The human force is the most important capital for every business organization. Without skilled and qualified workers, a business cannot serve its customers. In these modern times, businesses need modern Human Capital Management solutions for managing their human force. That is where the Workday system comes into the picture.

Workday is a cloud-based HCM solution that helps HR professionals to manage their workforce with effective tools and techniques. Through this solution, HR can easily manage its human force from recruitment to retirement. Several features of Workday HCM help HR professionals in their day-to-day work. In this article, we are going to discuss all the features that are useful to HR and should be known in detail. 

What is Workday HCM?

Workday HCM is a cloud-based system solution for all HR needs. This system addresses the challenges that a business is facing or may face in the future and prepares it to manage those challenges. Workday HCM is a single solution to all the HR activities from streamlining the processes to aligning the teams according to business strategies. Workday solutions help businesses to manage and organize their people with the use of multidimensional criteria. This also helps in aligning the needs of the finance and HR department. This system is popular among business organizations because of its useful features and simplification of work. 

Top Workday Features Every HR Professional Should Know

Workday is a useful cloud-based system that has been helping multiple businesses in their day-to-day operations. To understand the power of this system, it is important to understand some Workday features that help businesses. These are the features that help in expanding the functionality of the Workday system and help businesses in managing many aspects of business operations from a single system. 

Here is some top Workday features that every HR professional should know:

1. Human Resource Management 

This is the most important feature of Workday. Workday HRM helps the business to carry out all the activities that are related to managing the Human Resources of the organization. This may include recruiting, selecting, compensating, and training the employees. Without these activities, the business may not perform most efficiently as Humans are a crucial part of every business. 

2. Recruiting and onboarding 

Recruiting and onboarding the right kind of employees is a tedious process to carry out. The business has to choose a few people from hundreds of applications. That is why Workday Recruiting and onboarding feature is highly useful for every business out there. It helps them in identifying the right set of people who are suitable for the job and then the business can choose from them. This feature helps in job postings, tracking the applications, scanning the specifications of the candidates and continuously communicating with the candidates. 

3. Time Tracking 

When there are hundreds of employees working in a company, the organization cannot take care of every person and analyze their work. The Workday Time Tracking feature helps the business to track the work timing of employees. This means that Workday will list down the time that your employee is working during their working hours. In this way, you can easily analyze the time and attendance of the employees without any hassle. This Workday feature includes advanced time tracking options for the HR professionals such as mobile time tracking and clocking in and out. It can also help in determining the attendance patterns of employees so that HR can carry out data-driven actions according to the results. 

4. Workforce Planning and Analytics

This feature primarily focuses on the supply and demand of talent in the organization. This means that it manages the human resource demand of the organization. The analytics tools also help in categorizing the roles and jobs of the workers. Every HR needs advanced analytics tools to identify trends, create custom reports, and analyze the data of the workforce. Workday HR analytics feature provides HR professionals with just that. They can easily analyze the working of employees, their performance levels, and the gaps that may occur in their work.

5. Project and Work Management

The Workday Project and Work Management feature helps the business in carefully analyzing the work that is done by the employees. It scans every project done by the employees and makes sure that there aren’t any gaps in the work. The businesses can effectively plan, staff, and track the working of the employees.

6. Performance Management 

The HR professionals can easily create development plans along with providing feedback and setting necessary goals for the employees. Through this feature, HR professionals can easily identify the pain points of their employees and recognize any skill gap that may appear in the work. Every business must analyze the performance of its employees to make sure that they’re working according to the standard of the organization. 

7. Learning Management System 

The LMS feature of Workday solutions helps HR professionals in managing the learning process of the employees. This feature is highly suitable for creating and managing different courses that are important for the upskilling of the employees. This feature is also useful in tracking the work progress of employees and providing constructive feedback to them. 

8. Absence Management 

Workday solutions can easily help in tracking and managing the absence rate of employees. The absence management feature of the Workday helps in tracking the paid time offs, sick leaves taken by the employees, and leave of absence. It also helps in identifying absence patterns which will in turn help HR in making informed decisions. When the absence patterns are identified, it becomes easy to take action against recurring absences by the employees. An unnecessary absence may be a result of the de-motivated worker. 

