Live Training & Live Project Workday Compensation & Benefit

1.Compensation Elements

– Frequencies
– Units of Measure
– Compensation Eligibility Rule
– compensation Element

2.Compensation Guidelines

– Compensation Grades
– compensation Grade Profiles
– Compensation Grade Steps
– Compensation Grade Hierarchy
– Compensation Step Progression
– Comp Step Adjustments

3. Compensation Plans

– Salary
– Hourly
– Allowance
– One Time Payment Plans
– Commission
– Period Salary Plans
– Calculated Plans

– Request Grade Change
– Adjustment to grades assigned to job profiles

4. Compensation Basis

– Types of Basis: MBT Manage Basis Total
Non MBT
– Std Compensation Basis (Total Base Pay/ Total Salary & Allowances)

5. Compensation Package & Analytics

6.Manage Compensation

– Request Compensation Change
– OTP
– Mas roll out / Removal of comp plans
– Expected end data – Plan Removal
– Allowance plans adjustments
– Severance

 

Benefit Module:

1.Benefit Transactions

1. Introduction
2. Foundation review
3. Benefit Transactions
4. Navigations
5. Business Objects
6. Standard screen & task icons
7. Configuration options
8. Organizations
9. Benefit Groups
10. Security
11. Benefit Partner
12. Benefits Administrator
13. Benefits Configuration Review
14. Coverage Targets
15. Who are all allowed to enroll
16. Coverage Target – HAS, types, groups & eligibility
17. Benefit groups
18. Benefits Plans, Events and Business Processes
19. Benefit Plans, Year Definition, Events, Days to Enroll
20. Coordination of Events
21. Enrollment Event Types
22. Distinguish Between Actions, Approvals & To Dos
23. Business Process Condition Rules
24. Benefits and HR Business Process
25. Change Benefits Business Process
26. Enrollment Event Processing
27. Quick walk thru on already available reports
28. Initiating& Reviewing a Benefit Event
29. Importance of Benefit Event Status Report
30. Enrollment Process, Correcting Benefits &Finding Events
31. Correct Benefit Elections
32. Multiple Events for the same Employee& Same Day
33. Processing Rule Priorities
34. Managing Dependents & Beneficiaries& inactivation
35. Configuring the Business Process Dependent Event
36. Court Ordered Benefits for Dependents
37. Passive Events & processing
38. Benefit Plan or Dependent Eligibility Rules
39. Evidence of Insurability & Processing
40. Trigger and Process EOI
41. Open Enrollment & its associated process
42. Open Enrollment Event Type
43. OE initiation, elections & status report & closing
44. Printing Benefit Statements
45. Finalizing OE
46. Coordination of Benefit Events with Open Enrollment
 

2.Advance Benefits

  1. Benefits set up:
    Manage Benefit Coverage Types
    How to create
     Health Care Coverage Targets
     Insurance Coverage Targets
     Benefit Providers
     Benefit Groups
     Eligibility rules
    Set up
     Benefit Enrollment Instructions
     Benefit Electronic Signatures
    Understand Checking Benefit Group Eligibility
    Address any question that you may have especially around ‘Benefit Groups’

3. Costs and Rates

 Set Up Insurance Costs
 Manage Individual Benefit Rates
Create
1. Health Care Rates
2. Insurance Coverages
3. Insurance Rates
Enter Individual Benefit Rates
Setup Benefit Plans
> Employee Benefit Plans
>Health Care Plans
 

4. Considerations - Critical Illness Insurance Plans

Create
1. Retirement Savings Plans
2. Rules for Allocating Retirement Savings Contributions
3. Enroll an Employee in Retirement Savings Plans
4. Health Savings Account Plans
5. Spending Account Plans
6. Additional Benefit Plans
 
 

5. Enrollment Events and Rules

Set Up
Enrollment Events and Rules&Automatic Benefit Eligibility Checks
Create
 Enrollment Events
 Enrollment Event Rules
 Conditional Messages for Enrollment Events
Enrolling New Hires in Benefits
Discontinue Benefits on Termination
Enrollment Period for Benefit Events
Coordination of Benefits Enrollment Events
Multiple Benefit Events on the Same Day
Plan Changes and Waiting Periods
Benefit Deduction Begin Date Rules

 

Default Coverage and Auto-Enrollment
Set Up
 Default Benefits Coverage
 Auto-Enrollment for Benefit Plans

6.Cross Plan (CP) Dependencies

Create
 CP Enrollment Prerequisites
 CP Insurance Coverage Maximums
 CP Insurance Percentage Maximums
 CP Retirement Savings Plan Contribution Maximums
 Scenario CP Enrollment Prerequisites
 

7.COBRA

COBRA Automation
Eligibility
Correct COBRA Eligibility Records
Grant COBRA
Determine Qualifying Event Date
 
 

8.Medicare

 Medicare Tracking
 Manage Medicare Information
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