Workday Advanced Compensation Training – The only Course you need

⏰22 hours | ▶️ 26 Videos | 📣 48 Participants | 🎓 3491 Reviews | 4.9 ⭐⭐⭐⭐⭐

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Upcoming Batches PST

Weekday

Dec 12(1 HR A DAY)

07:30 PM PST

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Dec 30(1 HR A DAY)

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Weekend

Dec 29(1 HR A DAY)

07:30 AM PST

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Upcoming Batches IST

Weekday

Dec 13(1 HR A DAY)

08:00 AM IST

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Dec 31(1 HR A DAY)

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Weekend

Dec 29(1 HR A DAY)

08:00 PM IST

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Course Description

Our Workday Advanced Compensation training, provides you a fundamental idea of how it works in the Workday.

In the Advanced Compensation Course, you’ll be dealing with various topics such as Stock plans, Compensation grid, etc.,

The Course structure helps the professionals who work primarily on compensation and are willing to learn stock infrastructure in Workday.

The training is entirely online and available on both Weekdays and weekends.

There is a massive demand in the market for Advance compensation nowadays. And it is always necessary for an individual to possess Workday Certification for their career growth.

By the end of these online training classes, you’ll be able to configure, demonstrate success in all the aspects of Workday Compensation.

Features

Course Content

1.Introduction to Advanced Compensation

Advanced Compensation Structure
Configuration of Compensation Review Business Process
Summary of Award merit
Comparison between controller and support role responsibilities
Summary of stock
Summary of Bonus
Total Compensation review process as a manager and as an administrator.

2.Merit Plans

Learning the components of a Merit Plan
Creating a compensation review statement.
Step by step process of configuring impacted employees and configuring a merit pool
Creating a task of process compensation awards for employees
Evaluate the coordination of events for the compensation review process
Performing a rollout for a merit plan for eligible candidates

3.Bonus Plans

What are the components of the Bonus Plan?
Configuration of a bonus plan and run the compensation review process
To create waiting periods & Proration Rules

a. Bonus Plan: Scorecard:
How to create a Compensation Scorecard?
Different Bonus configurations using Compensation Scorecard
How to create a Bonus Plan using a Compensation Scorecard?
How to test the Bonus Process?

b. Bonus Plan with Individual Performance Factors:
How to create a Weighted Compensation Matrix
Testing a Bonus Plan with Performance Factors

c. Bonus Plan Integration: Eligible Earnings Override & EIB:
How to run a Bonus Plan using actual employee compensation?
How to create an Eligible Earning Override?
How to use EIB to load data for Eligible Earnings Override?

4.Compensation Matrix

What is Compensation Matrix?
Different types of Matrices
How to create a Compensation Matrix?

5.Configurable Grid

Exploring the various options available for the configurable grid
Copy and modify a configurable grid
How to successfully run configurable grid audit reports

6.Eligibility waiting period & Time Proration Rules

How to create an eligibility waiting period
How to create a Time Proration Rule
How to identify various Time Proration Rules
To observe the statutory impact minimums, have on merit pool & employee awards
To examine the waiting period & time proration rules in the compensation review process.

7.Manage Exceptions in Compensation Review

Identification of audit reports to audit Compensation Review
How to modify individual plan targets during the compensation Review?
Configuring & use alternate organizations for the compensation review
Configuring & implementing the Review award steps using shared participants.

8.Configurable Grid

Exploring the various options available for the configurable grid
How to successfully run configurable grid audit reports
Copy and modify a configurable grid