Learn workday online from industry experts

Workday is a cloud-based software vendor that specializes in human capital management (HCM), enterprise resource management (ERP), and financial management applications. Workday delivers an all-in-one package that’s designed for medium-to-large-sized companies, especially companies with multiple locations thanks to features like payroll management, time tracking, human resource management (HRM), talent management, data analysis, and much more, all within a single toolkit.

What is Human Capital Management (HCM)?

Human capital management (HCM) consists of a comprehensive set of practices for managing, recruiting, developing, and optimizing the human resources of an organization. It’s essentially a tool for managing your most valued asset: your people. There are a lot of HCM solutions available on the market today, but Workday HCM suite is a leader in the space.

Features and Benefits of Workday

Workday was developed on a disruptive concept: bring people to the center of enterprise software. After more than a decade later, they still deliver on that idea. For example, one of the most significant benefits of Workday is its mobile experience. Employees, managers, and recruiters can access information anywhere, anytime on mobile, tablet, and desktop. Even better, Workday offers mobile access at no additional charge.

Other useful features of Workday include:

Human Resource Management (HRM)

HRM allows companies to manage and organize their workforce more effectively. In addition to self-service functionality for employees and managers, other features include compensation management and absence management.

Recruiting

Workday’s recruiting solution helps organizations find, share, engage, and select the best internal and external candidates for their organization. It manages the entire recruiting lifecycle in one system and enables transparency and collaboration across the whole hiring team. Users can also analyze what positions are open or what specific types of candidates they’re looking for and then create recruiting strategies based on real-time data.

Talent Management

The Workday talent management suite includes tools to improve managing, developing, and rewarding employees. It contains functions perfect for management, including onboarding, goal management, performance management, succession planning, and career and development planning.

Benefits

This solution helps companies manage their benefits plans to meet their unique business needs. Cloud Connect for Benefits  includes a pre-built integration catalog to many different providers and automatically takes employee information data from Workday HCM, (which means users won’t have to worry about manually entering data. Goodbye manual data entry headaches…)

Payroll

Workday’s payroll solution allows users to make multiple payroll calculations, perform batch calculations either by group or workers, have flexibility with earnings and deductions, and run audit reports. Have employees located outside of North America? Not to worry! Workday’s Cloud Connect for Third-Party Payroll makes it simple for your payroll department to integrate with third-party payroll providers. Users can use the local payroll service in the desired country while still accessing payroll data via Workday. Problem solved.

Time Tracking

Workday makes it easy as possible for employees to track their time, whether they clock in and out using a desktop, tablet, or mobile device. And for companies that do require physical time clocks, those can integrate with Workday via an API, so no troubles there.

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Workday is a specialized ERP-software vendor for Human Capital Management, Financial Management, and Payroll through the online domain. Learn Workday with real-time examples and use cases from IT Guru experts in a practical way.

 

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