Create Compensation Elements
- Create the earning codes that you want to associate with the base pay compensation elements:
- Create earnings in Workday Payroll.
- Maintain external payroll earnings for the Payroll Interface.
- Security:Set Up: Compensation Elementsdomain in the Core Compensation functional area.
Compensation elements link compensation and payroll. When a compensation element is attached to a plan that is assigned to an employee, Workday can determine which earnings to use to pay the employee.
- Access theMaintain Compensation Elementstask.You can also access theAdd Compensation Elementtask to add 1 element at a time for best performance when your compensation elements have a high number of Payroll entities.
- Consider:
Option Bezeichnung Period Activity Pay EnabledDisplays if theEnable Period Activitycheck box is selected in theEducational Institutionssection of theEdit Tenant Setup - HCMtask.Compensation elements enabled for Period Activity Pay aren't available for standard compensation plans.Academic Pay EnabledDisplays if theEnable Educational Institution Featurescheck box is selected on theEdit Tenant Setup - HCMtask.Select the check box if this compensation element can be paid in a different period than the period it was earned in.Payroll EarningSelect the values that apply to all your payroll entities.External Payroll EarningsSelect the earnings that apply to each payroll entity.
You can use
Maintain Compensation Element Groups
task to group compensation elements. If you've more than 1 compensation element that defines base pay, create a compensation element group to associate base pay compensation elements.