The Value of Workday Advanced Compensation

Empower employees and stakeholders in their compensation planning initiatives. Managing compensation effectively can mean the difference between exceeding or missing your corporate objectives. Workday Compensation fosters collaboration and provides you with the right tools for making optimal decisions across the business.

Key Benefits

• Pay for performance: Administrators can create award budgets and distribute budget pools to managers so they can recognize their outstanding performers.
• Seamless coordination of events: With 1 system for Human Capital Management and Compensation, there’s no need to reconcile data or worry about ineligible participants in the planning process.
• Increase visibility: Managers can view their award pool budget alongside worker data.
• Improve the planning process: A configurable grid enables simpler setup and a smoother employee experience.
• Promote transparency: Provide employees with a comprehensive breakdown of their compensation and benefits packages with configurable compensation and total reward statements.

Results:

• Reduce end-to-end compensation planning cycles
• Retain employees with a data-driven pay-for-performance model

See Advanced Compensation in Action

Quick Demo

Extended Demo

Deployment Options

Workday Professional Services

Our services team provides various deployment options specifically for Workday Advanced Compensation.

Launch

• Launch is a deployment approach where Workday leads the design, configuration, and migration activities while you own testing, and co-own project management. This is a prescriptive approach focused on leading practices built on a preconfigured tenant.

Self-deploy

• You can always self-deploy, which means that you own all deployment activities yourself. To supplement self-deployment, we offer relevant coaching packages to help you along the way.

Workday Partners

You can also work with one of our certified partners for your Workday Workforce Planning deployment needs. Workday Partners use the same methodology and tools as our services team to ensure the path to a successful go live remains the same. 

Find a Partner

We’re here to help you determine which deployment methodology best suits your needs. For more information, contact your Account Executive or Customer Success Manager to schedule a discovery call with one of our Services Executives.

Training and Resources

• Coffee Mornings with Workday - Advanced Compensation: Watch this webinar to understand how Advanced Compensation can help you make better decisions through analysis, find a collaborative compensation process, and be more agile to manage changes. 

Customer Testimonial

By moving from an on-premise, manual system to Workday, Choice Hotels gained the efficiency needed to focus on bigger HR initiatives. Before Workday, significant time was spent entering data, and processes were cumbersome. By using reporting tools and data available through Workday, the demand for analytics and information has grown. Choice even saw a 50% reduction in time to process their annual compensation review. 

Read the Full Case Study.