Workday Compensation Training

Instructor-Led Training Parameters

Course Highlights

  • Instructor-led Online Training
  • Project Based Learning
  • Certified & Experienced Trainers
  • Course Completion Certificate
  • Lifetime e-Learning Access
  • 24x7 After Training Support

Workday Compensation Training Course Overview

Workday Compensation Training by Multisoft Systems is designed to empower HR professionals and Workday users with the knowledge and skills to streamline compensation management processes. This comprehensive program dives deep into the configuration and management of Workday’s Compensation module, enabling participants to design and implement effective compensation plans tailored to organizational needs. The course covers key aspects such as configuring salary structures, managing bonus and merit plans, and automating compensation workflows. Participants will learn to utilize Workday’s advanced features for compensation adjustments, employee equity plans, and detailed reporting. Emphasis is placed on hands-on learning, allowing participants to work directly with Workday’s tools and gain practical experience. Throughout the training, expert instructors guide participants through real-world scenarios, demonstrating best practices for optimizing compensation strategies. The program also highlights the integration of compensation with other Workday modules, ensuring a seamless HR process.

Ideal for HR professionals, payroll managers, and Workday users, this course equips participants with the expertise to enhance compensation transparency and efficiency within their organizations. Whether you are implementing Workday for the first time or looking to refine your compensation management skills, this training provides the tools and knowledge to succeed in a competitive HR landscape.

Instructor-led Training Live Online Classes

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Jan, 2025 Weekdays Mon-Fri Enquire Now
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Workday Compensation Training Course curriculum

Curriculum Designed by Experts

Workday Compensation Training by Multisoft Systems is designed to empower HR professionals and Workday users with the knowledge and skills to streamline compensation management processes. This comprehensive program dives deep into the configuration and management of Workday’s Compensation module, enabling participants to design and implement effective compensation plans tailored to organizational needs. The course covers key aspects such as configuring salary structures, managing bonus and merit plans, and automating compensation workflows. Participants will learn to utilize Workday’s advanced features for compensation adjustments, employee equity plans, and detailed reporting. Emphasis is placed on hands-on learning, allowing participants to work directly with Workday’s tools and gain practical experience. Throughout the training, expert instructors guide participants through real-world scenarios, demonstrating best practices for optimizing compensation strategies. The program also highlights the integration of compensation with other Workday modules, ensuring a seamless HR process.

Ideal for HR professionals, payroll managers, and Workday users, this course equips participants with the expertise to enhance compensation transparency and efficiency within their organizations. Whether you are implementing Workday for the first time or looking to refine your compensation management skills, this training provides the tools and knowledge to succeed in a competitive HR landscape.

  • Gain an in-depth understanding of the Workday Compensation module and its features.
  • Learn to create, configure, and manage various compensation plans, including salary, merit, and bonus plans.
  • Design effective compensation strategies tailored to organizational goals and employee needs.
  • Automate workflows to ensure seamless and efficient compensation management.
  • Understand the integration of compensation with Workday Core HR, Payroll, and Talent Management.
  • Learn to configure and manage employee equity plans, bonus distributions, and incentive structures.

Course Prerequisite

  • Basic understanding of HR and payroll processes.
  • Familiarity with Workday's core functionalities

Course Target Audience

  • HR Professionals
  • Payroll Managers
  • Workday Users
  • HR Managers
  • Talent Acquisition Teams
  • HR Administrators
  • Organizational Development Professionals
  • Workday Implementation Consultants

Course Content

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

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  • 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

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

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

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

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Workday Compensation Training (MCQ) Assessment

This assessment tests understanding of course content through MCQ and short answers, analytical thinking, problem-solving abilities, and effective communication of ideas. Some Multisoft Assessment Features :

  • User-friendly interface for easy navigation
  • Secure login and authentication measures to protect data
  • Automated scoring and grading to save time
  • Time limits and countdown timers to manage duration.
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Workday Compensation Corporate Training

Employee training and development programs are essential to the success of businesses worldwide. With our best-in-class corporate trainings you can enhance employee productivity and increase efficiency of your organization. Created by global subject matter experts, we offer highest quality content that are tailored to match your company’s learning goals and budget.


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Customized Training

Be it schedule, duration or course material, you can entirely customize the trainings depending on the learning requirements

Expert
Mentors

Be it schedule, duration or course material, you can entirely customize the trainings depending on the learning requirements

360º Learning Solution

Be it schedule, duration or course material, you can entirely customize the trainings depending on the learning requirements

Learning Assessment

Be it schedule, duration or course material, you can entirely customize the trainings depending on the learning requirements

Certification Training Achievements: Recognizing Professional Expertise

Multisoft Systems is the “one-top learning platform” for everyone. Get trained with certified industry experts and receive a globally-recognized training certificate. Some Multisoft Training Certificate Features :

  • Globally recognized certificate
  • Course ID & Course Name
  • Certificate with Date of Issuance
  • Name and Digital Signature of the Awardee
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Workday Compensation Training FAQ's

This training is ideal for HR professionals, payroll managers, compensation analysts, HRIS specialists, and anyone working with Workday or in compensation management.

While prior Workday experience is not mandatory, a basic understanding of HR and payroll processes will be helpful.

The course covers compensation plan configuration, bonus and equity management, automation of compensation workflows, and reporting within the Workday Compensation module.

Yes, the training provides hands-on experience with Workday’s Compensation tools, enabling participants to practice real-world scenarios.

To contact Multisoft Systems you can mail us on info@multisoftsystems.com or can call for course enquiry on this number +91 9810306956

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