Workday Advanced Compensation Functional Consultant

CosMicIT; India; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

CosMicIT is seeking a Workday Advanced Compensation specialist in India to design and configure complex compensation components, including salary planning, bonuses, and stock plans. The role involves creating templates, rules, and eligibility criteria for advanced programs and maintaining security for sensitive data.

You will implement merit cycles, payout events, and stock grants, while auditing plans and updating structures during annual cycles.

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.

Responsibilities

• Design and configure advanced compensation components (salary planning, bonus/incentives, stock plans).
• Set up compensation review templates, guidelines, and eligibility rules.
• Implement processes for merit cycles, bonus payouts, and stock grants.
• Configure compensation grids, ranges, and budget pools.
• Perform audits of compensation plans and eligibility rules.
• Update compensation structures during changes or cycles.
• Maintain security roles and domain policies for compensation data.
• Diagnose and resolve compensation calculations and workflow issues.
• Build reports/dashboards for compensation analytics using Workday Report Writer.

Skills

Workday Advanced Compensation

Salary Planning

Bonus & Stock Plans

Workday Security

Workday Reporting

HR Process Knowledge

Problem Solving

Team Collaboration

Education

Workday Certification

Tools

Workday Report Writer

Workday Security Model

Workday Configuration

Job description

• 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.