Create a Rate Card in Settings
With rate cards, you can set up pre-determined rates or rate ranges to add controls to available rates associated with a job. You can set up rate cards based on various criteria, such as:
- Job Template
- Job Category
- Vendor
Example: You may have a pre-determined bill rate range per job title. If you don't want candidates being submitted or hired outside of that rate range, you can set up a rate card per job template and use the configuration options to enforce them.
You can create separate rate cards for Extended Workforce Management (EWM) and for Statement of Work (SOW). You can also create a rate card to cover both EWM and SOWs.
- From the header, select .
- UnderJobs & Work Orders, clickRate Card.
- ClickNew Rate Card.
- Select theCriteriafor the rate card.You must select at least one criteria from the following fields:
- Country
- Subdivision
- Region
- Location
- Job Category
- Job Template
- Vendors
TheModuledrop-down menu only displays if you have both the Extended WFM and SOW modules.- To create a rate card for EWM, select aModuleofContingent Staffing.
- To create a rate card for SOW, select aModuleofStatement of Work.
- To create a rate card for both, leaveAllas the default.
- In theValuessection, select aRatesvalue ofBill RateorPay Rate.Bill Rate: The base rate for billing.Pay Rate: The rate the worker is being paid.
- ClickAdd Rateand consider:
Option Description Pay TypeIndicates the frequency of the pay.Rate TypeIndicate if you want to set a minimum and maximum rate or just a maximum rate.If you selectedPay Rate, you also have the option toSet Rate.(Optional) Min RateThe minimum rate for applicants.You must enter any rate data as digits.Max RateThe maximum rate for applicants.You must enter any rate data as digits.Set RateA fixed rate that all applicants for the job are restricted to.You must enter any rate data as digits.ClickAdd Rateto add another rate. - (Optional) ClickAdd Suggested Rateand consider:Suggested rates enable you to provide a suggestion for the market rate without restricting managers' ability to determine rates. This field only displays ifActivate Suggested Ratesis enabled on the rate cardConfigurationtab.
Option Description Pay TypeIndicates the frequency of the pay.Rate TypeIndicate if you want to set a minimum and maximum rate or just a maximum rate.Set or Max Suggested RateThe suggested maximum rate or set rate for applicants. - ClickAdd Markupand consider:
Option Description Source TypeSourced Markup: Indicates the candidate was applied by a vendor.Pre-Identified Markup:Indicates the candidate was pre-identified.Time ClassificationSelect the time classification for the markup. You can choose from:- Standard
- Overtime
- Double Time
If you have enabled theAdditional Markups for Pay Rate Jobscheck box on theOffer ReleaseandOnboardingsections of theJob Application Settingspage inCompany Settingsand you have a rate card that matches a pay rate-based job, Workday VNDLY displays your selected markup values from the rate card during offer release and onboarding for the job. See Set Up Job Application Settings.If a rate card doesn’t have values entered for theOvertimeand/orDouble Timetime classifications, Workday VNDLY automatically displays the rate card’sStandardtime classification markup value on the associated pay rate-based job. Example: A rate card has markup with aStandardtime classification value of 10% and no values entered for theOvertimeorDouble Timetime classifications. Workday VNDLY displays 10% for all 3 markup time classifications during offer release and onboarding for the job, unless clients with thecandidate.compensation.updatepermission update the values during offer release.Markup ValueEnter the maximum percentage of markup that should apply. - Enter aName.
- ClickSave.
When you publish a job, if the job matches the criteria set on the rate card, the rate card is applied.