What is Workday HCM Payroll?

• Part of the Unified System: Workday HCM Payroll is an integrated part of Workday’s Human Capital Management (HCM) suite. This means that your payroll data flows seamlessly from other Workday modules like Time Tracking, Benefits, Recruiting, and more.
• Designed for Enterprise Needs: This payroll solution is focused on the complex requirements of larger, often multinational enterprises.
• Global and Local Capabilities: Workday offers built-in payroll processing for the U.S., Canada, Australia, the UK, and France. For other countries, it provides easy integration with third-party payroll providers.

Key Features of Workday Payroll

• Flexible Configuration: Extensive configuration options allow you to create unlimited pay groups and handle complex pay rules.
• Data Control: Access and adjust data in real-time to perform immediate recalculations as needed.
• Continuous Processing: Payroll processing is not limited to a fixed schedule, allowing for adjustments whenever necessary.
• Real-time Reporting: Get financial insights with built-in analytics and reporting on general ledgers.
• Security & Accessibility: Configurable security roles let authorized partners have input and view results.
• Mobile Enablement: Provides an employee-friendly mobile experience.

Benefits of Using Workday HCM Payroll

• Automation & Streamlining: Reduce manual tasks and errors, streamline payroll processes by connecting HR changes directly to payroll.
• Improved Accuracy: Minimize mistakes and compliance risks due to the tight integration and real-time data processing.
• Global Visibility: Get a comprehensive view of your global payroll spend and make strategic decisions.
• Data Insights: Use data to track labor costs, make informed budgetary choices, and drive efficiency.
• Empowered Employees: Allow employees to manage some tasks independently with self-service tools.

Is Workday HCM Payroll Right For You?

Workday HCM Payroll makes sense if:

• Your Enterprise is Complex: You have diverse business requirements, potentially needing frequent pay run adjustments or managing payroll for multiple countries.
• Integration is Vital: You want your HR functions and payroll tightly connected to decrease errors and improve efficiency.
• You Value Data-Driven Decisions: You want powerful analytics and reporting to draw insights from your payroll data.