selected category.

    The Base field is sensitive to the category's format type: amount, percentage, whole number, or decimal. Symbols and informational cues help you know how values must be entered.

    Threshold

    The Threshold is the point at which incentive dollars begin to be earned. If the Threshold is not achieved, then no one with a scorecard set up in the same way earns anything from this category.

    The Threshold field is sensitive to the category's format type: amount, percentage, whole number, or decimal. Symbols and informational cues help you know how values must be entered.

    Objective

    The Objective is the target that must be attained before the full incentive amount is paid for the category. The key consideration is where the actual achievement is relative to the Threshold and the Objective.

    The Objective field is sensitive to the category's format type: amount, percentage, whole number, or decimal. Symbols and informational cues help you know how values must be entered.

    Achievement

    For all standard categories, except Year-to-Date (YTD) Charge-offs, you can choose to have the incentive achievement calculated automatically or manually. Auto is selected by default. If Manual is chosen, or if you are working with a custom category, then you must enter the scorecard's achievement values in the Achievements/Adjustments tab.

    To see the fields associated with each category, refer to the standard category descriptions documentation.

    Filters

    Depending on the selected category, filters provide the flexibility for you to fine-tune the measurements for the scorecard. To see the filters that are available for each category, refer to the standard category descriptions documentation.

    Some categories let you add up to three filters where you can specify one or more organizations, officers, and products.

13. Repeat steps 8–10 to add additional categories as needed.
14. Select Save.