BASIC
$399
- Advanced sessions
- Interview Q&A
- Free study Materials
- Premium Technical support

Workday Advanced Compensation is a cloud-based compensation management solution designed to assist organizations in managing and administering their compensation programs effectively. Users have access to a centralized repository for compensation data as well as tools designed specifically to design, administer, analyze and report compensation programs and data.
This course is tailored for HR professionals and compensation analysts seeking to utilize Workday Advanced Compensation. This training covers configuring compensation plans, administering compensation cycles and overseeing compensation processes.
This course will teach users to set up and configure Advanced Compensation as well as use its features and tools available within this segment.
#OVERVIEW
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#EXPERIENCE
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Features ?
- Lifetime access
- Lifetime video access
- Real-time case studies
- The project integrated into the Curriculum
- 24*7 Support from our team of administrators
Frequently Asked Questions
Do you offer any discount/offer?
Yes, offers keep changing from time to time. You can chat with us or call our training coordinator for more details.
Is there any demo video which I can watch before enrolling to the course?
Yes, we have provided a Demo video section on each course page so that you can get a glimpse into the course you want to enroll.
How soon after signing up would I get access to the learning content?
Yes, we will provide access to all the learning materials after the complete payment for the course.
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
9.Stock Plans
Creation of a Stock Plan
Design of a Stock Participation Rate Table
How to run the Update Stock Grant?
How is stock awarded?
Drop US Query
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