Reference: Full Time Equivalent in Compensation
Workday provides these Full Time Equivalent (FTE) settings that affect calculations:
Option | Configuration | Description |
|---|---|---|
Use 100% FTE for Pay Range Comparisons
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If selected, Workday divides part-time employee by the FTE % before comparing it to the range midpoint, minimum, maximum and segments when calculating:
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Paid FTE
| Staffing section on Maintain Localization Settings
| If selected, Workday uses the paid FTE override on the position to prorate compensation plans or calculate 100% FTE plan values.
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Apply FTE%
| When creating or editing:
| If selected on a compensation plan, Workday prorates the plan assignment amount for part-time employees based on their FTE.
When Paid FTE is enabled, Workday prorates using the paid FTE override on the position. Otherwise, Workday calculates FTE by dividing Scheduled Weekly Hours by Default Weekly Hours when proposing compensation during these business processes:
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Use Assigned Value in 100% Calculations
| When creating or editing:
| If selected, Workday uses the assigned amount on the plan as the fixed proration value and the 100% value in calculations.
When the check box is cleared, Workday divides the assigned amount by the employee's FTE for 100% FTE calculations. Example: You assign a worker with 50% FTE amount-based Bonus Plan A for 1,000 and amount-based Allowance Plan B for 1,000. You select the Use Assigned Value in 100% Calculations for Bonus Plan A and None of the above for Allowance Plan B.The 100% FTE value calculated for Bonus Plan A is the assigned amount of 1,000. Workday doesn't divide this amount by the worker's FTE. The 100% FTE value calculated for Allowance Plan B is 2,000, which equals the assigned amount (1000) divided by the employee's 50% FTE (0.5):
(1000/0.5 = 2000). Workday doesn't apply this option to workers Managed by Basis Total or to calculated plans that reference plans with this option selected. |
FTE Changes in Period
| On the Create Time Proration Rule task. | If selected, Workday creates a proration segment for each event that can change the FTE% during the compensation review process period.
For percent-based bonus plans, Workday applies the FTE% to the basis to determine the merit or bonus target. For amount-based bonus plans, Workday applies the FTE% to the target award amount the employee is eligible for. Example: You configure an amount-based bonus plan with an FTE time proration rule. Ben has an FTE change during the process period of the compensation review. Workday calculates proration segments based on Ben's FTE changes. |