Motivate, Reward, and Retain

Workday Compensation Management enables you to design, manage, and adjust compensation programs to meet your complex global rewards requirements.

With Workday, you can:

  • Make better compensation decisions with contextual decision support
  • Define and manage global compensation components, including base pay, variable pay, equity, and allowances
  • Pay for performance based on multiple performance factors, including organization, team performance, and individual performance

Designed with modern global organizations in mind, Workday HCM helps you manage employee compensation by consolidating across multiple plans, teams and geographies.

Design

  • Create compensation plans, including base pay, allowances, bonus, and equity
  • Define compensation guidelines for salary analysis and job leveling
  • Assign compensation guidelines and plans to targeted compensation packages
  • Calculate compensation for global employees or employee groups with higher variable pay

Analyze

  • Review compensation in multiple dimensions (e.g. organization, team, business site)
  • Review global pay scales in multiple currencies by job or job level
  • Monitor compensation processes across business units to ensure total spend doesn't exceed budget
  • Drill into performance-based pay results to ensure top performers are appropriately compensated

Pay for Performance

  • Define global rewards programs with locally appropriate targets to ensure fair and consistent compensation practices
  • Set compensation pools based on bottom up targets or performance goals
  • Motivate and reward based on individual, team, and business performance
  • Make better decisions based on contextual and real-time comparative information during the compensation review

Workday is a leading provider of enterprise cloud applications for human resources and finance. Founded in 2005 by PeopleSoft veterans Dave Duffield and Aneel Bhusri, Workday delivers human capital management, financial management, and analytics applications designed for the world’s largest organizations. Hundreds of companies, ranging from medium-sized businesses to Fortune 50 enterprises, have selected Workday.

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Workday Expenses is unified with Workday’s market-leading HR and Financial Management solutions, creating the optimal expense solution for today’s people-driven enterprise.

Workday leads enterprise application innovation with its new, consumer-friendly time and attendance application, Workday Time Tracking. With Workday Time Tracking, organizations will now be able to reduce labor costs, minimize compliance risks, and increase worker productivity. .

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Workday Expenses is unified with Workday’s market-leading HR and Financial Management solutions, creating the optimal expense solution for today’s people-driven enterprise.

Workday Expenses is unified with Workday’s market-leading HR and Financial Management applications, creating the optimal expense solution for today’s people-driven enterprise.

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