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Administrator Guide
Last Updated: 2025-09-19
Steps: Prepare for Compensation Reviews

Steps: Prepare for Compensation Reviews

Set up merit, bonus, or stock plans.
  2. Edit Domain Security Policies.
    To include stock in the process, grant access to these domains in the Advanced Compensation functional area:
    • Worker Data: Propose Stock Award as Part of Compensation Review
      .
    • Worker Data: Stock Grants
      .
    To print compensation review statements, configure these security domains in the Advanced Compensation functional area:
    • Self-Service: Compensation Review Statements
       domain, so employees can print their own statements.
    • Worker Data: Compensation Review Statements
       domain, so managers can print statements for their direct reports.
  3. Enable domains (in the Advanced Compensation functional area) and assign roles:
    Domain
    Roles
    Description
    Process: Compensation Management Events
    Compensation Administrator
    Required to initiate and finalize a compensation review process.
    Process: Compensation Review Rule Based Access
    Compensation Administrator
    Enables you to create rule-based security groups that determine access to employee level data in compensation reviews, including whether they can modify awards or planning for themselves.
    Process: Compensation Review Process Participant
    Planners:
    • Manager
    • Primary compensation planner
    Plan compensation for an organization and view or plan subordinate supervisory organizations.
    Requires Modify access to plan awards.
    Process: Compensation Review Process Controls
    Manager
    Required for access to
    Complete on Behalf
    .
    Process: Compensation Review Process Controls
     and
    Process: Compensation Review Process Participant
    Support roles:
    • HR Partner
    • Compensation Partner
    View and edit employee awards as a planner.
    Can have either View or Modify access.
    Process: Compensation Review Process Reviewer
    Reviewers:
    • HR Partners
    • Location partners
    • Location or regional managers
    View or edit the awards of their assigned employees.
    Can have either View or Modify access.
    The Business Process step
    Review Employee Awards
     uses any role-based security groups with Modify access on this domain in its configuration selection list.
    Compensation Administrator
    Compensation Administrator
  4. Option Description
    Disable Create New Compensation Review Statement functionality for Employee on View Compensation Review Statements
    Prevents employees from creating their own compensation review statement.
    Preferred Compensation Review Employee Awards Grid Limit
    Workday limits the number of employees in the same organization hierarchy displayed to a planner. You can enter a limit up to 500 or leave blank to use the default of 100.
  5. Create and assign compensation plans.
  6. (Optional) Configure how Workday manages merit changes for an employee:
    • To determine individual targets for percent-based plans and enter award amounts for each assigned plan, use total base pay. For this option, you don't have to create a compensation basis; Workday provides it for you.
    • To determine individual target amounts for percent-based plans, use the Primary Compensation Basis (PCB). Enter a total amount for the award. Workday allocates that amount to the individual plans that make up the PCB.
    See Steps: Manage Compensation Basis.
  7. Access the
    Maintain Event Categories and Reasons
     task.
    Create event categories and reasons for giving each award.
    Security:
    Set Up: Staffing
     domain in the Staffing functional area.
  8. Access the
    Maintain Currency Rate Types
     task to create at least 1 rate type specifically for compensation review processes.
  9. Define rules that Workday uses to handle compensation-related events that occur during the compensation review process.
  10. (Optional) Access the
    Maintain Bonus Accrual Estimates
     report.
    Use compensation review initiation criteria, including organizations, bonus plans, and date parameters to estimate bonus costs.
    1. Configure compensation review initiation options as you would for any periodic review with bonus awards.
    2. Select an action.
      You can calculate your estimate immediately or configure a run schedule. Workday then generates the bonus accrual report. You can also cancel (delete), edit, or review an estimate.
    3. Click an accrual report to view and download your estimated bonus costs.
    Security:
    Process: Compensation Management Events
     domain in the Advanced Compensation functional area.
  11. Create employee compensation review statements to meet reporting requirements.
    Workday recommends:
    • Use the Workday-delivered
      Compensation Review Employee Adjustment for Statements
       report data source.
    • If scheduling a PDF print run in advance, access the
      Release Compensation Review Statement
       task and schedule it for off hours. You can use custom layouts and manage when employees can view their compensation review statement.
  12. Grid configurations can include read only, editable, or advanced fields for drilling down into details.
  13. Grid profiles enable you to use more than 1 grid configuration for each compensation review process.
  14. Applies only to compensation review processes that include stock awards.
  15. (Optional) Access the
    Create Compensation Review Process Template
     task.
    Create templates to enable Workday to populate fields in compensation review processes. See Initiate Compensation Review Processes and Manage Compensation Review Pools Steps: Configure Compensation Review Grid Profiles for detailed field descriptions.
    You can also manage compensation review templates using these web services:
    • Get Compensation Review Template
    • Put Compensation Review Template
Run these reports to review the date, time, responsible party, and notes for the last submitted change to awards:
  • Compensation Review Merit Award Audit
  • Compensation Review Talent Audit
  • Compensation Review Bonus Payment Audit
  • Compensation Review Stock Plan Award Audit