Workday Human Capital Management is a configurable cloud-based software solution that provides a unified system for human resources and talent management. It allows organizations to manage the full employee lifecycle from hiring to retirement on a global scale. Key features include workforce lifecycle management, organization management, compensation management, absence management, benefits administration, talent management, performance management, goal management, succession planning, career development planning, and pre-built integrations through Cloud Connect for HCM.
Workday HCM Solution for Global HR and Talent Management
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
• Set headcount and staffing budgets for organizations and track organization’s goals
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 organization.
• Manage the movement of individuals or groups within an organization. • Enable employees to proactively inform
their own career path
• 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.
• View up-to-date graphical organizational charts for
any organization.
2. Compensation Management: Motivate, Reward, and Retain Absence Management: Manage Time Off
Compensation Management allows you to design, manage, Workday Absence Management enables you to create and
and adjust compensation programs to meet your complex manage both accrued time-off and leave-of-absence plans
global rewards requirements, ensure fair and consistent that fit with the organization goals and compensation
compensation practices, and reward performance philosophies. With Workday Absence Management, you can:
fairly and consistently. With Workday Compensation
• Establish eligibility criteria for different groups and
Management, you can:
organizations for different time-off or leave benefits.
• Define and manage global compensation plans, • Configure business processes and rules for
including base pay, variable pay, equity, and approving and routing time-off requests.
allowances. • Provide an intuitive user experience for employees
• Roll out multi-plan, multi-target, and multi- to request time off or check time-off balances.
currency compensation processes to global teams. • Maintain consistency of accrual calculations between
• Set compensation budgets based on bottom-up Workday Absence and Workday Payroll Management.
targets, performance goals, or top-down funding.
• Motivate and reward individual, team, and
Employee Benefits Administration: Benefits That Fit
business performance.
Your Unique Organization
• Drill into performance-based pay results to ensure
Workday Employee Benefits gives you the tools to define,
top performers are appropriately compensated.
manage, and adjust benefits plans to meet your unique business
requirements. With Workday Employee Benefits, you can:
• Offer employees a full spectrum of benefits
coverage, including health, retirement, insurance,
and flex options.
• Define benefit eligibility rules for specific benefit options.
• Manage benefit elections through open enrollment
and benefit change events.
• Analyze benefit plans, costs, and enrollment.
Workday also offers Cloud Connect for Benefits, 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 Cloud Connect
for Benefits, you can:
• Simplify the integration process to popular
benefits providers.
• Select from a wide catalog of providers across
all benefit types.
• Rely on Workday to maintain working connections
to included providers.
• Redeploy IT to focus on more strategic activities
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.
• Cascade company goals to maximize alignment
with business objectives.
• Create a clear line of sight between business
objectives and team or individual performance.
• Assess and track goal completion and performance
for a holistic picture of worker performance.