VIDEO: Workday Talent Management

Hello I’m Justin Fraction for TechnologyAdvice. Workday is well-known for its all-in-one HCM suite used to manage employees across the entire employee life cycle. And that suite houses a vast amount of employment data. But, did you know that Workday’sTalent Management CRM can help you leverage all of that data by mapping out your workforce's skills so that you can leverage your existing internal talent for projects without hiring new employees? This capability led our experts here at TechnologyAdvice to identify Workday Talent Management as the Best CRM for Upskilling Existing Talent Sources in 2023.

You can read all about it by checking out the article link in the description below. Or, you can watch our video on the Top Candidate Relationship Management Software for 2023 by clicking here. Workday Talent Management offers CRM features like branded career sites, landing pages, automated recruitment campaigns, and AI to parse candidate résumés and recommend relevant jobs. For example, Workday's AI can help employees determine their relevant skills based on their roles and add them to their profiles.

From there, Workday helps them with their career planning, providing personalized development suggestions, job interest assessments, opportunity graphs, and a talent marketplace to apply for open internal roles. Did you know, that according to a 2022 Paychex survey, 63% of respondents indicated they are more likely to stay at their organization if they provide career advancement opportunities. If you're focused on boosting employee engagement and retention, Workday Talent Management can help you develop a culture of continuous improvement and keep employees challenged and invested in their roles - and your organization.

One of the key features found within the solution is the Opportunity Marketplace. This is a centralized hub for existing employees to view, search for, and apply to open positions within your company. Employees can input their skills to identify ideal roles, ask for career feedback and connect with mentors to promote internal mobility and growth. Since the goal of a CRM is to develop your talent pipeline and strengthen your brand while ensuring a steady stream of qualified candidates, selecting the right CRM is ultimately a business decision.

You’ll want to focus on budget, hiring needs, and required features. So, we’ve built this shortlist just for you - and we hope that it puts you on the path to finding the right solution for your unique business. If you’re already using Workday’s HCM platform, then this integration makes a lot of sense. But, you always want to look at the full picture. Here are a few drawbacks other users have mentioned: Due to the reported high cost, organizations with limited hiring needs might want to look elsewhere The native ATS doesn’t have the same granular control as other third party solutions And, comprehensive training will be required to understand its full capabilities.

Now, Workday uses machine learning to analyze current talent pools, make recommendations, and even monitor skill deficiencies. Combine this talent module with the rest of its HCM suite, and you have a great option to leverage your existing talent pool as either a cost-saving measure or a learning and development strategy. And, of course, if you have experience with Workday Talent Management, we’d love to hear about it in the comments. Or, if you’re looking for more information or other CRM options, head on over to our website. Or, you can stick around and watch (Justin: insert your playlist callout here.) Thanks for watching.