What is Workday HCM?

• Workday Human Capital Management (HCM) is a cloud-based, unified software suite that centralizes all HR-related functions for businesses.
• It provides a single system to manage employee data, streamline HR processes, and gather workforce insights.
• Workday’s design emphasizes user-friendliness and real-time data access.

Key Features of Workday HCM

• Core HR: Manages employee information, organizational structures, job profiles, compensation, and compliance.
• Talent Management: Handles recruiting, onboarding, performance management, goal setting, succession planning, and career development.
• Payroll: Processes payroll for various regions and countries, accommodating complex tax and regulatory requirements.
• Time Tracking and Absence Management: Tracks employee work hours, attendance, time-off requests, and absences.
• Workforce Planning & Analytics: Provides powerful data analytics and reporting tools to uncover insights into workforce trends, costs, and make strategic decisions.
• Workday Skills Cloud: Leverages machine learning to build a dynamic skills inventory across your workforce, enabling skills-based talent decisions.

Benefits of Workday HCM

• Unified System: Eliminates disparate systems and data silos, creating a single source of truth for all HR information.
• Flexibility and Adaptability: Workday’s configurable design lets you change systems quickly to adapt to evolving business needs.
• Scalability: Workday supports businesses of all sizes, from small enterprises to large multinationals.
• Global Capabilities: Built to handle complex global HR processes, payroll, and multi-country regulations.
• Employee Self-Service: Empowers employees to update personal information, request time off, and access payroll data.
• Data-Driven Insights: Provides powerful analytics to support strategic workforce decisions.
• User-friendly Interface: Workday’s intuitive interface increases adoption and reduces the need for extensive training.

Why Companies Choose Workday HCM

Companies choose Workday HCM as it provides a modern, comprehensive approach to human capital management with a focus on innovation, adaptability, and a strong user experience. The cloud-based system also ensures businesses are always on the latest version with regular updates and new feature releases.