Summary: Use of effective dating addresses the basic challenge of recording the dates when a change is made in the system. To use an HR example, recording when an employee transfers from one department to another. Other examples include contract renewals, territory assignments, and compensation plans. Essentially, any change that you want to be able to document and record a history of when that change happened requires effective dating.
Course Objectives:By the end of this class, you will:
Explain when is an appropriate time to use effective dating techniques and why they are important
Utilize start, end, and transfer dates to create effective dating formulas
Create an Action to sync employee information
Have the system properly attribute resources to the correct hierarchy, such as the employee’s salary to the correct department
Write formulas to calculate headcount
The course will take about 17-20 minutes to complete.