Easily Replace Circle to the Compensation Agreement

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How to Replace Circle to the Compensation Agreement

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in this recording we will show you how to request a compensation change for your direct reports from the home page open the compensation worklet from within the request section select the compensation change link enter an effective date for the salary change next we need to enter a reason workday delivers several reasons to choose from but your options may be different depending on your configuration now we need to choose an employee keep in mind that the employees available will be your direct reports or matrix reports only click ok a worklet of the employees history displays from here we can see information about employment compensation and talent as well as a comparison of an employees compensation to their peers once you have finished reviewing this information you can close it to proceed to the next form selecting the graph icon will reopen the worklet should you wish to return to it next we can propose a new salary change by clicking the edit icon we can simply type in a new sa

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is green circling?

Green circling means salary protection when an employees position has been reclassified downward and they retain their current wage rate and eligibility for all future general wage increases.

What is a compression increase?

In other words, pay compression happens when organizations increase salary to attract new hires and dont give market adjustments in salary for current or tenured employees.

What does it mean when you are red circled?

A red circle rate is a pay rate that is above the maximum range assigned to the job grade. Employees who are red circled are usually not eligible for additional pay increases until the range maximums are increased above the individual pay rate or the employee transfers to a job with a higher pay range.

What is green circle in compensation?

Green circle rates are salaries below the minimum rate the employer has established for the positions salary range. Green circle rates are equally as problematic as red circle rates in that they do not follow established guidelines. A solution is to provide pay increases up to at least the minimum in the range.

How do I change my compensation on workday?

For a job aid that includes images, please visit Workday Help in your Single Sign On (SSO) menu. Search for the Employee for which you need to request a compensation change. From the Employees Related Actions, hover over Compensation and click Request Compensation Change.

What does it mean to red circle an employee?

A red circle rate is a pay rate that is above the maximum range assigned to the job grade. Employees who are red circled are usually not eligible for additional pay increases until the range maximums are increased above the individual pay rate or the employee transfers to a job with a higher pay range.

What is an example of red circling?

For example, Employee X makes $60,000, but the position is graded at $52,000. Red circling would freeze Employee Xs salary at $60,000 until he/she leaves the organization, retires, or the wage grid catches up to $60,000 through the annual increases (whichever comes first).

What does red circle mean in compensation?

A red circle rate is a rate of pay authorized above the maximum salary for a class. A red circle rate is intended to mitigate the hardship when an employees salary is to be lowered through no fault of the employee.

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Replace Circle to the Compensation Agreement