Sign Up
Course Content
1. Introduction to Advanced Compensation
0/1
• Innovative Compensation Scheme • Configuration of Business Process for Compensation Review • Review of Award merit • Comparison of the tasks of the controller and support roles • Summary of Inventory • As a manager and administrator • Summarize the Bonus • Total Compensation evaluation procedure.
2. Merit Plans
0/1
• Understanding the elements of a Merit Plan • Creating a statement of compensation review. • Methodical procedure for configuring affected personnel and a merit pool. • Creating a task to handle employee compensation awards • Evaluate the process of compensation review’s event coordination • Implementing a merit programme for suitable individuals.
3. Bonus Plans
0/1
What components make up the Bonus Plan? Configuration of a bonus plan and execution of compensation review To establish delay intervals and Proration Rules a. Bonus Strategy: How can a Compensation Scorecard be created? Various Bonus Configurations Utilizing the Compensation Scorecard Using a Compensation Scorecard to design a Bonus Plan. How can the Bonus Process be tested? b. Bonus Plan with Individual Performance Factors: Establishing a Weighted Compensation Matrix Examining a Performance-Based Bonus Plan c. Integration of Bonus Plan Eligible Earnings Override and EIB: How to administer a Bonus Plan utilizing real employee pay? How do I establish an Eligible Earning Override? How to import data for Eligible Earnings Override using EIB.
4. Compensation Matrix
0/1
• What exactly is a Compensation Matrix? • Various forms of Matrices • How can a Compensation Matrix be created?
5. Configurable Grid
0/1
• Examining the possible choices for the customizable grid • Copy and edit a customizable grid • How to conduct effective audits of customizable grids.
6. Eligibility waiting period & Time Proration Rules
0/1
• How to set a waiting time for eligibility • How to Create a Rule for Time Proration • Identifying Different Time Proration Rules • To respect the required minimum effect on the merit pool and employee rewards • Examine the waiting period and time proration regulations in the process of compensation evaluation.
7. Manage Exceptions in Compensation Review
0/1
• Identification of audit reports to be performed Compensation Evaluation • How may individual plan objectives be modified during the Compensation Review? • Configuring and using alternative organizations for the compensation evaluation • Implementing and configuring the Review award processes with shared participants.
8. Stock Plans
0/1
• Development of a Stock Plan • Construction of a Participation Rate Table • How do I administer the Update Stock Grant? • How are stocks issued?
Workday Advance Compensation Training
About Lesson


Previous
Next