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Administrator Guide
Last Updated: 2023-06-23
Steps: Create Shadow Compensation Pay Ranges

Steps: Create Shadow Compensation Pay Ranges

Configure compensation benchmark profiles.
You can compare the compensation grades and profiles you have in Workday to those of the benchmark. The
Generate Shadow Compensation Pay Ranges
 task creates shadow compensation pay range segments based on the number of segments in the Workday parent pay range, grade, and grade profile. You can then use the
Shadow Compensation Pay Range Comparison
 report to compare Workday pay ranges to their shadow counterparts.
Workday generates shadow compensation pay ranges when:
  • A compensation benchmark cycle exists with data for the selected job profile.
  • The pay range grade or grade profile for the job profile has the same eligibility rule or rules as a benchmark profile type in the benchmark cycle. If no eligibility rules are configured on the pay range, Workday uses the default from the benchmark cycle.
  • A benchmark target configuration exists for the selected job profile.
  1. Access the
    Maintain Compensation Benchmark Targets and Spreads
     task.
  2. Access the
    Create Compensation Benchmark Cycle
     task.
  3. Access the
    Generate Shadow Compensation Pay Ranges
     task.
    Select 1 or more job profiles and optionally select a compensation basis.
    Security:
    Set Up: Compensation Benchmark
     domain in the Core Compensation functional area.
  4. Access the
    Shadow Compensation Pay Range Comparison
     report.
    Select 1 or more job profiles or 1 or more compensation bases for which you've generated shadow compensation pay ranges.
    The report displays grade profiles and their segments, currency, and frequency for both Workday and the shadow benchmark. You can then compare your current profiles to benchmark data.
    Security:
    Set Up: Compensation Benchmark
     domain in the Core Compensation functional area.