Workday Human Capital Management is the leading unified HR and Talent Management solution on the market today. By offering both of these within the same solution, Workday can provide you with unique insights and capabilities unavailable in standalone solutions. http://www.workday.com/solutions/human_capital_management.php
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Workday Human Capital Management Datasheet
1. Workday Human Capital Management
Workday Human Capital Management (HCM) is a configurable Software- Key Features and Benefits
as-a-Service (SaaS) solution designed to help you organize, staff, pay, and • Leverage a unified Global Human
develop your global workforce. Workday offers a unified Human Resources Resources and Talent Management
and Talent Management Solution that can give you unprecedented insight solution in a single system
into the capabilities, capacity, cost, and quality of your workforce. • Manage the full hire-to-retire lifecycle
for employees
Global Human Resource Management • Account for and organize every worker
Workday HCM provides the core system-of-record you need to manage around the world
the full onboard-to-retire process for both employees and contingent
• Reflect your organizational structures
workers in an increasingly global environment. With Workday, you can accurately and reorganize easily
easily adapt your business entities, workers, and HR processes to support
• Compensate your workers consistently
your strategic objectives.
and fairly
• Provide self-service tools that utilize a
Workforce Lifecycle Management: Manage Your Entire Global Workforce
modern and simple user interface
Workforce Lifecycle Management handles the worker lifecycle from hire
to termination, providing a centralized and cohesive solution to managing • Manage employee benefits enrollment
and benefit change events
your global workforce. With Workday, you can:
• Align the workforce to your
organization’s goals
• Set headcount and staffing budgets for organizations and track
hiring to budgets. • Assess and optimize your workforce
• Define the appropriate staffing model (position, headcount, or job capabilities and allocation
management) for the entire company or individual business units. • Create and develop leadership pipelines
• Establish security and business processes by region, division, or
• Enable employees to proactively inform
organization. their own career path
• Manage the movement of individuals or groups within an
organization.
• Report on and drill into global positions, headcount,
turnover, and other workforce demographics.
Organization Management: Keep Pace With Change
Organization Management enables you to accurately model
organizational structures as well as provide analytics based
on organizational dimensions. With Workday, you can:
• Assign workers to multiple organizational types,
including departments, cost centers, business entities,
regions, teams, matrix and custom organizations.
• Restructure organizations and reporting relationships
as business needs change.
2. • View up-to-date graphical organizational charts for • Establish eligibility criteria for different groups
any organization. and organizations for different time-off or leave
benefits.
Compensation Management: Motivate, Reward, and Retain • Configure business processes and rules for
Compensation Management allows you to design, manage, approving and routing time-off requests.
and adjust compensation programs to meet your complex • Provide an intuitive user experience for employees
global rewards requirements, ensure fair and consistent to request time off or check time-off balances.
compensation practices, and reward performance • Maintain consistency of accrual calculations between
fairly and consistently. With Workday Compensation Workday Absence and Workday Payroll Management.
Management, you can:
Employee Benefits Administration: Benefits That Fit
• Define and manage global compensation plans, Your Unique Organization
including base pay, variable pay, equity, and Workday Employee Benefits gives you the tools to define,
allowances. manage, and adjust benefits plans to meet your unique
• Roll out multi-plan, multi-target, and multi- business requirements. With Workday Employee Benefits,
currency compensation processes to global teams. you can:
• Set compensation budgets based on bottom-up
targets, performance goals, or top-down funding. • Offer employees a full spectrum of benefits
• Motivate and reward individual, team, and business coverage, including health, retirement, insurance,
performance. and flex options.
• Drill into performance-based pay results to ensure • Define benefit eligibility rules for specific benefit
top performers are appropriately compensated. options.
• Manage benefit elections through open enrollment
and benefit change events.
• Analyze benefit plans, costs, and enrollment.
• Leverage the Workday Benefits Network, which
offers pre-built integrations to popular benefit
providers.
Workday also offers the Workday Benefits Network,
which provides a catalog of pre-built integrations that
connect to benefits providers, giving Human Resource
organizations the ability to evaluate, select, and offer the
most appropriate plans for your workforce. With Workday
Benefits Network, you can:
• Simplify the integration process to popular benefits
providers.
• Select from a wide catalog of providers across all
Absence Management: Manage Time Off benefit types.
Workday Absence Management enables you to create and • Rely on Workday to maintain working connections
manage both accrued time-off and leave-of-absence plans to included providers.
that fit with the organization goals and compensation • Redeploy IT to focus on more strategic activities
philosophies. With Workday Absence Management, you can: rather than benefits integrations.
3. Global Talent Management Performance Management: Evaluate, Develop, Optimize
Workday Talent Management delivers the tools you need Workday Performance Management offers accurate, real-
to anticipate and respond to the developmental needs of time insight into the performance, skills, and development
your organization, provide decision-makers with timely and needs of your workforce. With Workday Performance
accurate workforce information, align work with strategic Management, you can:
business goals, and optimize deployment of talent.
• Configure the performance process by role or
talent pool.
• Identify and develop top talent across teams,
organizations, and borders.
• Include multiple reviewers in the review process.
• Assess and take action on development needs.
• Solicit or give feedback—any time.
Goal Management: Align, Engage, Focus
Workday Goal Management helps you define meaningful
goals that align work with business objectives. It also
helps engage the workforce by providing insight into how
performance and rewards are linked. With Workday Goal
Management, you can:
• Establish goals for teams and individuals. Succession Planning: Prepare Your Future Leaders
• Cascade company goals to maximize alignment Workday Succession Planning helps you develop and
with business objectives. maintain succession pipelines for critical positions,
• Create a clear line of sight between business engage and develop high potentials, avoid critical
objectives and team or individual performance. leadership gaps, and prepare the organization for future.
• Assess and track goal completion and performance With Workday Succession Planning, you can:
for a holistic picture of worker performance.
• Identify the best candidates for future leadership roles
based on potential, performance, and talent profile.