Workday HCM is a cloud-based human capital management software that helps businesses streamline their HR processes. It offers a range of features that enable organizations to manage their workforce, from recruitment to retirement. In this article, we will provide a comprehensive overview of Workday HCM’s key features and how they can benefit your organization.
Core Features of Workday HCM
Human Resource Management
Workday HCM’s HR Management module helps businesses manage their workforce effectively. It allows HR teams to track employee data, create organizational charts, and manage job and position details. Some of the key features of Workday HCM’s HR Management module include:
- Employee Profiles:Workday HCM allows you to create detailed employee profiles that contain information on an employee’s job history, skills, and performance.
- Organizational Charting: With Workday HCM, you can create and manage organizational charts that provide a clear view of your company’s structure.
- Position Management: Workday HCM lets you manage job and position details, including job descriptions, qualifications, and compensation.
Workday HCM’s Payroll Management module simplifies the payroll process by automating calculations, taxes, and deductions. It provides a range of features that allow businesses to manage payroll effectively, including:
- Payroll Calculations: Workday HCM automates payroll calculations, including taxes, overtime, and other deductions.
- Employee Self-Service: Employees can view and manage their payroll information through Workday HCM’s self-service portal.
- Direct Deposit: Workday HCM supports direct deposit, which eliminates the need for paper checks and makes payments more efficient.
Time and Absence Management
Workday HCM’s Time and Absence Management module helps businesses manage employee time off and attendance. It provides a range of features that allow HR teams to manage time and absence effectively, including:
- Time Tracking: Workday HCM allows employees to track their time and attendance using the self-service portal.
- Absence Management: HR teams can manage employee time off requests, including vacation, sick leave, and personal time.
- Leave of Absence Management: Workday HCM’s Leave of Absence Management feature helps HR teams manage employee leaves of absence, including FMLA, disability, and military leave.
Workday HCM’s Talent Management module helps businesses manage their talent effectively, from recruitment to retirement. It provides a range of features that allow HR teams to manage talent effectively, including:
- Recruiting: Workday HCM provides a robust recruiting module that allows businesses to manage the entire hiring process, from posting jobs to onboarding new employees.
- Performance Management: Workday HCM’s Performance Management module allows businesses to manage employee performance, set goals, and track progress.
- Career Development: Workday HCM helps businesses manage employee career development by providing tools for setting career goals and tracking progress.
Additional Features of Workday HCM
Reporting and Analytics
Workday HCM provides powerful reporting and analytics tools that allow businesses to gain insights into their workforce. Its reporting and analytics features include:
- Real-Time Reporting: Workday HCM provides real-time reporting capabilities that allow businesses to track key HR metrics, such as employee turnover and recruitment metrics.
- Customizable Dashboards: Workday HCM’s dashboards are customizable, allowing businesses to create and share reports that are tailored to their specific needs.
- Analytics Tools: Workday HCM provides a range of analytics tools that allow businesses to analyze and gain insights into their workforce data.
Workday HCM’s mobile app provides on-the-go access to HR information for both employees and managers. Its mobile features include:
- Self-Service: Employees can view and manage their HR information, such as pay stubs, benefits, and time off requests, through the mobile app.
- Manager Self-Service: Managers can view and approve time off requests, manage team schedules, and complete performance reviews through the mobile app.
- Push Notifications: Workday HCM’s mobile app provides push notifications for important HR tasks, such as time off requests and performance reviews.
Workday HCM integrates with a range of third-party applications, including payroll providers, benefits providers, and applicant tracking systems. Its integration features include:
- Open API: Workday HCM provides an open API that allows businesses to integrate with other systems easily.
- Pre-Built Integrations: Workday HCM provides pre-built integrations with a range of third-party applications, such as ADP, Paychex, and Salesforce.
- Data Management: Workday HCM provides a range of tools for managing data integrations, including data connectors and data transformation tools.
Benefits of Workday HCM
Workday HCM offers a range of benefits for businesses that adopt the software, including:
- Streamlined HR Processes: Workday HCM’s core features help businesses streamline their HR processes, reducing administrative tasks and improving efficiency.
- Improved Employee Engagement: Workday HCM’s self-service features allow employees to manage their HR information and requests easily, improving engagement and satisfaction.
- Greater Visibility and Insights: Workday HCM’s reporting and analytics features provide businesses with greater visibility into their workforce data, allowing for better decision-making.
How to Learn Workday HCM Step by Step
If you are interested in learning Workday HCM, there are several steps you can take to get started.
Step 1: Familiarize Yourself with Workday HCM
The first step in learning Workday HCM is to familiarize yourself with the software. You can do this by visiting the Workday website and reading about its features and capabilities. You can also watch online tutorials or read articles about Workday HCM to gain a basic understanding of how it works.
Step 2: Take Online Courses
There are Workday Certification courses available that teach Workday HCM. These courses are typically designed for HR professionals, managers, and IT professionals who want to learn how to use Workday HCM effectively. You can take these courses at your own pace, and they typically cover the basics of Workday HCM, such as HR management, payroll management, time and absence management, and talent management.
Step 3: Attend Workday Training Sessions
There are Workday training sessions for its customers and partners. These sessions are typically held online and cover various aspects of Workday HCM, including configuration, integration, and reporting. Attending these training sessions can give you a more in-depth understanding of how Workday HCM works and how to use its features effectively.
Step 4: Gain Hands-On Experience
The best way to learn Workday HCM is to gain hands-on experience with the software. If you work for a company that uses Workday HCM, ask your HR or IT department if you can have access to the software to practice using it. You can also look for internship or job opportunities that require knowledge of Workday HCM.
Step 5: Stay Up-to-Date with Workday Updates
Workday HCM is continually evolving, with new features and updates being released regularly. To stay up-to-date with the latest developments in Workday HCM, you can subscribe to Workday’s newsletter or follow its social media channels. You can also attend Workday events or join Workday user groups to learn from other professionals who use the software.
Workday HCM is a powerful human capital management software that offers a range of features for managing HR processes effectively. Its core features, including HR management, payroll management, time and absence management, and talent management, provide businesses with the tools they need to manage their workforce effectively. Its additional features, such as reporting and analytics, mobile access, and integration capabilities, make it a comprehensive solution for businesses of all sizes. By adopting Workday HCM, businesses can streamline their HR processes, improve employee engagement, and gain greater insights into their workforce data.