Workday Compensation Consultant

Core Responsibilities

Config & Maintenance

• Configure and support compensation modules within Workday, additional exposure to HCM will be an added advantage.

• Understanding of compensation strategies, pay structures, and compensation plans. Familiarity with compensation theories, such as equity theory and labor market trends.

• Exposure to Core & Advanced compensation in WD - understanding WD concepts like compensation grades, grade profiles, compensation package, compensation plan, eligibility rules etc.

• Candidates should possess knowledge and experience in managing the compensation review process using Workday - Merit Process, Bonus Process, and/or Stock Award Process.

• Ensure system compliance with organizational policies and regulatory requirements.

• Test, troubleshoot, and update system configurations as needed to address business needs.

• Manage compensation-related security roles and access.

• Knowledge in Workday Extend alongside commission plans will be added value.

Compensation Analytics and Reporting

• Generate and analyze reports on compensation trends, workforce data, and market benchmarks using Workday tools.

• Provide insights and recommendations based on data to support strategic decision-making.

• Create and maintain dashboards for tracking compensation metrics.

Project Management:

• Participate in Compensation -related projects, including system upgrades, implementations, and enhancements,

ensuring timely and successful delivery.

• Drive and Co-lead Compensation specific campaigns like mid-year and annual merit cycles+ Bonus along with onshore team.

Documentation:

• Maintain up-to-date documentation of configurations, standard operating procedures, and user guides.

Data Management:

• Conduct regular audits of the HCM data for accuracy and compliance, troubleshoot data discrepancies, and

implement corrective actions as needed.

• Data readiness, staging of scenarios for testing before bi-annual and annual cycles.

Collaboration & Stakeholder management

• Work closely with on-shore HR Compensation team for set up, configurations and other aspects.

• Work closely with HR, Payroll, and IT teams to implement new compensation programs and system updates.

• Support HR teams during annual compensation planning cycles, including testing and troubleshooting.

• Train HR team members and end-users on Workday compensation functionalities

III. Years of Experience:

• 4+ years of experience in Workday Compensation or related modules.

IV. Education Qualification & Certifications (optional)

Required Minimum Qualifications:

• Bachelors degree in human resources, Business Administration, Information Systems, or a related field.

• Workday certification in Compensation or other related modules.

• Strong understanding of compensation structures, principles, and compliance.

• Proficiency in Workday HCM, including configuration, reporting, and data analysis.

• Excellent analytical and problem-solving skills.

• Strong communication and interpersonal skills to collaborate with cross-functional teams.

V. Skill Set Required

Primary Skills (must have)

• Experience with annual merit or bonus cycle management in Workday.

• Knowledge of global compensation practices and reporting.

• Detail-oriented with a focus on accuracy and system integrity.

• Ability to work independently and manage multiple priorities in a fast-paced environment.

• Skilled in identifying and implementing process improvements.

• Attention to detail, high level of accuracy in maintaining compensation records and preparing reports or analyses

to ensure compliance and fairness.

• Confidentiality and Ethical Judgment: Maintaining confidentiality in handling sensitive compensation data and

making ethical decisions related to pay and benefits.Role & responsibilities