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.

Act locally, manage globally

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:

• Structure compensation packages according to the needs of your organization.
• Define rules to assign appropriate compensation to employees.
• Perform all compensation activities in a single, consistent environment.
• Easily modify any aspect of compensation as needs change.
• Maximize operational efficiency via one-click actionable reports.
• Identify and eliminate pay discrepancies by applying compensation leveling tools to salary grades and profiles.
• Configure business rules to support your company’s compensation processes

Support change and growth

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:

• Compensation Plans and Packages – Apply flexible controls around the entire compensation process.
• Incentive Compensation – Define rules to assign employees to global incentive plans, fund bonuses by department, calculate target bonuses based on funding, propose and grant merit increases and configure approvals to meet your requirements.
• Stock – Set up and manage stock plans and employee stock grants.
• Payroll – Get out-of-the-box integration to Workday Payroll, as well as seamless Web service-based integration to ADP Payforce, ADP PCPW, ADP Pay@work, ADP PayeXpert and Ceridian.

Explore Workday HCM

Absence | Benefits | Compensation | Development | Performance | Staffing