VIDEO: Workday – Top Features, Pros & Cons, and Alternatives

Watch this video to learn all about the 2023 updates to Workday, the cloud-based platform for finance, HR, and enterprise resource planning (ERP)! Check out our Workday overview, or see our full list of the best HR software.

Published: May 11, 2023
Updated: May 17, 2023
1 minute read

Transcription

Hey, it’s Emmanuel with TechnologyAdvice! Today I'm gonna talk about a software that has been pretty popular on the TA channel. Can you guess what it is? No it’s not Monday, it’s actually Workday! Please know that all jokes written and performed were intended to be funny, hilarious, comical, and knee slappers. We here at TA apologize for any dad jokes, wordplay jokes, and unfunny puns. So if workday is new to you or business, you can go checkout some of our earlier overviews, demos, and versus videos on the software.

But for this video I'm gonna update you on Workday's top three new features! starting with talent management. With this feature, Workday Talent Optimization incorporates business and talent data into a single system, allowing the company to attract, retain, and develop a workforce for whatever comes next. With deeper insights, employers can make necessary organizational changes, deliver personalized learning experiences, and nurture growth. Managers can place their employees in succession or talent pools, identify retention risks, and identify future leaders.

This provides HR teams with a complete understanding of the workforce's skills, capabilities, and talent needs. The next feature is gonna be Time Tracking Workday's time tracking feature is part of a single system with absence, HCM, and payroll. This helps managers understand and optimize their labor costs, increase workforce efficiency, and stay on top of compliance risks. The feature allows managers to review and approve time for an entire team at once.

It also highlights exceptions automatically, making it simple to identify discrepancies that need attention. Mobile time tracking in Workday comes with geofencing. Workers can get a reminder to clock in and out as they enter and exit the job site. This helps managers spend less time monitoring mobile employees. The final feature is going to be Reporting and analytics. Since transactional and analytical data are in the same system, teams can drill into data and take action from anywhere within the platform.

Removing the separation between transactions and analytics enables businesses to manage the organization in real time with confidence in data integrity. Now that we’ve gone through the features it's best to be aware that some users have experienced system slowness and lagging. But that’s why you should consider all options before purchasing a new Applicant Tracking System. But don’t worry, TA has four approved alternatives! Starting with Sling, Performance pro, APS, and Sum HR.

If you found this video helpful you can visit Technologyadvice.com for a free list of the best applicant tracking software options available today. And don’t forget to give us a like, comment, and subscribe while you check out our extensive library of Workday videos. Till next time! See you guys!

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Watch this video to learn all about the 2023 updates to Workday, the cloud-based platform for finance, HR, and enterprise resource planning (ERP)!

Check out our Workday overview, or see our full list of the best HR software.

TS

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