Share Options Enrollment/Staff Participation
Let employees enrol in a share option scheme with a simple, validated Workday task
Overview
Share Options Enrollment/Staff Participation gives employees a simple way to request enrolment in a share option scheme directly within Workday. Requests are validated automatically and routed to administrators for approval, or approved automatically where they meet configured rules.
Key features
- Custom task allowing employees to submit share option participation requests
- Dedicated Extend business process to route requests for administrator approval
- Automatic approval for requests that meet configured validation rules, reducing manual admin review
- Bank account and amount validations, checked against employee grade and prior enrolment data
- Autopopulation of employee details where existing data is already available
The challenge
Enrolling employees in a share option or staff participation scheme can involve significant manual review, particularly for validating bank details and award amounts. Organisations need a simple, self-service way for employees to request enrolment, with confidence that requests are checked accurately before approval.
The benefits
- Employees get a straightforward way to enrol in the share options scheme
- Automatic validation of bank account and amount reduces errors
- Automatic approval for lower-risk requests reduces administrator workload
- A clear, auditable approval process via a dedicated business process
