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Workday
Workday compensation

Workday Compensation Training by Techpratham provides in-depth knowledge of managing compensation structures, plans, and employee rewards. It enables professionals to configure salary, bonus, and benefits programs within Workday HCM.

5/5(4,890 Reviews)

Level

Advanced

Duration

8 weeks

What is Workday compensation?

Workday Compensation Training by Techpratham teaches people how to create and run pay programs that are in line with the goals of the organization. It includes basic pay, advanced pay, bonus and merit plans, and setting up allowances. Learners get to set up compensation packages, rules, and eligibility criteria in real life. By the end, participants will know how to use Workday to manage and improve compensation strategies.

Training Plan

About trainer

Working professional who is carrying more then 10 years of industry experience.

Decks

The candidate will get access to the presentation taken-up during the session.

Notes

Consolidated notes in word document.

Assignments

Assignments for every module will be covered.

MCQs

MCQs for every module covered in the session would be provided.

Video Recording

Daily Session would be recorded and shared to the candidate.

Dumps for Certification

We will provide dumps for the certification exam, which will help you to prepare for the exam.

Updated Content

We provide Generative AI Driven content By experts.

Projects

3 Live Projects will be provided for practice.

Workday compensation Course Curriculum
.

Introduction to Workday Compensation
Section 1

Learn the basics of compensation within Workday HCM.

Compensation Overview
Compensation Components
Core vs Advanced Compensation
Workday Security for Compensation
.

Compensation Framework Setup
Section 2

Learn the foundational framework used in Workday for managing compensation plans, grades, packages, and eligibility rules.

Compensation grades
Grade profiles
Compensation packages
Eligibility rules
.

Salary and Hourly Plans
Section 3

Covers creating and managing salary and hourly compensation plans for employees, including plan attributes and configurations.

Salary plan setup
Hourly plan configuration
Compensation guidelines
Pay range structures
.

Allowance and Bonus Plans
Section 4

Focuses on setting up allowances, one-time payments, and bonus/incentive plans to reward employee performance.

Allowance plans
Bonus/incentive plans
One-time payments
Business rules setup
.

Stock and Equity Plans
Section 5

Explains equity-based compensation, stock grants, and restricted stock units, along with their configuration in Workday.

Stock plans
Equity grants
Vesting schedules
Grant allocation
.

Compensation Eligibility Rules
Section 6

Details how eligibility rules control access to specific compensation components based on employee attributes.

Eligibility conditions
Rule creation
Evaluation process
Rule testing
.

Compensation Changes and Transactions
Section 7

Covers day-to-day activities like merit increases, promotions, transfers, and how they impact employee compensation.

Merit increases
Promotions & transfers
Compensation adjustments
Workflow approvals
.

Compensation Review Cycle
Section 8

Explains how to configure and run annual compensation review cycles, including budgets, worksheets, and manager participation.

Compensation review setup
Budget allocations
Manager worksheets
Approval processes
.

Reporting and Analytics in Compensation
Section 9

Learn to build reports and dashboards to track compensation trends, costs, and workforce distribution.

Compensation reports
Analytics dashboards
Data visualization
Compensation insights
.

Compensation Security and Compliance
Section 10

Focuses on securing sensitive compensation data and ensuring compliance with legal and organizational standards.

Security roles
Access permissions
Audit & compliance
Data governance
Key Projects
Workday compensation
Salary Structure Configuration

Make sure that the salary ranges and grade profiles for different job families and areas are in line with the company's pay policies.

Bonus & Merit Plan Implementation

Make a plan for merit increases and annual bonuses, and set up rules for who can get them and how much they will get.

Compensation Reporting Dashboard

Make a compensation dashboard with reports that show how salaries are spread out, merit increases, and a total rewards analysis for leaders to look at.

Workday compensation – Associate Training Program

Category
Associate
Exam Name:
Workday compensation – Associate
Exam Code:
N.A.
Exam Duration:
N.A.
Exam Format:
N.A.
Passing Score:
N.A.
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Frequently Asked Questions (FAQs)

What is the difference between Core and Advanced Compensation in Workday?

Core Compensation handles basic salary structures and allowances, while Advanced Compensation handles merit, bonus, stock, and incentive programs. Techpratham's hands-on training helps students learn how to set up both to meet the needs of their organizations.

What is Workday Compensation and why is it important?

