Steps: Manage Stock Plans and Grants

Set up compensation components and grades.

Access the

Maintain Stock Grant Types

task.

Maintain the available grant types, view how many stock plans are using each type, and assign grant types to stock plans.

Long Term Cash
as a

Grant Category

enables you to offer cash that vests over time like stock.

Security: Set Up: Stock
domain in the Advanced Compensation functional area.

Access the

Maintain Stock Vesting Schedules

task.

You can assign vesting schedules to stock plans. Use the

Stock Vesting Schedules

report to list all the entered vesting schedules.

Security: Set Up: Stock
domain in the Advanced Compensation functional area.

Access the

Maintain Stock Date Rules

task.

Create rules that Workday uses to determine the vesting or expiration date for a stock grant. You can't delete stock date rules if their usage count is greater than zero. Rules are a concatenation of values in the

Rule Type

Number

Unit

, and

From Date

fields.

Example:

Expiration Rule: Ten Years from Grant Date

Vest From Rule: Zero Days from Event Effective Date

You can then assign expiration rules to a stock plan and use vesting rules when updating grants.

Security: Set Up: Stock
domain in the Advanced Compensation functional area.

(Optional) Create Compensation Rounding Rules.

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.

(Optional) Access the

Maintain Event Categories and Reasons

task.

You can enable the selection of reasons by manager role-based security group when requesting a stock grant. To do so, select

Manager Reason

for the Request Stock Grant
business process, and the applicable reason code.

Create Stock Plans.

Award stock to employees.

Both of these tasks initiate the Request Stock Grant
business process, but have important differences:

Request Stock Grant	This task is intended for Manager Self-Service for one stock grant to an employee or candidate at a time. See: Request Stock Grants
Add Stock Grant	You can set up multiple grants and configure vesting details on this task. See: Add Stock Grants

Create Stock Participation Rate Tables.

To ensure that defaults display during staffing events, associate stock plans with a compensation package and rule.