Introduction

Workday Compensation Training is one of the learning modes in all best modules.  It performs the significant tasks in total cash and non-cash less. It allows those internal plans to enhance every role performance through a global system as best before programming. It develops & pushups the technical skills of employees in every part of an organization extremely. It also acquires excellent job opportunities for many.

Course Content

1.Compensation Elements

• Frequencies
• Units of Measure
• Compensation Eligibility Rule
• Compensation Element

2.Compensation Guidelines

• Compensation Grades
• Compensation Grade Profiles
• Compensation Grade Steps
• Compensation Grade Hierarchy
• Compensation Step Progression
• Comp Step Adjustments
• Request Grade Change
• Adjustment to grades assigned to job profiles

3. Compensation Plans

• Salary
• Hourly
• Allowance
• One Time Payment Plans
• Commission
• Period Salary Plans
• Calculated Plans

4. Compensation Basis

• Types of Basis: MBT Manage Basis Total
• Non MBT
• Std Compensation Basis (Total Base Pay/ Total Salary & Allowances)

5. Compensation Package & Analytics

6.Manage Compensation

• Request Compensation Change
• OTP
• Mas roll out / Removal of comp plans
• Expected end data – Plan Removal
• Allowance plans adjustments
• Severence