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US 2020/0402018 A1Published application
Compensation modeling using plan collections
AssigneeWorkday, Inc.
InventorsScott Colner, Peter Ryan
Life of this patent
Estimating the term…
Abstract
A system for compensation modeling includes an interface and a processor. The interface is to receive live transactional compensation data. The system processor is to determine a set of compensation assignment plans based at least in part on the live transactional compensation data, determine a compensation model based at least in part on the set of compensation assignment plans, and provide the compensation model.
Claims20
A system for compensation modeling, comprising:
- an interface to:
- receive live transactional compensation data, wherein the live transactional compensation data comprises a plurality of compensation factors associated with the an employee;
- and
- a processor to:
- determine, for the employee, an appropriate set of compensation assignment plans from a set of compensation plans based at least in part on the plurality of compensation factors associated with the employee;
- determine a compensation scheme corresponding to the employee based at least in part on the appropriate set of compensation assignment plans;
- provide a compensation model that is based on the compensation scheme, wherein the compensation model corresponding to the employee is configured to output a total compensation amount that is based on the corresponding amounts associated with each of the compensation assignment plans included in the appropriate set of compensation assignment plans.
4 more elements
A method, comprising:
- receiving live transactional compensation data, wherein the live transactional compensation data comprises a plurality of compensation factors associated with the an employee;
- determining, for the employee, an appropriate set of compensation assignment plans from a set of compensation plans based at least in part on the plurality of compensation factors associated with the employee;
- determining a compensation scheme corresponding to the employee based at least in part on the appropriate set of compensation assignment plans;
- and
- providing a compensation model that is based on the compensation scheme, wherein the compensation model corresponding to the employee is configured to output a total compensation amount that is based on the corresponding amounts associated with each of the compensation assignment plans included in the appropriate set of compensation assignment plans.
2 more elements
A computer program product embodied in a non-transitory computer readable medium and comprising computer instructions for:
- receiving live transactional compensation data, wherein the live transactional compensation data comprises a plurality of compensation factors associated with the an employee;
- determining, for the employee, an appropriate set of compensation assignment plans from a set of compensation plans based at least in part on the plurality of compensation factors associated with the employee;
- determining a compensation scheme corresponding to the employee based at least in part on the appropriate set of compensation assignment plans;
- and
- providing a compensation model that is based on the compensation scheme, wherein the compensation model corresponding to the employee is configured to output a total compensation amount that is based on the corresponding amounts associated with each of the compensation assignment plans included in the appropriate set of compensation assignment plans.
2 more elements
Dependencies are inferred from the claim text.