What is Workday HCM?

• Human Capital Management (HCM): Workday HCM is a cloud-based software suite designed to manage the entire employee lifecycle within an organization.
• Functionality: It covers areas like recruiting, onboarding, payroll, time tracking, performance management, benefits administration, and more.
• Benefits: Workday HCM provides a single, unified system for HR data. This offers advantages like improved efficiency, better data-driven decision-making, and a streamlined user experience for employees and HR professionals.

Key Functional Areas of Workday HCM

• Core HCM: The foundation of Workday, managing employee data, organizational structures, job profiles, and core HR processes.
• Recruiting: Attracting, sourcing, screening, hiring, and onboarding new talent.
• Talent Management: Performance reviews, goal setting, succession planning, and career development opportunities.
• Compensation: Salary structures, bonuses, benefits administration, and managing stock plans.
• Payroll: Calculating and processing payroll for various countries, tax calculations, and managing compliance.
• Time Tracking and Absence Management: Tracking employee work hours, vacation time, sick days, and other absences.
• Learning: Creating and delivering training materials, tracking employee development.
• Workforce Planning: Forecasting future workforce needs, analyzing workforce data, and supporting strategic HR decisions.

Role of a Workday HCM Functional Consultant

A Workday HCM functional consultant plays a vital role in successfully implementing and maintaining Workday within an organization. Their responsibilities include:

• Understanding Client Needs: Gathering detailed requirements from the client to understand their specific HR processes and workflows.
• Configuration: Designing and configuring Workday modules to align with the client’s unique requirements. This includes setting up business processes, security roles, reports, and integrations with other systems.
• Testing: Developing and executing test plans to ensure the Workday implementation is error-free and aligns with the client’s needs.
• Training: Providing training and guidance to end-users to navigate and use Workday effectively.
• Troubleshooting: Addressing and resolving issues reported by users.
• Ongoing Support: Staying updated on Workday updates and best practices. Recommending and implementing changes as needed for the client.