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Compensation Course by Workday

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122 views3 pages

Compensation Course by Workday

Uploaded by

ksnr4help
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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COMPENSATION TRANSACTIONS

DESCRIPTION DURATION
This course is designed for individuals who will process 10 Hours (2 Days)
compensation in Workday for employees during the hire, transfer,
and offer business processes. TRAINING UNITS
1
In this course, you will learn the basics of completing transactions
in Workday Compensation. This course will focus on
compensation terminology, defaulting compensation during transactions, and core
compensation transactions. This course will dive more deeply into specific compensation
transactions, such as proposing compensation for new hires, proposing compensation changes,
requesting compensation changes, and requesting one-time payments.

Individuals who are responsible for managing the configuration of the Workday Compensation
application should attend the Compensation Fundamentals course instead.

PRETRAINING CONSIDERATIONS

To successfully complete this course, users will need a working knowledge of the core concepts
of Workday, including navigation, organizations, business processes, and reporting. These
topics are covered at an introductory level in Workday Core Concepts or in more depth in
Workday Foundations.

Required Prerequisites

None

DELIVERY FORMAT

This course is offered as a:

Learn Independent
Compensation Transactions

OBJECTIVES

This course will prepare you to effectively process and report on compensation transactions.
After completing this course, you will be able to:

• Navigate and view compensation and compensation reports.


• Explain how compensation defaults.
• Complete common compensation transactions such as propose compensation and
request compensation change.
• Use the correct, cancel, and rescind tasks on compensation events.

COVERED TOPICS

1: Compensation Framework and Terminology

• View and navigate compensation in Workday.


• Define and use compensation terminology.
• Summarize the compensation framework.

2: Defaulting Compensation for Transactions

• Explain different scenarios of defaulting behavior.


• Map out and share troubleshooting techniques for default compensation.

3: Compensation Staffing Transactions

• Initiate a hire, rehire, and successfully complete the Propose Compensation Hire
subprocess.
• Initiate an offer and successfully complete the Propose Compensation Offer/Employment
Agreement subprocess.
• Initiate a transfer and successfully complete the Propose Compensation subprocess.

4: Initiating Compensation Events

• Initiate a one-time payment.


• Initiate a compensation change.

2 Compensation Transactions
Confidential © 2021 Workday, Inc.
Compensation Transactions

• Identify transactions that can trigger employee compensation changes.


• Recognize uses for the expected end dates and actual end dates.

5: Managing Compensation Transaction Events

• View worker compensation history.


• Identify the differences between correct, cancel, and rescind.
• Cancel and correct an event.
• Initiate and complete an ad hoc compensation change.

6: Reporting on Compensation Transaction Events

• Run critical compensation reports in Workday.


• Use reports to decipher compensation events.
• Use dashboards to view compensation data.

ADDITIONAL COURSES

Upon completion of this course, consider taking one or more of the following courses,
depending on your role:

• Payroll Transactions
• Compensation Fundamentals
• Advanced Compensation
• Manage by Basis Total
• Calculation Engine for Compensation

Compensation Transactions 3
Confidential © 2021 Workday, Inc.

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