Features of Workday HCM

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Features of Workday HCM

Core HR Foundations

  • Global Workforce Data: Provides a centralized repository of employee data, streamlining HR processes and facilitating global workforce management.
  • Skills Cloud: Uses machine learning to create a rich skills database. This promotes skills-based matching for internal opportunities, talent development, and strategic workforce planning.
  • Organizational Flexibility: Workday’s highly configurable structure allows you to adjust the system as your business needs change without costly customizations.

Strategic Workforce Planning

  • Dynamic Planning: Enables “what-if” scenarios to examine the impact of staffing changes, budget adjustments, and strategic initiatives.
  • Headcount & Analytics: Delivers insights and tools to analyze your current workforce, identify gaps, predict trends, and ensure you have the right people in the right places.

Talent Management

  • Recruiting: Covers the entire hiring process, including job requisitions, sourcing (internal and external), applicant tracking, offer management, and onboarding.
  • Performance Management: Provides goal setting, continuous feedback, performance reviews, and calibration tools to manage and develop your talent.
  • Succession Planning: Helps organizations identify critical roles and prepare potential successors to ensure a smooth transition and mitigate the loss of key talent.
  • Learning & Development: Supports a range of learning modalities including courses, videos, and collaborative learning to facilitate employee development.

Compensation

  • Total Compensation Management: Manages salary administration, bonus plans, incentive programs, and equity compensation plans.
  • Global Compliance: Helps ensure that compensation practices meet local laws and regulations around the world.

Time, Attendance, and Absence Management

  • Time Tracking: Provides configurable ways to track time for various pay rules, overtime calculations, and compliance needs.
  • Scheduling: Offers tools to build and manage employee schedules efficiently.
  • Absence Management: Streamlines the process of requesting, tracking, and approving employee absences.

Payroll

  • Global Payroll Capabilities: Handles payroll calculations and tax compliance across multiple countries and regions.
  • Payroll Integrations: Workday integrates with major payroll providers for seamless data flow for certain countries/regions where it doesn’t provide in-house payroll solutions.

Analytics and Reporting

  • Reporting Dashboards: Customizable dashboards and reports to track key HR metrics and trends.
  • Workday Big Data Analytics: Provides more advanced analytics capabilities to delve deeper into workforce insights and make informed workforce decisions.

User Experience

 

  • Intuitive Interface: Modern, user-friendly interface that promotes adoption and reduces the need for extensive training.
  • Mobile Access: Allows employees and managers to access critical HR information and self-service functions on the go.
You can find more information about  Workday HCM in this  Workday HCM Link

 

Conclusion:

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