Role : Workday Advanced Compensation Consultant
Skills: Workday Time Tracking~Workday Compensation Management Experience Required: 4-6
Job Summary
We are seeking an experienced Workday Advanced Compensation Consultant to lead the design, configuration, implementation, and support of Workday Advanced Compensation solutions. The ideal candidate will have expertise in compensation planning, merit cycles, bonus planning, stock awards, compensation eligibility, and Workday compensation frameworks.
Key Responsibilities
Functional Responsibilities
• Gather and analyze business requirements related to compensation planning and reward management.
• Design and configure Workday Advanced Compensation solutions aligned with organizational compensation strategies.
• Collaborate with HR, Compensation, Finance, and business stakeholders to define compensation processes and policies.
• Translate business requirements into scalable Workday configurations.
Workday Configuration
• Configure and maintain:
o Merit Plans
o Bonus Plans
o Stock Plans
o Compensation Reviews
o Compensation Grades & Ranges
o Compensation Eligibility Rules
o Guidelines and Budget Allocations
o Compensation Security Roles
o Compensation Reports and Dashboards
• Support annual compensation planning cycles and off-cycle compensation events.
• Configure custom validations, eligibility criteria, and approval of workflows.
Compensation Cycle Management
• Lead end-to-end compensation review cycles.
• Configure compensation review of events and planning processes.
• Manage budget allocations and planning assumptions.
• Support compensation recommendations, approvals, and audits.
• Ensure accurate execution of merit, bonus, and equity of award processes.
Functional Skills
• Solid understanding of:
o Compensation Planning
o Salary Structures
o Market Benchmarking
o Variable Pay Programs
o Incentive Compensation
o Pay-for-Performance Models
o Compensation Governance