Workday Compensation
Compensation that’s flexible, secure, and easy to manage.
Overview
Workday Compensation is a core component of the Workday HCM suite, providing organizations with tools to manage salary, bonus, equity, and incentive plans in one unified system. It allows businesses to design, implement, and manage compensation programs that align with their strategy, budget, and compliance requirements. Because it's part of the unified Workday platform, compensation data is seamlessly connected with employee performance, talent, payroll, and financial data.
✨ Key Features
- Unified Compensation Management (Salary, Bonus, Equity)
- Compensation Review and Planning
- Advanced Compensation Modeling and Budgeting
- Configurable Compensation Packages
- Pay Equity Dashboards and Reporting
- Total Rewards Statements
- Seamless Integration with Workday HCM, Payroll, and Finance
🎯 Key Differentiators
- Natively unified with a leading, single-system HCM platform (no integrations needed for core HR data).
- Real-time analytics and reporting that combine compensation, HR, and financial data.
- User-friendly interface for employees, managers, and administrators.
- Continuous innovation and updates on a single codeline.
Unique Value: Provides a powerful and unified compensation management system that leverages the full context of your people, performance, and financial data within a single Workday platform, driving smarter and more strategic reward decisions.
🎯 Use Cases (5)
✅ Best For
- Streamlining compensation administration for large, global enterprises.
- Aligning reward programs with business performance and talent management.
- Providing a single source of truth for all employee and compensation data.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Companies not using the Workday HCM suite.
- Small businesses that do not need a full enterprise-grade HCM platform.
🏆 Alternatives
The primary advantage of Workday Compensation over best-of-breed tools like beqom or Pequity is its seamless, native integration into the broader HCM suite. This eliminates data silos and provides unparalleled reporting capabilities. However, standalone tools may offer deeper flexibility or more niche features for extremely complex, non-standard compensation plans.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (All clients tier)
🔒 Compliance & Security
💰 Pricing
Free tier: NA
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