Concept: Pooled Budgets

Pooled budgets are financial and award type budgets that you can share between multiple positions or staffing activities. You don't need to restrict a pooled budget to any 1 position or staffing model. Example: You have an annual pool of funds allocated for salary expenses for a department in your organization. Each staffing transaction gets checked against the pooled budget for that department. The unspent budget is the salary savings.

Workday requires budget check to use pooled budgets. Workday checks your financial or staffing transactions against a pooled budget only if the transactions belong to the Job Management staffing model.