Reference: Job Compensation Settings
Job compensation settings enable you to configure how you pay and manage a contractor for a particular job.
To access these settings, select from the header. Under
Jobs & Work Orders
, select Job Compensation
.As you modify these settings, consider:
Option | Description |
|---|---|
Contractor Pay Type | You can enable or disable these contractor pay types:
When you enable a pay type, you can configure the Max Bill Rate for each currency code.If you enable the Monthly Pay Type , note that Time and Billing Strategy for Monthly Pay Type is set to Track time and bill based on timesheet submission by default. However, if you don’t want to track time for monthly billing, you can select Do not track time using timesheet submission; use automatic schedule for billing instead. You can also change the billing strategy during offer and/or onboarding for work orders. |
Milestone Payment Terms | Configure the various milestone payment types. This setting is only applicable to the Extended Workforce Management module. |
Bill Rate | There are 3 available options for Bill Rate Type :
Note: If you’re using rate cards, the set bill rate only loads for job profiles that don't have a rate card. |
Alternate Compensation | To support healthcare clients, you can enable Orientation Tracking . This option enables additional features to work on a contractor's timesheet. |
Hire Type | If you enable Direct Hire , it displays on the job form and work orders. |
Contract to Hire | If you enable Show Contract to Hire , you can configure how to display the Expected Conversion Salary . This ensures candidates know the hire rate upon taking a contract role. |
Direct Hire Pay Type | When enabled, the direct hire pay type displays on the job form and work order. |
Direct Hire Vendor Payment Terms | Configure how vendors are paid for direct hire roles. This ties directly to invoicing.
|
Budget | When enabled, Workday VNDLY displays the budget when a job is created or published with any pay type. |