‘Fixed amount — lump sum’ mechanism

Definition

A mechanism where the earnings are a fixed amount that is independent of transactions. This can either be paid as a lump sum or apportioned across the whole program line period.

Example

A program line for which the earnings are £10,000, irrespective of transacted value, paid as a lump sum at the end of the program line period.

Configuration approach

The Fixed amount — lump sum and Externally calculated — lump sum plug-ins are exceptional, in that they are the only plug-ins for which transacted value is not relevant.

For a program line that uses this plug-in, the standard approach is one where:

• You will be required to enter the earnings for the program line as a monetary amount. Selecting dimension items will not change the earnings.
• Enable will assign your earnings value as the earnings for the program line without attempting to match the program line to any transaction lines or perform any earnings calculations.

Optional settings

For a program line that uses the Fixed amount plug-in, there are no optional configuration settings.

You will be required to enter the earnings for the program line as a monetary amount and will be unable to enter any further information in the ‘Mechanism details’ area.