• Human Resources Management : This includes the various important aspects of:
  1. Organization Management : Create virtual organization on the software segregating on the basis of company, department, cost center etc. Workday's business process framework allows you to configure, reorganize, rearrange your organization charts as per your convenience without relying on IT.
  2. Compensation Management : Designing, adjust and managing compensation programs depending on the performance of the employee is the basis of Workday Compensation management tool You can include various options like base pay, variable pay, equity, allowances etc in the tool, and use them for compensation related decision making.

• Absence Management : Workday Absence Management tool allows you to automate and create a self serving process. You can track and report time-off requests, balance and accruals in real time. Managers can also track their team trends of leave types and keep a tab on those through automated reports.

• Benefits Administration : Workday Benefits allows you to offer your employees with a broad spectrum of benefits like health, retirement, insurance and other flexi options under the same umbrella. The benefit providers can be accessed through the Cloud Connect for Benefits that will provide you with offers and packages from benefit providers for your employees to pick and choose from. This automated process makes it easier for you to extend the benefits that can really be crucial for employee engagement and retention, and help you track its usage too.

• Talent Management :Workday Talent Management and Workday Human Resource Management tools work in an integrated manner to touch upon all aspects of the life cycle of an employee namely:
  1. Onboarding : Workday Onboarding allows you to assign pre-reading material and new-hire checklists to help the employee get aligned quickly. Administrative processes can also be managed on the software to eliminate the use of paper.
  2. Goal Management : Provide goal sheets to employees that are aligned to your team and the organization. Assessment and tracking is made easier through the reports that can be generated on the tool.

• Performance Management : A consistent performance management tool that will create a consistent language across the organization for discussing performance and providing feedback.

1. Succession Planning : This tool helps you to identify, compare and develop future leaders across the teams even if geographically apart. You can assess the overall health of your succession pipeline and be future ready at all times.
2. Career Planning : Based on the existing data on the system, Workday Career and Development planning tool helps you to create competency-based development plans for managers to enable them to achieve their career goals.

• Recruiting : A mobile interface is the solution that Workday provides for all your recruiting processes. Recruiting, talent management and workforce planning are all built into the solution to enable identification of top talent, collaborating for interviews, providing interview feedbacks and informing about hiring decision.

• Payroll Solutions : Workday Payroll enables you to manage your payroll from a single source no matter where your employees are and in which currency they need to be paid. The many benefits that you can get using Workday Payroll are:
  1. Workday Payroll through Cloud datasheet : You can access and integrate with any third party for payments to be done through an integrated software.
  2. Workday Payroll works seamlessly with Workday HCM, Time Tracking and Financial management to enable you to analyze the total labor cost and help maintain compliances.

• You can control your payroll processes, manage flexibilities and generate a plethora of reports through the software.

• Time Tracking : Workday time tracking configures processes, work flows and work rules in a single application to enable you to spend your time working and not tracking.

• Learning : Learning happens through sharing and the Workforce learning tool enables you to do just that. Using Workday Learning, you can create, consume and share data through any device accessing the software. The content can even be personalized depending on the employee group it needs to be shared with. The tool also subsequently enables you to measure the efficacy of the sharing through actionable reports that can be generated basis the viewing of the content and the feedback on it.

• Workforce Planning and Analytics : Using Workday solutions and apps, your leaders get equipped to make better decisions and business goals are tracked and met more frequently than otherwise. These tools enable you to check the performance of your plan and track it on a real time basis. The application software also throws up scorecards than help you to understand the metrics that are important to the business like workforce availability, turnover, engagement etc and provides you with scorecards to for information and action. Workday Planning integrates both financial and human capital management platform to help you make better plans for the future and reduce the time gap between planning and action.

Looking at the many benefits of using Workday finance and HR cloud based software, it is not surprise that more and more companies are opting for this. GSK Workday, Abbott Workday and Telenor Workday are just a few to be named who are making the best of the support and services provided by Workday. If you are also contemplating to switch or adopt Workday services, then look no further, and take that important decision now!