Workday Advanced Compensation Training

Become comfortable with Advanced Compensation by fully uderstanding how exactly it works.

⌛30 Hours    ▶ 15 videos    ★ 409 Reviews

Our Services

Workday Advanced Compensation Training services are provided in the Countries including Workday Training in India, Workday Training in UK, Workday Training in Australia, and Workday Training in Canada.

Course Features 
Workday Consultant


Placement and Job Support


Workday Certification Assistance


Implementation of real-time projects

Life time Access


24/7 Support

Highlights

  1. No prerequisite
  2. Priceless downloadable certified documents (PDF, PPT, XLS, Visio's, DOC)
  3. 24/7 access to course curriculum for limited duration
  4. 24*7 Workday Tenant access for 720 hours
  5. Hands-on support from the trainer
  6.  Interview preparation, job placement, and support
  7. Remote job placement with this training 
  8. 70+ Real-world projects, examples and case studies  
  9. 500 Interview questions 
  10. Sample resumes for every Workday job
  11.  Flexible schedule to fit your needs

What you will learn

  1. 10 years of real-time Workday live project experience by our expert
  2. Learn the Workday Technical Basics, foundation, and essentials.
  3. Learn about Compensation package Eligibility Rule, Compensation Packages and Changes
  4. Learn how to set up, create merit plans and custom merit statements.
  5. Learn methods to configure and process merit, bonus, and stock plans.
  6. Learn to demonstrate successful merit, bonus, and stock process as a compensation administrator and manager.
  7. Map and manage employees in the compensation review process using eligibility rules, waiting periods, time proration rules
  8. Workday Certification assistance and referral for immediate certification
  9. After this course, you will have the skills to start a successful career in Workday Advanced Compensation.
Buy Your Course

Workday Advanced Compensation Training

<<< 35% OFF!! >>>
$1000
Just $649 Now

  • Cheat sheets for videos
  • Downloadable Documents
  • Real-time project experience 
  • Course curriculum access 
  • No Refund Policy
For Direct Payment from US, pay $549  (Zelle/Quick pay from any bank account in US to workday@erpcloudtraining.com)

Course Summary

Introduction:

Our Workday Advanced Compensation Online course is designed to provide Functional knowledge for Learners from certified Experts. This online training program is comprehensive with real-world scenarios delivering practical value to aspirant workday professionals. After the completion of this course, Trainee will: This course is designed for aspiring compensation administrators who are responsible for deploying and maintaining the merit, bonus, and stock infrastructure and processes in Workday. In this course, you will configure and apply concepts like compensation review process, merit, bonus, and stock plans, configurable grid, compensation matrix, and coordination of events. Knowledge of Workday HCM is a prerequisite before learning this module in Workday.

Advanced Compensation Framework: 

The frame work of this course is designed for learners to be able to describe the advanced compensation structure, summarize the process to award merit, stock, and bonus and learn configuration of compensation eligibility rules. Trainees would also learn to configure the compensation review business process, differentiate between the responsibilities of the controller and support role, complete compensation review as a manager and compensation administrator.

Configurable Grid 

Concepts covered in this topic include identification of the options available for the configurable grid, copying and modifying a configurable grid, running configurable grid audit reports, coordination of events, ability to explain the coordination of events functionality for termination and parallel events, definition of the various effective dates and the creation of a compensation participation rule.

Merit Plans, Eligibility Waiting Period and Time Proration Rules 

Students would acquire knowledge on merit plans and be able to describe the components of a merit plan, map the merit process, conduct a rollout for a merit plan to eligible participants, configure a compensation process template, process compensation awards for employees. They would also learn how to create an eligibility waiting period, identify the different types of time proration rules. create a time proration rule, test the waiting period and time proration rules in the compensation review process, and view the impact statutory minimums have on the merit pool and employee awards.

Compensation Matrix and Bonus Plans 

Students would learn how to define the different types of matrices and the creation of a compensation matrix. They would also understand how to describe the components of a bonus plan, configure a bonus and run the compensation review process. complete bonus awards for employees, bonus Plan with individual performance factors, creation of a weighted compensation matrix, initiation and running a bonus plan with performance factors.

Stock Plans and Consolidated Compensation Review Process 

Trainees would be taught how to create a stock plan, create a stock participation rate table, explain how stock is awarded in the Initiate Merit Process, review related reports, run the Update Stock Grant task, list the components of a compensation review process, create a process validation, initiate the consolidated compensation review process, configuration of manage impacted employees step and configure merit pool. To learn further in Workday, you can check out our other courses like Workday Finance Training, Workday Benefits Training or Workday Prism Analytics Training.

Course Curriculum

Reviews

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Amanda

The Perfect Compensation Package

I felt that this package is a perfect fit to obtain all the required knowledge with respect to compensation grid, stock grant, bonus, and the like. What truly impressed me the most was the fact that it contains plenty of real-time practical projects which are very simple to understand and which take into account all the facts that are required to create a successful Workday Compensation Expert. It starts from the basics and rises to expertise in a well-designed layout. I have to definitely thank Mary for giving me sufficient time to practice in the Tenant. She is a very patient teacher and her entire team were very supportive throughout my training. - Joshua Pitt

11 months ago
Judith

An Ocean of Knowledge

I'm very impressed with your step by step teaching of the Advanced Compensation course. Compensation grid structure and stock process had a very comprehensive explanation which was easy to understand. Your course has made me an expert in this field and has given me so much in-depth knowledge. All the materials were downloadable and I could save it for reference in the future. Further, I'd like to add that Workday training has helped me boost my confidence and morale. Thanks, Mary.

11 months ago

ABOUT INSTRUCTOR

    • Mary is global ERP implementation expert, director, program manager, and transformational leader from Dallas, Texas. She has 30 years experience in ERP with 12 years experience in Workday. She is a certified global lead / solution architect who has led multiple conferences and global projects across 60 countries. She is an expert in implementation, Hypercare, Training, Data conversion, Integrations, Change Management, Project Management and Testing. You will get the best training in the world with valuable training documents and practical real time projects.  
    • Mary has repeatedly demonstrated her capabilities combining business acumen with strong financial discipline, deep design insights and organizational management skills to successfully grow businesses, lead them through successful turnarounds and revitalization, and manage them across all stages of the business life cycle. She has an established track record of increasing both enterprise and cash flow in companies across multiple industries. She is a growth-focused, results-oriented, and solutions-driven leader with proven history of bringing analytical insights and pragmatic solutions to key business challenges.