Steps: Set Up Benchmark Jobs

Workday recommends that you use our new, more robust compensation benchmarking solution, accessible through these tasks and reports:

Create, Edit, Review, and Delete Compensation Benchmark Cycle

Maintain Compensation Benchmark Profiles

Review Compensation Benchmark Data

View Compensation Benchmark Cycles

Security: Set Up: Benchmark Jobs
domain in the Core Compensation functional area.

You can manually load composite market data from compensation surveys. You can see which workers are below, at, or above market level when making compensation changes.

(Optional) Access the

Maintain Benchmark Job Settings

task.

Option	Description
Compare Primary Compensation Basis to Total Cash	Total Cash market data displays on market salary compensation tasks and reports for comparison.
Benchmark Percentile Defaults	Workday uses the percentiles you select here to create rows for manually entering data when creating or editing benchmark jobs.

Access the

Create Benchmark Job

task.

In the

Default Benchmark Data

section, consider:

Option	Description
Competitive Market Target	Select the percentile that you consider the at-market level for this benchmark job.
Target Spread %	The salary range that you consider your at-market level. Example: If you select 50th as your Competitive Market Target : Enter 10% as the Target Spread , and 50,000 as the salary Amount for the 50th Percentile . The salary spread for this benchmark job is 47,500 - 52,500. Any employee with a base salary that falls within this range is considered at-market level.

In the

Profile Market Data

section, you can define different values for specific employee populations using eligibility rules. If an employee matches the criteria defined by the eligibility rule, Workday uses the

Profile Market Data

section values instead.

You can access these reports:

Report	Description
Benchmark Jobs Audit	Displays a list of job profiles not associated to a benchmark job.
Direct Reports Market Position	Displays the number of workers that are Above Market, Below Market, At Market, and Blank (not mapped to a benchmark job.)
Job Profile Market Position	Compares the average total base pay to the market for selected job profiles.
Organization Market Position	Displays workers by organization that are Above Market, Below Market, At Market, and Blank (not mapped to a benchmark job).