Workday Advanced Compensation Functional Consultant

Key Responsibilities

• Design and configure advanced compensation components including salary planning, bonus/incentive plans, and stock plans.
• Set up compensation review templates, guidelines, and eligibility rules for advanced compensation programs.
• Implement business processes for advanced compensation events (e.g., merit cycles, bonus payouts, stock grants).
• Configure compensation grids, ranges, and budget pools for planning cycles.
• Perform regular audits of advanced compensation plans and eligibility rules.
• Update advanced compensation structures during organizational changes or annual cycles.
• Maintain security roles and domain policies for advanced compensation data.
• Diagnose and resolve issues related to compensation calculations, eligibility, and workflows.
• Build custom reports and dashboards for advanced compensation analytics using Workday Report Writer.

Required Skills & Qualifications

• Strong hands-on experience with Workday Advanced Compensation configuration.
• Knowledge of salary planning, bonus/incentive plans, and stock plan administration.
• Familiarity with Workday security model and domain policies.
• Experience in Workday reporting tools.
• Excellent problem-solving and troubleshooting skills.
• Strong understanding of HR processes and compliance requirements.

Preferred Experience

• Workday Certification in Advanced Compensation.
• Experience with related modules such as Compensation, Recruiting, and Absence Management.
• Prior involvement in Workday implementation or optimization projects.

Soft Skills

• Strong communication and stakeholder management skills.
• Ability to work independently and in a team environment.
• Detail-oriented with a focus on accuracy and compliance.