Create Eligible Earnings Overrides for Bonus and Stock

Security: Worker Data: Compensation Management by Organization
domain in the Advanced Compensation functional area.

You can configure the actual earnings amount for an eligible earnings override, the period associated with the eligible earnings, and the qualifying bonus or stock plans.

Example: Rhonda worked over 40 hours of overtime from November 1 through December 31. You create the eligible earnings override for Rhonda with the exact eligible earnings amount. Workday then uses your override amount as the eligible earnings when calculating the bonus or stock awards.

You can only use eligible earnings overrides in compensation review processes that include bonus or stock awards.

You can also use these web services to manage eligible earnings overrides:

Import Eligible Earnings Override
.

Get Eligible Earnings Override
.

Access the

Create Eligible Earnings Override

task.

Select the

Employee

If the specified employee has multiple jobs or positions, you can also select the

Position

Select the

Eligible Earnings Override Period

(date range) for which the employee's earnings are eligible for bonus or stock.

If the period you require doesn't exist, select

Create Eligible Earnings Override Period

to create it.

Select any combination of bonus and stock plans.

Example: Select

Apply to All Bonus Plans

to have the compensation review process apply eligible earnings to all bonus plans assigned to the employee, including newly assigned plans. Then select 3

Stock Plans

to restrict the application of eligible earnings for stock to only those 3 plans. The override now applies to all bonus plans and 3 specific stock plans assigned to the employee.

Selecting the

Bonus Plans

Stock Plans

option without selecting any specific plans is equivalent to selecting

None of the Above

If you assign new plans to the employee, consider accessing the

Edit Eligible Earnings Override

task to update your configuration.

Enter the exact amount of the employee's

Eligible Earnings Override

for the specified plans and period.

Workday doesn't calculate the eligible earnings override. Enter the exact value that you want Workday to use as the basis for calculating awards.

Select the

Currency

of the eligible earnings amount.

Eligible earnings use the frequency associated with the plan.

Access these reports:

Eligible Earnings Override

Employees without Eligible Earnings Override

View Eligible Earnings Override Period

Manage Compensation Review Participation Rule Sets