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You are creating a compensation package.
What can you add to the compensation package?
Suggested Answer: B
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A compensation package is a grouping of multiple compensation plans (salary, allowances, one-time payments, bonuses, etc.).
Workday allows you to bundle one-time payment plans into a package (e.g., relocation bonus, signing bonus).
Why not the others?
A . Retirement plan Benefits plans are not part of comp packages.
C . Calculated plan Standalone, not typically added to comp packages.
D . Future payment plan Not a Workday plan type.
Workday Pro Compensation -- Compensation Package Setup: Lists allowable plan types (salary, allowance, one-time payment).
Workday Community -- Offer Package Setup.
17 comments · newest first
LA
Lauryn
23 days ago
Calculated plan can be tailored to individual needs, smart choice.
RE
Reita
28 days ago
Future payment plan aligns with career growth, very appealing.
NA
Nada
1 month ago
One-time payment might attract new talent quickly.
AL
Alline
1 month ago
Retirement plan shows you care about employees' future.
SH
Shelton
1 month ago
Calculated plan offers flexibility, I like that option.
FR
Francene
2 months ago
Future payment plan could motivate long-term commitment.
RO
Rosalind
2 months ago
A one-time payment plan sounds tempting but not sustainable.
RA
Rachael
2 months ago
I think a retirement plan is essential.
MA
Marylyn
2 months ago
I agree, retirement plans are a must-have!
LE
Leota
2 months ago
Not sure if calculated plans really work.
WI
Willodean
2 months ago
Future payment plan could be a game changer!
VI
Vincent
3 months ago
One-time payment sounds risky.
ON
Ona
3 months ago
Definitely need a retirement plan!
KA
Kallie
3 months ago
Future payment plans sound familiar, but I can't remember if they are usually part of a compensation package or more like a separate agreement.
OT
Otis
3 months ago
I feel like a calculated plan might refer to performance-based bonuses, but I’m not entirely confident about that.
MA
Malcolm
3 months ago
I remember discussing one-time payment plans in class, but I can't recall if they are typically included in standard packages.
AD
Adell
4 months ago
I think a retirement plan is definitely a common component of compensation packages, but I'm not sure about the specifics of the other options.