Workday Advanced Compensation

• Compensation Planning: Streamlined planning and allocation of compensation budgets.
• Salary and Pay Adjustments: Management of salary adjustments, merit increases, and pay changes.
• Bonus and Incentive Management: Design and administration of bonus programs and performance-based rewards.
• Equity and Stock Plans: Management of equity compensation plans like stock options and RSUs.

Before learning Workday Advanced Compensation, it's beneficial to have the following skills:

1. HR and Compensation Knowledge: Understanding of human resources practices, compensation structures, and incentive plans.
2. Workday Fundamentals: Basic knowledge of the Workday HCM platform and its core functionalities.
3. Data Analysis: Ability to analyze and interpret compensation data and metrics.
4. Budgeting and Forecasting: Familiarity with financial planning, budgeting, and forecasting processes.

By learning Workday Advanced Compensation, you gain the following skills:

1. Compensation Planning: Ability to plan and allocate compensation budgets effectively.
2. Salary and Pay Adjustments: Skills in managing salary adjustments, merit increases, and pay changes.
3. Bonus and Incentive Management: Proficiency in designing and administering bonus and incentive programs.
4. Equity Compensation Management: Capability to manage equity compensation plans like stock options and RSUs.