Compensation FAQ's

Compensation FAQ's

Compensation eligibility rules use a framework that is completely unique to compensation and is unlike anything else in workday (T/F)?

False

Compensation can be populated during staffing activities using defaults form the position/organization through edibility rules (T/F)

True

Compensation grades indicate the employees exact salary(T/F)

False

Compensation grade profiles allow localized salary ranges, currencies, and frequencies (T/F)

True

Compensation Elements tie compensation plans to payroll earnings(T/F)

True

Frequency is a required field on an allowance plan(T/F)

False

Which is not a field in the compensation grade (Currency and frequency, referenced by compensation package, eligibility rules, apply FTE%)

Apply FTE%

Which of the fields below are not part of the salary plan setup(Apply FTE%, Exclude from Merit, Reimbursable, none of the above)

Reimbursable

What is an available value for the number of Compensation Grade segments?

3, 4, 5

Which of the following should be included when setting up a compensation package?(Grades, plans, eligibility rules, all of the above)

all of the above

The system will still let you enter a base pay amount that is outside the compensation grade pay range (T/F)

True

What groups compensation plans and grades?

Compensation Packages

Determines an employee's eligibility for a compensation component during staffing events?

compensation eligibility rules

What is a component for which an employee is paid and for what purpose (salary, hourly, allowance)?

Compensation Plan

What is a required component to link compensation in HCM with Payroll to ensure accurate payroll earnings?

Compensation Element

Which comp element allows localization of pay range guidelines?

Compensation Grade Profile

Compensation eligibility rules use a framework that is completely unique to compensation and is unlike anything else in the workday system (T/F)

False

The system will allow you to enter a base pay amount that is less than or greater than the grade range for which the employee was eligible(T/F)

True

What will happen if an employee is eligible for three allowance plans but the plans are not in the compensation package for which they are eligible?

The plans will not default in but you can manually select the plans during the compensation step of a transaction

When configuring compensation you can specify different eligibility rules on the compensation plan and the compensation package(T/F)

True

Which of the following is not specified on a Compensation Package - Compensation Plans, Compensation Grades, Compensation Grade Profiles, or Eligibility Rules

Compensation Grade Profiles

Name two types of compensation plans

allowance plan, salary plan, hourly plan, one time payment plan

Which three compensation components are required for employees

A Comp Package, grade, and a plan

What are used to localize grades / define different ranges for the same grade based on locations

Grade Profiles

What is the purpose of a compensation eligibility rule

To determine an employee's eligibility for each compensation component to default in during staffing and compensation business process

If a worker is eligible for a compensation package are they also automatically eligible for the grades and plans within that package

no - the grades and plans do not assume the same eligibility as the package they are within. The worker must be also eligible for a specific compensation grade and plans within the package

which setting on a compensation allowance plan restricts users from changing the configured amount while proposing compensation during staffing events

the No Override checkbox

what are two ways that you can configure a compensation grade to a default during staffing transactions

assign the compensation grade directly to a job profile or attach an eligibility rule to the grade

T / F: Contingent workers have no compensation within Workday

True - only pay rate for reporting purposes, labeled with a (C) behind their name

What are the key components of compensation?

Grade (profiles)

Plan(s)

Package

Eligibility rules for each

What is used to allow for comp to default in during a staffing event?

comp eligibility rules

If I place an eligibility rule on a compensation package, will it default into grades and plans?

No

What is the purpose of compensation basis?

groups together comp components to find estimated earnings

What's the purpose of a compensation rule?

to determine who is eligible for each compensation component

T / F: The comp rules used at the package level flow through to the components

False - no inheritance

If a client wants one package for all employees, but has a unique grade and plan in the UK, what would your rule be and where would you apply it?

-Rule: All employees

-Apply it to Eligibility Rule for Grade and Eligibility Rule for Plan

*Wrong? Wouldn't the rule be Location: UK?*

If your comp did not default in during the staffing event, what would you check?

-Comp package: plans and grades are attached

-Eligibility rule for comp plan

-Eligibility rule for comp grade

-Make sure they aren't eligible for more than one grade, salary plan, or comp package

How many packages should an employee be eligible for to make sure it defaults?

one

What happens if an employee is eligible for plans, but not included in a package?

won't default, must go to pick-list

Where can you find the no override check box?

Allowance Plans

If compensation is given to a worker during a hiring event but is assigned a job profile with pre-assigned compensation, which one wins?

the compensation attached to the job profile

If an employee is eligible for a package that has 3 bonus plans, and they are eligible for 3 bonus plans, which will default in?

all 3

T / F: You can default compensation for position mgmt, headcount group, or job mgmt

True

True or False: Compensation eligibility rules use a framework that is completely unique to compensation and is unlike anything else in the Workday system.

False

True or False: The system will allow you to enter a base pay amount that is less than or greater than the grade range for which the employee was eligible.

True

What will happen if an employee is eligible for three allowance plans but the plans are not in the compensation package for which they are eligible?

The plans will not default in, but you can manually select the plan(s) during the compensation step of a transaction.