Workday Compensation is a module that handles salaries, bonuses, allowances, and rewards to help make sure that pay structures are fair and competitive. TechPratham's training gives you real-world experience setting up and managing pay plans.

Who should join Workday Compensation Training?

People who work in HR, compensation analysts, Workday consultants, and new hires who want to work in HR tech can all sign up. TechPratham makes it easy for beginners to learn and gives experienced learners new information.

What skills will I learn in this training?

You will learn how to set up compensation plans, salary structures, bonuses, and allowances, as well as advanced reporting and how to connect with other Workday modules. TechPratham makes learning better by using real-world business examples.

Does the training include practical exposure?

Yes, TechPratham provides Workday tenant access, live case studies, and projects so you gain practical experience in compensation management.

What is the duration of Workday Compensation Training?

The training usually takes 5–7 weeks, with TechPratham offering flexible formats like instructor-led online classes and self-paced modules.

Will this training prepare me for Workday certification?

Definitely. TechPratham’s curriculum is aligned with Workday certification standards, and trainers provide mock tests, guidance, and preparation strategies.

What career opportunities are available after this training?

You can work as a Workday Compensation Consultant, HRIS Analyst, Compensation Specialist, or Functional Consultant. TechPratham also supports learners with placement guidance and interview preparation.

What salary can I expect after Workday Compensation Training?

Freshers can expect ₹4–8 LPA, while experienced consultants can earn ₹12–20 LPA+. TechPratham ensures you gain in-demand skills to achieve high-paying roles.

Why should I choose this training provider?

TechPratham provides expert trainers, real-time projects, updated curriculum, flexible learning schedules, and career support, making it a complete learning experience.

How to unlock Workday account?

If your account is locked, first try the Forgot Password link on your company’s Workday login page to reset your password and unlock automatically. If that doesn’t work (or the lock is due to MFA or security policy), contact your company’s IT or Workday administrator/helpdesk and provide your name, employee ID, and the approximate time of the lock. TechPratham recommends asking IT to check for failed login attempts or MFA issues and to confirm when your access is restored.

What does under review mean in Workday?

In Workday, “under review” means your job application or request is being evaluated by recruiters, managers, or HR. It shows that the submission hasn’t been finalized yet but is actively being considered. The status may remain for some time depending on review steps. TechPratham explains it’s a positive sign that your application is still in process.

What does inactive application mean on Workday?

In Workday, “inactive application” means your job application is no longer being considered for the position. This could happen if the role is filled, closed, or if you withdrew your application. It indicates that no further action will be taken on that specific job. TechPratham notes you can still apply for other active openings in Workday.

What is Workday Prism?

Workday Prism is a data management and analytics tool within Workday that allows organizations to bring in data from multiple sources, blend it with Workday data, and create secure, shareable insights. It helps businesses make better decisions by combining HR, finance, and external data in one place. Techpratham covers Workday Prism to help learners master data-driven analytics in Workday.

How to find W2 in Workday

To find your W2 in Workday, log in and navigate to the Pay worklet. Click on Tax Documents and select the year you need. Download the W2 in PDF format for your records. TechPratham recommends keeping it saved for easy access during tax filing.

What does assessment mean on Workday

On Workday, an assessment refers to a test or evaluation assigned to an employee or candidate to measure skills, knowledge, or performance. It helps managers make informed decisions regarding promotions, training, or hiring. TechPratham suggests completing assessments on time to showcase your capabilities.

What does review mean on Workday

On Workday, a review indicates that a task, request, or document is being evaluated by a manager or HR for approval or feedback. It ensures accuracy and compliance before finalizing any action. TechPratham advises checking reviews regularly to stay updated on your tasks.

How to change availability on Workday

To change your availability on Workday, log in and go to the Time or My Availability worklet. Select Edit Availability, update your schedule, and submit for manager approval. TechPratham recommends keeping your availability current to avoid scheduling conflicts.

What companies use Workday

Workday is used by many large and mid-sized companies across industries like technology, finance, healthcare, and retail. Some well-known users include Amazon, Netflix, Bank of America, and Walmart. TechPratham highlights Workday’s popularity for HR, payroll, and financial management solutions.

What does application received mean on Workday

On Workday, "Application Received" means that your job application has been successfully submitted and is now in the employer’s system for review. It confirms that your profile and documents have been recorded. TechPratham suggests keeping track of this status for follow-up updates.

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