Payroll

Workday Payroll Datasheet

Payroll Demo

Workday Payroll allows you to group employees, manage payroll calculation rules, and pay employees according to their organizational, policy and reporting needs. Our payroll software is simple and configurable software-as-a-service (SaaS) solution that's designed to accommodate global payroll requirements and the requirements of individual companies.

Power and Flexibility

Traditional payroll solutions provide a hard-coded, out-of-the-box solution that may meet some of your requirements. However, when it's time to calculate those unique earnings or tax deductions, or retrieve balances for your fiscal year or other unique time periods, these solutions often fall short. When you use Workday Payroll, the Calculation Engine lets you define specific earnings, deductions, accumulations, and balances. This same configurable approach is used by Workday to deliver and maintain statutory calculations such as Federal/State/Local withholding, FICA, EIC, etc.

Workday Payroll provides full configuration for:

Earnings and Deductions
Workday Payroll allows you to configure earnings and deductions according to the needs of your organization. Using Workday, you can easily map to compensation elements and benefit plan costs, as well as identify eligibility criteria and scheduling logic, such as only taking medical deductions on the first pay period of each month. A flexible tagging feature is also available to create dynamic groups as needed and to make human resource management easier.

Accumulations and Balances
Workday Payroll's business intelligence feature lets you configure accumulations, balance periods and balances according to your current calculation and reporting needs. You can also easily modify or add to the list of balances at any time.

Pay Groups
Group your workers into logical pay groups according to your organizational needs, with no restrictions related to FEIN or type of employee.

Processing
Identify criteria to determine the population to be calculated for each type of payroll process (regular vs. bonus, etc.).

Reporting
Configure reports to display balance period values as needed. Using a simple mapping approach, create configurable payroll accounting reports showing any earning, deduction, accumulation, or balance result.

Tax Updates
Leave behind the tedious process of applying tax updates (rate, limit, calculation changes, etc.) to your system on a regular basis. With a rules-based design, Workday's payroll accounting software is able to quickly react to tax updates and deliver these seamlessly to you as needed.

Eliminate Pain Points

Workday Payroll has been designed to streamline your initial implementation, as well as make the day-to-day activities in your payroll cycle more efficient than ever. Thanks to Workday's unique configuration approach, you can say goodbye to these typical payroll implementation pain points:

• Setting up many different lists to control payroll processing.
  Solution: Through simple configuration, gross-to-net is calculated for different types of runs as well as criteria for specific earnings and deductions.

• Defining balances for all earnings, deductions, and accumulations for which you want to see ‘period-of-time' values.
  Solution: Create a few simple balance periods and the system can retrieve any values on-the-fly for these periods-of-time. You can also create additional balance periods after implementation and still retrieve applicable values as of any context period (even those already calculated).

• Creating solutions outside of Workday to handle your unique HR reporting needs.
  Solution: Through simple mapping, view any pay results needed for any period of time. In addition, any page in Workday can be exported to Excel or PDF when needed.

Day-to-day payroll activities are also streamlined through the ability to:

• Enter all payroll-related data for a worker directly, without having to navigate to different pages.
• Run multiple pay groups together at the same time.
• Take real-time action on a pay-calculation result for a worker via one-click actionable report

Better Business Intelligence
Making the right information available to you on a timely basis is key to making your payroll activities run smoothly. Workday Payroll service allows you to easily access and report on all payroll data, including the ability to retrieve any value for any period-of-time on the fly.

Workday Payroll provides full support for:

• Efficiently answering employee questions regarding their pay checks - Workday Payroll provides the ability to quickly access pay results for any period, scroll through results, and view period-of-time values on-the-fly. It also provides the ability to view/edit all worker-related data via a single click - whether payroll-related, benefits-related, or compensation-related.
• Auditing payroll results - Workday's payroll preperation software provides the ability to perform comprehensive audits against your payroll results using any criteria.
• Creating the reports you need - Workday Payroll provides a mapping mechanism that allows users with appropriate permissions to access any payroll results in any format. You can also retrieve any value for any period-of-time on-the-fly.
• Exporting any page or report directly to Excel or PDF - Workday Payroll provides the ability to export any page or report directly to Excel or PDF with a single click.