Workday Compensation allows your company to create, manage, and adjust compensation programs to best suit your business demands. Designed specifically with modern global organizations in mind, Workday Compensation consolidates employee compensation across multiple plans and geographies into a single view. And as compensation plans change over time, compensation business processes are easily configured with a Web-based interface.
Traditional applications provide a rigid, one-size-fits-all business model and don’t easily support the dynamic compensation requirements of an international workforce. But Workday Compensation adapts to your processes and supports the array of compensation packages, special allowances, and multi-currency requirements of modern multinational organizations.
With Workday Compensation, you can:
Workday Compensation enables you to design, implement, and manage any number of employee compensation plans. For example, you can link compensation around the world to a reference salary grade, or create different functional tracks to assign appropriate pay to work. You can also configure the business rules needed to support your compensation processes and workflow, such as associating positions with specific compensation plans, targeting incentive plans to individual or groups of employees, and establishing chains of approval for compensation changes.
Workday Compensation provides full support for:
Absence | Benefits | Compensation | Development | Performance | Staffing
5-Minute Previews present brief scenarios of how Workday On-Demand HCM and Financials can help you.
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