Compensation Management Software
Workday Compensation:
it’s the complete package.
WHAT YOU CAN DO
Define a compensation program that’s just right.
With compensation management software from Workday, you get a single system that pays off big. Every team across the organization can take part in compensation review and access the information they need to set the right rewards.
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Pay equity dashboards
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Compensation analysis tools
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Total rewards statements
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Compensation review
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Total compensation basis
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Executive compensation
Reward employees, together.
Now administrators and managers can collaborate on the merit process while gaining insights to inform decisions at every step. And we provide all the configurations you need to define merit awards, from bonuses to stock plans and more.
Craft the mix that matters most.
Create a marketable mix that attracts and keeps your best talent. Workday allows you to combine compensation components from regular pay to merit, bonus, and stock.
Make compensation work for your workforce.
Setting compensation isn’t a one-size-fits-all endeavor. That’s why we give you the flexibility to create compensation programs that meet the varying needs of your people. Configure many compensation elements, including:
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Grades
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Packages
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Plans
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Eligibility rules
Our customers reduced end-to-end compensation planning cycles by 80%.
Total Rewards Transparency
Provide total insight into total rewards.
Our total rewards statements let employees take advantage of the full value of their rewards. And unlike many vendors, this feature is included as part of Workday Compensation.
Deliver greater transparency.
Educate your workforce.
Include compensation, benefits, and payroll.
View statements on-demand.
Compensation benchmarking that gets it right.
Stay competitive in today’s talent market with more comprehensive compensation survey management. By combining multiple data sources—such as pay range and retention risk—Workday makes it easier to see if you’re offering rewards that people expect and want.
See how you can get started today.