Workday Product Overview

Workday HCM provides a single cloud-based platform for finance, HR, and enterprise resource planning (ERP) to give businesses a foundation for agility and growth.

Built as one system with a single source for data, a single security model, and a single user experience, Workday HCM evolves to meet changing business objectives. This system also ensures that customers are always on the latest version with up-to-date capabilities, whether on a browser or a mobile device.

Workday HCM empowers HR to streamline processes, collaborate across the organization, and align teams with strategic business initiatives. With the software, enterprises can focus on talent strategy, employee experience, and long-term growth.

Pros of Workday HCM

Changes made on the Workday mobile app instantly appear in the browser version and vice versa, making it possible to move fluidly between mobile and desktop.
Workday supports teams that are distributed across a wide geographic region and incorporates country-specific diversity and compliance-related features.
Workday HCM can help businesses improve efficiency and reduce costs and time.

Cons of Workday HCM

It offers limited integrations compared to competitors.
Some users reported experiencing system slowness and lagging.
The initial setup and configuration process can be complex and time-consuming.

Breakdown of Core Features

Talent management

Workday provides HR teams with a complete understanding of the workforce's skills, capabilities, and talent needs. With deeper insight, 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. 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.

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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.

Mobile time tracking in Workday also comes with geofencing. Workers can get a reminder to clock in and out as they enter and exit the job site—and managers don’t have to spend time manually monitoring mobile employees.

Furthermore, managers can review and approve time for an entire team at once. The employee time tracking feature highlights exceptions automatically, making it simple to identify discrepancies that need attention.

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Reporting and analytics

Reporting and analytics are native to Workday HCM and inherit the security configurations set up for data. Because transactional and analytical data are in the same system, teams can drill into data and take action on it from anywhere within the platform. Removing the separation between transactions and analytics enables businesses to manage the organization in real time and with confidence in data integrity.