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Workday Advanced Compensation Training
Glossary of Terms
Glossary of Workday Advanced Compensation Terms
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Session 1 - Introduction to Advanced Compensation Framework and Merit Plan Configuration
Session Video - Introduction to Advanced Compensation Framework and Merit Plan Configuration (91:59)
Assignment
Quiz
Session 2 - End-to-End Configuration of Bonus Plans and Process Flow
Session Video - End-to-End Configuration of Bonus Plans and Process Flow (97:57)
Assignment
Quiz
Session 3 - Key Distinctions Between Merit, Bonus, and Stock Plans
Session Video - Key Distinctions Between Merit, Bonus, and Stock Plans (93:15)
Assignment
Quiz
Session 4 - Setting Up Scorecards and Performance Metrics in Bonus Plans
Session Video - Setting Up Scorecards and Performance Metrics in Bonus Plans (84:55)
Assignment
Quiz
Session 5 - Bonus Eligible Earnings, Overrides, and Calculation Controls
Session Video - Bonus Eligible Earnings, Overrides, and Calculation Controls (105:06)
Assignment
Quiz
Session 6 - Deploying Bonus Plans with Eligibility Rules and Rollout Steps
Session Video - Deploying Bonus Plans with Eligibility Rules and Rollout Steps (107:38)
Assignment
Quiz
Session 7 - Establishing Compensation Review Templates and Process Design
Session Video - Establishing Compensation Review Templates and Process Design (98:44)
Assignment
Quiz
Session 8 - Performing Actions, Validations, and Adjustments in Review Cycle
Session Video - Performing Actions, Validations, and Adjustments in Review Cycle (103:00)
Assignment
Quiz
Session 9 - Managing Award Proposals, Approvals, and Submissions in Reviews
Session Video - Managing Award Proposals, Approvals, and Submissions in Reviews (91:39)
Assignment
Quiz
Session 10 - Finalizing Compensation Reviews, Validations, and Reporting
Session Video - Finalizing Compensation Reviews, Validations, and Reporting (93:35)
Assignment
Quiz
Session 11 - Severance Package Configuration with Matrices and Pay out Options
Session Video - Severance Package Configuration with Matrices and Pay out Options (111:22)
Assignment
Quiz
Session 12 - Creating Severance Worksheets and Reviewing Manager Submissions
Session Video - Creating Severance Worksheets and Reviewing Manager Submissions (101:33)
Assignment
Quiz
Session 13 - Customizing Compensation Grade Profiles and Conditional Rules
Session Video - Customizing Compensation Grade Profiles and Conditional Rules (111:34)
Assignment
Quiz
Session 14 - Core Compensation Overview with Allowance and Hourly Plans
Session Video - Core Compensation Overview with Allowance and Hourly Plans (40:29)
Assignment
Quiz
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
Workday Advance Compensation - Set 1
Workday Advance Compensation - Set 2
Workday Advance Compensation - Set 3
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
Interview Questions - Set 1
Interview Questions - Set 2
Interview Questions - Set 3
Interview Questions - Set 4
Interview Questions - Set 5
Sample Resumes
Sample Resume - Workday Advanced Compensation Fresher
Sample Resume - Workday Advanced Compensation Mid-Level Professional (2-5 Years Experience)
Sample Resume - Workday Advanced Compensation Senior Professional (8+ Years)
Prepare your Linkedin profile
Linkedin Cheat Sheet
Prepare your Resume
Resume Cheat Sheet
Final Quiz
Test Your Knowledge
Teach online with
Lab Activity - 19. Create Bonus Weighted Matrix
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