Compensation framework Flashcards
complete this sentence
The Workday compensation framework lets you track compensation at the ___ and ____ ____ level
The Workday compensation framework lets you track compensation at the enterprise and individual worker level
what does comp in WD include ?
One or more compensation packages.
Compensation grades and grade profiles with defined pay ranges.
Compensation plan types (e.g. salary, hourly, and allowance).
Compensation elements.
Compensation eligibility rules.
name 2 ways WD assigns compensation to an employee
through Biz process transactions such as hire or job change
what are some of the eligibility rules that drive comp assignment using worker details ?
org assignments
job profile
location
position
or any other available class report field
what does a comp grade do?
provides guidances with reference to pay ranges for a given job or job Level. They define a minimum, midpoint and three four or 5 segments.
Does WD require a comp range for the total base bay compensation basis ?
yes .
what do comp grade profiles do
allow of localization of pay components
what do comp plans do?
provide various types of pay components
what do comp packages do ?
group comp grades and comp plans together
what do comp eligibility rules do ?
they determine a workers eligibility doe each comp component during staffing and comp transactions.
Default compensation components during staffing
events.
Identify population eligible for merit or bonus target that differs from the default aka assign comp target uniquely to different employee populations for bonus plans, merit plans, stock plans, and grade profiles
you can also use them to roll out or remote comp plans (allowance, bonus commission, merit, stock, and period salary plans) for a target population
how do you control comp components a worker is eligible for ?
assign eligibility rules to the comp compenents using one of the below:
Use the Assign Compensation Components to Rule task.
Directly assign rules to each compensation component definition.
what criteria often defaults when completing comp staffing transactions ?
Package
Grade and grade profile
Salary and hourly plans
Allowance plans
Stock, merit, and bonus plans
how can comp default ? list the methods
Eligibility rules
Grades on job profiles
Default compensation on position
Default compensation on job requisition
Default compensation on offer
true or false
To have compensation components populate by default for eligible employees during staffing transactions (hire, job change), you must further assign the eligibility rule to a compensation package and associate the default grade, grade profile, and one or more plans with that package. The rule for plans can be different than the rule for the package the plans are in
True
true or false
if a worker is eligible for a package, grade, and a plan in the package, defaulting occurs.
true
True or false
If a worker is eligible for a plan that is not in a compensation package, defaulting does not occur, but the plan is available to select.
True
true or false
If a worker is not eligible for a plan and the plan is in the compensation package, defaulting does not occur.
true
true or false
If a worker is eligible for more than one compensation package or compensation grade, these components will not default but the package, grade, and plans will be available to select.
true
true or false
If you use compensation eligibility rules and default compensation from a position, the default compensation overrides the eligibility rules.
true
what is a job profile ?
the foundation of each position or job
What is a job family ?
A grouping of job profiles that selects all profiles in that job family
are employee types tenanted data ?
yes
give examples of employee types
regular, intern, or ex-pat
what feature on the hire job process is used to indicate worker status
exempt or non-exempt. this is a checkbox
management level is what?
A ranking to determine the management level hierarchy assigned to the job profile.
define other rules ;
Eligibility rules to build more complex eligibility rules.
how many delivered fields are available as criteria for building comp eligibility rules ?
50
what happens if you attach two rules to the same comp component ?
the system automatically uses OR logic between the rules
what task would you use to test comp eligibility rules ?
Test Compensation Eligibility Rule task. It is used in a specific instance eg an employees hire event. If you expect that the employee is eligible for the compensation component the rule is attached to, then the result should be “yes” The results also display where the rule is currently in use
which audit analyzes employees that fit the below criteria :
Eligible and assigned to a compensation component.
Eligible, but not assigned to a compensation component.
Ineligible and assigned to a compensation component
Employee compensation audit
if you pulled the Compensation Rule Assignment report what would you expect to see?
the compensation components using the rule. This report also returns a sample population of 50 employees by position that are eligible for these components based on the compensation eligibility rule
true or false
when creating an optimized comp eligibility rule you must
select source fields that have the fewest number of instances.
true .
does order in which conditions are listed matter? why or why not?
yes it matters, you must list conditions that exclude the largest number if instances first. Listing general rules first reduces the number of instances evaluated within each condition , thus optimizing the efficiency of your rule
what are the 3 items you must use in your condition rule that allow to filter out unnecessary data without using calculated fields ?
Filters, subfilters and related objects
True or false:
you can set up more than one comp basis and range for a grade
True
what task enables you to define the comp element field ? and what are the 2 key things that it does ?
Maintain Compensation Element task
this field : Maps compensation plans to payroll earnings.
Defines base pay on compensation grades and grade profiles
what are examples of comp elements ?
base pay, car allowance and commission
What determines an employee’s eligibility for a compensation component during staffing events ?
comp eligibility rule
What groups together compensation plans and grades ?
comp package
What allows for localizations of pay ranges ?
comp grade profile
What compensation component do you associate with a workers earnings ?
comp plan
True or false
You can set up percent, amount or unit based allowance plans to meet business needs ?
True
True or false
defaulting will only occur if a employee is eligible for MULTIPLE comp packages and comp grades
false, defaulting only occurs if the employee is eligible for one comp package and one comp grade
True or false
You CANNOT configure allowance plans to allow for override at time of hire, transfer or during other comp related events
False you can configure this
what is localization as it pertains to comp components ?
this is when pay varies based on location or some other business related criteria
