Glossary of Terms
Follow our LinkedIn Workday Learner Community for a lot of Free Content
Session 1 - Introduction to Advanced Compensation Framework and Merit Plan Configuration
Session 2 - End-to-End Configuration of Bonus Plans and Process Flow
Session 3 - Key Distinctions Between Merit, Bonus, and Stock Plans
Session 4 - Setting Up Scorecards and Performance Metrics in Bonus Plans
Session 5 - Bonus Eligible Earnings, Overrides, and Calculation Controls
Session 6 - Deploying Bonus Plans with Eligibility Rules and Rollout Steps
Session 7 - Establishing Compensation Review Templates and Process Design
Session 8 - Performing Actions, Validations, and Adjustments in Review Cycle
Session 9 - Managing Award Proposals, Approvals, and Submissions in Reviews
Session 10 - Finalizing Compensation Reviews, Validations, and Reporting
Session 11 - Severance Package Configuration with Matrices and Pay out Options
Session 12 - Creating Severance Worksheets and Reviewing Manager Submissions
Session 13 - Customizing Compensation Grade Profiles and Conditional Rules
Session 14 - Core Compensation Overview with Allowance and Hourly Plans
Additional Videos
-
Session 1 - Compensation Overview (30:36)
-
Session 2 - Importance of Compensation Eligibility Rule (40:45)
-
Session 3 - Create Compensation Rule (93:01)
-
Session 4 - Eligibility Rule (64:34)
-
Session 5 - Create Salary Plan (92:58)
-
Session 6 - Unit salary Plan (92:58)
-
Session 7 - Periodic Salary Plan, Allowance Plans (88:24)
-
Session 8 - Hourly Plan, Calculated Plans (105:53)
-
Session 9 - Testing the Plan Compensation Change (111:42)
-
Session 10 - Business Process (48:03)
-
Session 11 - Compensation Structure (70:21)
-
Session 12- Merit Plans (90:56)
Additional Videos
-
Session 1 - Compensation Framework (86:58)
-
Session 2 - Merit Planning (64:01)
-
Session 3 - Compensation Reviews (113:20)
-
Session 4 - Compensation Plans, Bonus Plan, Calc Fields (121:05)
-
Session 5 - Comp Details report, Bonus Plan rules, Comp Plan Rollout, Launching Comp Process (107:25)
-
Session 6 - BIRT Demo (61:58)
Assessments
-
Assessment - 1. Components Elements and Eligibility Rules
-
Assessment - 2. Grades and Grade Steps
-
Assessment - 3. Manage Compensation
-
Assessment - 4. Hourly
-
Assessment - 5. Allowance
-
Assessment - 6. Merit
-
Assessment - 7. Bonus
-
Assessment - 8. Stock
-
Assessment - 9. Set Up Compensation Reviews
-
Assessment - 10. Understanding Compensation Reviews
-
Assessment - 11. Calculated Plans
-
Assessment - 12. Compensation Basis
-
Assessment - 13. Compensation Statements
-
Assessment - 14. Severance
-
Assessment - 15. Market Salary Data
Assignments
-
Assignment - 1. Components Elements and Eligibility Rules
-
Assignment - 2. Grades and Grade Steps
-
Assignment - 3. Manage Compensation
-
Assignment - 4. Hourly
-
Assignment - 5. Allowance
-
Assignment - 6. Merit
-
Assignment - 7. Bonus
-
Assignment - 8. Stock
-
Assignment - 9. Set Up Compensation Reviews
-
Assignment - 10. Understanding Compensation Reviews
-
Assignment - 11. Calculated Plans
-
Assignment - 12. Compensation Basis
-
Assignment - 13. Compensation Statements
-
Assignment - 14. Severance
-
Assignment - 15. Market Salary Data
Lab Activity
-
Lab Activity - 1. Compensation Eligibility Rule
-
Lab Activity - 2. Create Merit Plan
-
