What is Workday HCM?

• Workday Human Capital Management (HCM) is a cloud-based, unified software suite that manages the entire employee lifecycle within a single system.
• Designed for businesses of all sizes, it provides a flexible and powerful solution for core HR functions and advanced talent management.

Key Features of Workday HCM

• Global HR Foundation: A centralized system for managing employee data, ensuring data integrity and compliance across different geographies.
• Payroll: Automated payroll processing with capabilities for complex calculations, taxes, and compliance across multiple countries.
• Talent Management: Tools for attracting, developing, and retaining top talent, including recruiting, onboarding, performance management, goal setting, and succession planning.
• Time Tracking and Absence Management: Tracks employee time and attendance, manages leave requests, and helps with scheduling.
• Benefits Administration: Streamlines benefits enrollment, management, and changes – supporting various flexible benefits plans.
• Workforce Planning: Provides tools and analytics for strategic workforce planning, forecasting, and scenario modeling.
• Learning Management: Offers features for employee training, course management, and career development.
• Reporting and Analytics: Robust analytics and reporting capabilities provide insights into workforce trends, costs, and data-driven decision-making.

Benefits of Using Workday HCM

• Unified System: All HR functions are integrated within one platform, preventing data silos and improving efficiency.
• Cloud-Based: Accessible from anywhere with an internet connection, providing flexibility and scalability.
• User-Friendly Interface: Workday’s intuitive interface makes it easy to adopt for both managers and employees.
• Configurability: The system can be easily configured to meet an organization’s specific needs and processes without extensive customization.
• Real-Time Data: Delivers real-time insights into workforce data, enabling better decision-making
• Continuous Updates: Workday’s regular updates provide new features and ensure the solution stays up-to-date with regulatory changes.
• Skills-Based Talent Approach: Workday Skills Cloud uses machine learning to create a skills-based data infrastructure for identifying talent, addressing skills gaps, and making more strategic workforce decisions.

Why Choose Workday HCM

Workday HCM is a popular choice for businesses because it:

• Provides a comprehensive HCM solution that can scale as a business grows.
• Offers a modern, user-friendly platform that is easy to use.
• Delivers data-driven insights to support strategic workforce decisions.
• Continuously updates and innovates to keep up with the changing needs of businesses.