Workday HCM Training

Workday HCM Demo Video

https://youtu.be/rsRc7YyDdPQCourse overview

About Workday HCM?

Workday HCM training is a set of practices related to people resource management or cloud based human resource management solution that assists global enterprise application that unifies human resources, benefits, talent management, payroll, time and attendance as well as recruitment and businesses of all sizes in a variety of industry verticals with workforce planning, analysis, and execution.

Workday will significantly improve HR and payroll compliance, reduce risk, provide better data for decision making, and increase efficiency across the institution. It will also enable people from the University to work more efficiently thanks to consistent, streamlined and modern practices.

Workday HCM is a cloud-based software platform that encompasses a wide range of HR functionalities, including talent management, payroll, benefits administration, time tracking, and more. It provides a unified solution for managing the entire employee lifecycle, from recruitment and onboarding to performance management and offboarding. By centralizing HR processes in one system, Workday HCM offers organizations a holistic view of their workforce and enables seamless collaboration across departments.

Core Features of Workday HCM

2.1 Human Resource Management

Workday HCM offers robust human resource management capabilities, allowing HR professionals to efficiently manage employee data, organizational hierarchies, and job positions. It simplifies tasks such as employee record maintenance, job requisition management, and organizational chart creation. The intuitive interface and self-service options empower employees to access and update their information, reducing administrative burden and enhancing data accuracy.

2.2 Talent Management

Talent management is a crucial aspect of HR, and Workday HCM excels in this area. It provides tools for recruitment, performance management, learning and development, and succession planning. Recruiters can leverage the system to post job openings, track applicants, and streamline the hiring process. Performance management features enable ongoing feedback and goal setting, fostering employee growth and development. Workday’s learning management system allows organizations to deliver training programs and monitor employee progress effectively.

2.3 Time Tracking and Attendance

Workday HCM includes comprehensive time tracking and attendance management features. Employees can log their hours, request time off, and managers can review and approve timesheets within the system. By automating these processes, organizations can reduce errors, ensure compliance with labor regulations, and accurately calculate employee compensation.

2.4 Payroll Management

Payroll management is simplified with Workday HCM. The system automates payroll processing, tax calculations, and deductions, ensuring accurate and timely payments. Additionally, it provides reporting capabilities for payroll analytics and compliance purposes. Integration with financial systems enables seamless transfer of payroll data, reducing manual effort and the risk of errors.

2.5 Employee Self-Service

Workday HCM offers a self-service portal for employees, providing them with direct access to their HR information, benefits, pay statements, and more. Employees can make changes to their personal information, view company policies, and manage their benefits elections. This self-service functionality improves employee satisfaction and engagement by giving them greater control over their HR-related tasks.

3. Benefits of Workday HCM

Implementing Workday HCM brings numerous benefits to organizations. Here are some of the key advantages:

3.1 Enhanced Efficiency and Productivity

Workday HCM automates manual HR tasks, such as data entry and report generation, freeing up HR professionals’ time for more strategic initiatives. The streamlined processes and intuitive user interface enhance overall efficiency, enabling HR teams to focus on value-added activities and driving productivity across the organization.

3.2 Seamless Integration and Automation

Workday HCM integrates seamlessly with other business systems, such as finance and payroll software, ensuring data consistency and eliminating the need for duplicate data entry. Automated workflows and notifications enable efficient collaboration and timely approvals, reducing bottlenecks and enhancing cross-functional efficiency.

3.3 Improved Employee Experience

Workday HCM empowers employees by providing self-service capabilities and easy access to HR information. This accessibility improves transparency, enables timely communication, and enhances the overall employee experience. Employees can view their pay statements, update their personal information, and access training materials conveniently, fostering a sense of ownership and engagement.

3.4 Data-Driven Insights and Analytics

Workday HCM offers robust reporting and analytics features that provide HR leaders with actionable insights into workforce trends, performance metrics, and talent development opportunities. By leveraging real-time data and visualizations, organizations can make informed decisions and drive continuous improvement in their HR strategies.

3.5 Scalability and Adaptability

Workday HCM is designed to scale with the growing needs of organizations. Whether it’s expanding the workforce or adding new functionalities, Workday provides flexibility and adaptability to accommodate changing business requirements. The cloud-based nature of the platform ensures seamless updates and eliminates the need for costly infrastructure investments.

4. Implementing Workday HCM

Implementing Workday HCM requires careful planning and execution. Here are the key steps involved:

4.1 Planning and Preparation

Before implementation, organizations need to define their goals, assess their current HR processes, and identify areas for improvement. Adequate resource allocation, stakeholder engagement, and project management are essential during the planning phase.

4.2 Data Migration and Configuration

Data migration involves transferring employee data from legacy systems to Workday HCM. It requires thorough data cleansing, mapping, and validation to ensure accurate and complete data transfer. Configuration involves setting up the system according to organizational requirements, including workflows, security settings, and integrations.

4.3 Training and Change Management

Successful adoption of Workday HCM relies on comprehensive training and change management initiatives. Training programs should be designed to educate users on the system’s functionalities and encourage user adoption. Change management strategies should address any resistance to change and communicate the benefits of the new system.

4.4 Ongoing Support and Optimization

Once implemented, organizations should provide ongoing support to users and continually optimize their Workday HCM instance. Regular system updates, user feedback analysis, and staying up-to-date with new features and best practices are crucial for maximizing the benefits of Workday HCM.

key components and features of Workday HCM:

1. Ø  Core HR: Workday HCM offers a centralized HR system that provides a complete view of employee data, including personal information, employment history, compensation details, and organizational structure.
2. Ø  Talent Management: Workday HCM includes modules for talent acquisition, performance management, and learning and development. These features enable organizations to attract, engage, and retain top talent, set goals and track performance, and facilitate employee development through training and learning programs.
3. Ø  Benefits and Compensation: Workday HCM provides tools for managing employee benefits, such as health insurance, retirement plans, and time off policies. It also facilitates compensation management, including salary planning, bonus allocation, and total rewards tracking.
4. Absence Management: This module enables organizations to efficiently handle employee leaves, including vacation, sick time, and other types of absences. It simplifies the leave request and approval process, ensures accurate leave balances, and guarantees compliance with company policies and regulations. Time and Attendance: Workday HCM provides time tracking functionality to monitor employee attendance, work hours, and overtime. It simplifies time capture, automates timesheet approvals, and seamlessly integrates with payroll systems for accurate payroll processing.3. Reporting and Analytics: With robust reporting and analytics capabilities, Workday HCM empowers HR professionals and managers to generate insightful reports and metrics. These valuable insights aid in making data-driven decisions, monitoring workforce trends, and identifying areas for improvement.4. Integration and Extensibility: Workday HCM supports seamless integration with other business systems, such as payroll, recruitment, and financial management. This ensures data consistency, eliminates manual data entry, and facilitates a holistic view of organizational information. Moreover, Workday HCM offers extensibility options, allowing organizations to customize and extend the platform to meet their specific requirements.5. Mobile Accessibility: Workday HCM provides a mobile app that grants employees and managers convenient access to HR information and essential tasks while on the go. This includes accessing payslips, submitting time-off requests, approving workflows, and staying connected with colleagues.