Lab Activity - 3. RollOut Merit Plan
-
Lab Activity - 4. Initiating Merit Process
-
Lab Activity - 5. Compensating Employees
-
Lab Activity - 6. Create Eligibility Waiting Period
-
Lab Activity - 7. Create Proration Rule
-
Lab Activity - 8. Test Waiting Period and Proration Rule
-
Lab Activity - 9. Initiate Merit Process
-
Lab Activity - 10. Create Merit Percent Matrix
-
Lab Activity - 11. Update Merit Plan
-
Lab Activity - 12. Initiate Merit Process
-
Lab Activity - 13. Create Bonus Plan
-
Lab Activity - 14. RollOut Bonus Plan
-
Lab Activity - 15. Initiating the Bonus Process
-
Lab Activity - 16. Compensating Employees
-
Lab Activity - 17. Create Eligibility Waiting Period
-
Lab Activity - 18. Create Proration Rule
-
Lab Activity - 19. Create Bonus Weighted Matrix
-
Lab Activity - 20. Test Waiting Period, Proration Rule and matrix
-
Lab Activity - 21. Initiate Bonus Process
-
Lab Activity - 22. Create Compensation Scorecard
-
Lab Activity - 23. Add Scorecards to Bonus Plan
-
Lab Activity - 24. Scorecard Results
-
Lab Activity - 25. Initiating the Bonus Process
-
Lab Activity - 26. Compensating Employees
-
Lab Activity - 27. Update Scorecard Results
-
Lab Activity - 28. Initiate a Bonus Event by Location Hierarchy (OPTIONAL Activity)
-
Lab Activity - 29. Bonus Eligible Earnings Override
-
Lab Activity - 30. Enter Eligible Earnings Override
-
Lab Activity - 31. Initiate a Bonus Event
-
Lab Activity - 32. Create Stock Unit Grid
-
Lab Activity - 33. Create Merit Grid
-
Lab Activity - 34. Configure Compensation Review Validation
-
Lab Activity - 35. Create Stock Plan
-
Lab Activity - 36. Create Stock Participation Rate Table
-
Lab Activity - 37. Roll Out Stock Plan
-
Lab Activity - 38. Initiate Stock Process
-
Lab Activity - 39. Deferred Bonus
-
Lab Activity - 40. Roll Out Bonus Plan
-
Lab Activity - 41. Edit Grid Configuration and Finalize Bonus
-
Lab Activity - 42. Initiate Bonus Process
-
Lab Activity - 43. Create a New Compensation Review Participation Rule for Bonus
-
Lab Activity - 44. Create a New Compensation Review Participation Rule for Merit
-
Lab Activity - 45. Create Merit Plan
-
Lab Activity - 46. Roll Out Merit Plan
-
Lab Activity - 47. Initiate Merit Process
-
Lab Activity - 48. Parallel Processing
-
Lab Activity - 49. Compensating Employees with Merit
-
Lab Activity - 50. Configure Manage Basis Total
-
Lab Activity - 51. Initiate Merit Process
-
Lab Activity - 52. Compensating Employees with MBT
Lab Activites
-
Lab Activity - Advanced Compensation for Workday 30
-
Lab Activity - How to work on Compensation Details Report, Bonus Plan rules
-
Lab Activity - How to work on Compensation BIRT
-
Lab Activity - How to work on Compensation Framework
-
Lab Activity - How to work on Compensation Plans, Bonus Plan, Calculation Fields
Certification MCQ's
Capstone Projects / Case Studies
-
Capstone Project - 1. Advanced Compensation Analytics for HiTech Corporation
-
Capstone Project - 2. Automating Compensation Adjustments Based on Employee Changes
-
Capstone Project - 3. Comprehensive Rewards Program
-
Capstone Project - 4. Designing Merit and Bonus Plans with Eligibility Rules
-
Capstone Project - 5. Multi-Currency and Global Compensation Plans
Interview Questions
Sample Resumes
Prepare your Linkedin profile
Prepare your Resume
Final Quiz