9. Integration 

Workday HCM can easily be integrated with other enterprise applications through the feature of Workday integration. This includes pre-built integrations with some popular enterprise applications such as Salesforce and Microsoft Office. This also helps in creating custom integrations with other applications 

10. Payroll solutions

The payroll solutions feature of Workday includes pre-built Payroll templates, direct deposit, and tax compliance. Through Workday Payroll, HR professionals can manage all the payroll work of employees from one single platform. This makes the work easier and more time effective as the HR doesn’t have to carry out multiple tasks at the same time. 

11. Big Data Analytics 

A business can make data-driven decisions about its growth and expansion only after analyzing the overall data. However, gathering all this data is a difficult process to carry out. The Big Data Analytics feature of Workday helps businesses to gather this data in one place and analyze it in a shorter time frame. Business professionals do not have to take a look at different data as all the business data are represented in the same place. 

12. Career and Development Management 

With the rapid change in the business environment and the introduction of new technologies, many businesses prefer to teach their employees new skill sets and technologies through their career and development efforts. Focusing on achieving this goal, Workday Career and Development Management feature help workers to learn and work at the same time. This can be done through a shared learning experience that can be accessed on any device at any time. 

13. Talent Management 

The Talent Management feature of Workday includes the practices of searching, training, and keeping the best employees. This means identifying and retaining the most talented employees within the organization. The company must pick out its best talent so that they are rewarded in the best possible way and keep motivated to work in the same manner in the future.  It also focuses on meeting the needs and requirements of the business along with aligning the needs of employees. This feature helps the business to achieve maximum potential success. 

14. Audit and internal controls 

Audit controls can cost a lot of money and time to the business. Workday HCM provides the business with its audit and internal controls features at lowers costs and time. This helps the business to save a lot of time and get the work done in one place. By applying cost-effective audit controls, the business can work further than compliance to improve business operations. 

15. Customize Reporting 

With the use of custom reports features of Workday HCM, businesses can design the reports according to their needs. This will help in getting better results of their efforts. The employees will also learn the capabilities of calculated fields and will help to grow their skills along with user reports. 

Additional Features of Workday 

Apart from the core features that we have discussed, there are some additional features or benefits of the Workday system that we should understand. This will help in understanding the working of the Workday cloud-based system and how it can help you in your business operations.  

1. Efficiency – The cloud-based system of Workday is specifically designed to streamline processes to increase efficiency, reduce manual processes, and improve accuracy.
2. Mobile Access – Workday is made to offer quick and convenient access to the business using mobile devices. Employees can easily access their HR and payroll information using the apps provided to them. Additionally, it makes it easier for managers to access reports using their mobile devices. 
3. Self-service – Without the aid of specialists, employees, and managers can simply handle all HR-related tasks on their own. They may easily access payroll and HR data by simply holding it in their hands. 
4. Compliance – This system is made to assist organizations in adhering to national and international laws that pertain to finance, human resources, and payroll.
5. Scalability – Business organizations can readily adjust to the changing business environment with the aid of this solution. The Workday assists businesses in scaling operations while taking into account the demands of a dynamic environment. 
6. Security – The Workday System’s entire collection of data is essential to the operation of the company. Workday features, including data encryption and multi-factor authentication, guarantee that this data is highly safe.

Workday, being a cloud-based solution, helps in fulfilling all organization’s needs. It provides a wide range of features for managing the financial and human resource needs of the organization. It offers a set of tools for the purpose of managing personnel data, recruitment candidates, performance management, payroll, and accounting. All the necessary work related to HR can easily be carried out through these Workday Features. Apart from these, Workday also provides additional features that can easily be customized to fit the business needs. Workday features provide multiple benefits to the businesses such as efficiency, compliance, scalability, integration, collaboration, and much more. Workday Cloud-based System helps the HR team to work efficiently towards achieving their goals and it is an excellent fit for all business needs. That is why, I highly recommend businesses to include Workday Solutions in their work. 

 The Ultimate Workday Training

Get your hands on the best Workday training from the World’s leading Workday training institute, ERP Cloud Training. ERP Cloud training serves as the best platform for a successful career in Workday that transforms the lifestyle of a Workday aspirant for the better. To gain a comprehensive knowledge of all the modules of Workday, ERP Cloud Training is the place to be. The institute offers quality training from an expert with 30 years of experience, who has a proven track record of placing nearly 60,000 students across the globe in Remote, full-time/contract jobs. The courses are created keeping in mind the growing needs of Workday consultants and it comes with tons of benefits and bonuses like Tenant access, valuable documents, free job support, Workday certification and many more. If you are looking for a training that economically caters to your Workday career ambitions, ERP Cloud Training is the right choice.