Steps: Manage Compensation Basis

For Workday to calculate the employer contribution amount based on a percentage of the employee’s salary, identify the compensation basis that defines the components that make up the employee’s salary. Otherwise, Workday can't calculate the employer contribution amount and the compensation basis amount is zero.

If the plan is part of a compensation basis that has the

Manage Basis Total

check box selected, you can't change the selected compensation basis.

Security:

Set Up: Base and Plan

and

Worker Data: Total Rewards

domains in the Core Compensation functional area.

Adding or changing a rounding rule on an existing compensation basis applies only to future compensation transactions, but not the existing Primary Compensation Basis (PCB). After you've added or changed a rounding rule on an existing compensation basis, use this task to apply it to employee's existing PCB.

You can select all workers that have the compensation basis, select 1 or more eligibility rules, or select 1 or more specific employees.

Security:

Process: Compensation Plan Employee Management

domain in the Core Compensation functional area.

Workday uses this to calculate the employee's individual target amounts. Workday uses individual target amounts to calculate pool amounts.

For workers managed by a compensation basis, simulate the changes that result from business processes such as

Change Job

,

Change Position

,

Hire

, or

Request Compensation Change

.

Workday allocates merit increases during a compensation change, job change, promotion, transfer, or demotion to the compensation plans associated with the compensation basis.

You can associate rounding rules with allowance, salary, merit, bonus, or stock plans, or with compensation bases managed by a compensation basis total.

Security:

Set Up: Merit and Bonus

domain in the Advanced Compensation functional area.