With compensation management software from Workday, you get a single system that pays off big. Every team across the organization can take part in compensation review and access the information they need to set the right rewards.
Pay equity dashboards
Compensation analysis tools
Total rewards statements
Reward employees, together.
Now administrators and managers can collaborate on the merit process while gaining insights to inform decisions at every step. And we provide all the configurations you need to define merit awards, from bonuses to stock plans and more.
Craft the mix that matters most.
Create a marketable mix that attracts and keeps your best talent. Workday allows you to combine compensation components from regular pay to merit, bonus, and stock.
Design programs that work for your workforce.
Setting compensation isn’t a one-size-fits-all endeavor. That’s why we give you the flexibility to create compensation programs that meet the varying needs of your people. Configure many compensation elements, including:
Our customers reduced end-to-end compensation planning cycles by 80%.
TOTAL REWARDS TRANSPARENCY
Provide total insight into total rewards.
Our total rewards statements let you show your employees the full value of their rewards. And unlike many vendors, this feature is included as part of Workday Compensation.
Deliver greater transparency.
Educate your workforce.
Include both comp and benefits.
View statements on-demand.
Compensation benchmarking that gets it right.
Stay competitive in today’s talent market with more comprehensive compensation benchmarking. By combining multiple data sources—such as pay range and retention risk—Workday makes it easier to see if you’re offering rewards that people expect and want.