Skip to main content
Documentation
Documentation
Administrator Guide
Last Updated: 2023-06-23
Create Compensation Scorecard Results

Create Compensation Scorecard Results

  • Create compensation scorecards.
  • Security:
    Set Up: Merit and Bonus
     domain in the Advanced Compensation functional area.
Enter an achievement percent to rate the level of performance toward each goal within the selected compensation scorecard.
You can create company funding scorecard results:
  • During the
    Manage Bonus Process Funding
     step in a compensation review process.
  • Using the
    Put Compensation Scorecard Results
     web service.
You can also update in-progress compensation review processes with updated scorecard results using the
Recalculate Pool and Awards
 task.
  1. Access
    Create Compensation Scorecard Results
    .
  2. Select the
    Evaluation Date
     on which to rate the performance.
    Workday associates this date with the performance result set.
  3. For each criteria, enter an
    Achievement
     percentage to indicate how well the company did in meeting that performance goal.
    The
    Weighted Result Percent
     is the sum of
    Weight
     multiplied by
    Achievement
     for all rows of criteria. Workday automatically calculates and adjusts the value as you enter achievement percentages.
The saved performance rating for the specified evaluation date becomes a performance result set. A result set is a combination of the performance scorecard and the evaluation date of the rating.
If you associate this scorecard with a bonus plan, Workday uses the company performance result set with the most recent
Evaluation Date
 to determine bonus funding. If there are no results, the compensation review process continues and assumes 100 percent in calculating bonus funding.
Performance Criteria
Weight
Achievement
All Critical Issues Resolved
20%
100%
On-Time Product Delivery
15%
100%
95 Percent Customer Satisfaction
50%
90%
100 Million Annual Sales
15%
200%
If you multiply the weight by the achievement for each row and sum all of the rows, you get a weighted funding of 110 percent.
To assign compensation plans to multiple employees, use the
Rollout Compensation Plans to Employees
 task.