As of Friday, November 3 , the "Calculate Current Year Retained Earnings" checkbox will be retired by Workday.
Using this checkbox tells the report to calculate ending equity balances by taking beginning equity balance – net margin. Those who still need comparable behavior may utilize the "General Ledger Balance – Balance Sheet Details" report which will calculate ending equity in this manner. Please review the October Finance Office hours for a demo of this change.
Under Executive Order (EO) 14026, federal contractors are required to pay a minimum wage for employees working on, or in connection with, certain federal contracts. EO 14026 applies to contracts, subcontracts or contract-like instruments if the agreement is:
A procurement for services or construction; For services covered by the Service Contract Act (SCA); For concessions, including any concessions excluded by the Department of Labor Regulations at 29 C.F.R. § 4.133(b); or Entered into with the Federal Government in connection with federal property or lands and related to offering services for federal employees, their dependents and the general public.
EO 14026 applies to all workers covered by the Fair Labor Standards Act (FLSA) and performing work in connection with a covered contract for at least 20% of their workweek. It also generally applies to subcontractors that meet specified requirements.
For calendar year 2023, the federal contract minimum wage is $16.20/hour; effective January 1, 2024 , it is increasing to $17.20/hour.
See the full post for more details, including information about a validation message that will be displayed on the costing allocation data entry page beginning October 30 .
Wondering how changing your benefits selections or tax withholdings might impact your paycheck? Are you interested in determining what your pay increase will be with your recent overtime hours? Introducing Model My Pay, a new Workday tool now available that allows you to apply various hypothetical changes to your earnings, benefits, or tax elections to calculate paycheck estimates before making any actual changes. To learn more about this helpful planning tool access an informational video at BuckeyeLearn or review the Model My Pay job aid.
This is a friendly reminder to units to clean up financial worktags that are no longer being used and submit inactivation requests through Workday. Prior to submitting worktag inactivation requests, ensure that the Inactivation Checklist has been completed and worktags show a zero balance. For more information, see the FDM Request Process for New Worktag Values job aid available in the Administrative Resource Center (ARC).
As part of a standardization project, the business teams have been reviewing notifications for the Requisition and Purchase Order Business Processes to help create consistency across each process. These enhancements will be completed on Monday, October 9 . The change described below will be made to help improve the end user experience.
The “Requested on behalf of” will be notified if someone else (the initiator) starts a requisition on behalf of them. The requisition requester (and Requested on behalf of if applicable) will be notified if the amount of the requisition is changed by someone downstream. The requisition requester (and Requested on behalf of if applicable) will be notified if anyone other than the requester of a requisition cancels or denies the requisition. For Requisitions, only PCard, Inventory Replenishment and Change Order Requisitions the system will notify the requester (and Requested on behalf of if applicable) at completion of the business process. For everything else notification will go out at the issuance of a Purchase Order. Prior approvers will all now be notified if a subsequent approver denies the requisition.
See the full post for a reminder about how Workday notifies initiators, reviewers and approvers as a Workday transaction moves through a business process.
Currently, purchase requisitions and spend authorizations are reported on the weekly confirmation email sent out to Principal Investigators (PI) on their relevant Grants. Additionally, non-PO Invoices and Expense Reports without Spend Authorizations will start to be included during the month of October. This is to ensure that our PIs can review additional non-personnel charges against their Grants via this weekly reporting.
B&H Photo will be closed in observance of Yom Kippur on Monday, September 25 and also for Sukkot on Friday, September 29 through Sunday, October 8.
Purchase orders issued during the closures will still be accepted but product will not ship until B&H reopens. Please contact the Marketplace Team at BF-Marketplace@osu.edu with questions.
Customer Deposit functionality has been updated to enable users to add attachments for supporting documentation. Customer Deposits now has a new tab to include attachments when creating, editing, or revising the deposit. Anyone who has access to create and/or edit Customer Deposits will also have access to add/change attachments on Customer Deposit transactions.
A new training on Ohio State’s technology platforms, tools and resources is available for managers, manager liaisons, and administrative professionals. Build your foundation and confidence in using administrative technology that assists you in performing your work and managing employees. Human Resources team members will cover topics such as HR Connection, Workday, Microsoft 365, BuckeyeLearn and others, and guide you in finding and using tools that support your work. The Zoom training is offered the third Thursday of each month starting Sept. 21, at 10 a.m. Register for any session.
A new monthly Workday notification and email reminder will be sent to individuals with effort certifications pending their approval for 30 or more days.
