Payroll

A broad term in Workday that covers all individuals who perform work for an organization, regardless of their employment type. This includes both employees and contingent workers. 

Individuals who have a traditional employment relationship with the organization. They are hired for a specific role with established benefits and responsibilities​ 

This category includes individuals who are not considered employees, such as contractors, consultants or volunteers. They may be hired for a specific project or period and may not receive the same benefits as employees. ​ 

A method employees use to receive their paychecks and expense reimbursements, typically through direct deposit to one or more bank accounts.​ 

Legacy Term: Direct Deposit 

A mechanism that determines how payroll expenses (salary, fringe benefits, stipends, etc.) are distributed across funding sources. 

Legacy Term: Payroll Distributions 

The employee’s choices and declarations regarding the withholding of taxes from their paycheck. 

Legacy Term: W-4 Tax Information 

A document that summarizes an employee’s gross to net earnings for a specific pay period. 

Legacy Term: Paycheck/Paystub/Paycheck Statement​ 

The process of calculating an employee’s gross to net pay based on their compensation and other relevant information. Gross to net pay is calculated by taking the total amount and employee earns (gross pay) and then deducting applicable taxes, benefits and other withholdings to arrive at the final (net) amount they will be paid.​ 

Legacy Term: Calculate Payroll