Motivate, Reward, and Retain

Compare compensation details side-by-sideclick to enlarge

Compare compensation details side-by-side

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

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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

Human Capital Management Datasheet

Only Workday HCM unifies HR and Talent Management into one solution.

People Management Tools for the Business

Hear real-world insights from Workday customers that have HR organizations playing a significant role in empowering managers with the people-management tools they need to support their business initiatives.

Workforce Optimization Whitepaper

Aligned companies are in the best position to assess their people practices and adapt them for optimal business results.

Top 10 things you should know about the next generation of HCM. For HR professionals.

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