Workday Compensation Consultant

Job Description

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