HUMAN CAPITAL MANAGEMENT

Manage Your Changing Business with Workday HCM

Workday Human Capital Management (HCM) is a configurable Software-as-a-Service (SaaS) solution designed to help you organize, staff, pay, and develop your global workforce. Workday offers a unified Human Resources and Talent Management solution that can give you unprecedented insight into the capabilities, capacity, cost, and quality of your workforce.

Global Human Resource Management

Workday HCM provides the core system-of-record you need to manage the full onboard-to-retire process for both employees and contingent workers in an increasingly global environment. With Workday, you can easily adapt your business entities, workers, and HR processes to support your strategic objectives.

Workforce Lifecycle Management: Manage Your Entire Global Workforce

Workforce Lifecycle Management handles the worker lifecycle from hire to termination, providing a centralized and cohesive solution to managing your global workforce. With Workday, you can:

• Set headcount and staffing budgets for organizations and track hiring to budgets.
• Define the appropriate staffing model (position, headcount, or job management) for the entire company or individual business units.
• Establish security and business processes by region, division, or organization.
• Manage the movement of individuals or groups within an organization.
• Report on and drill into global positions, headcount, turnover, and other workforce demographics.

Organization Management: Keep Pace With Change

Organization Management enables you to accurately model organizational structures as well as provide analytics based on organizational dimensions. With Workday, you can:

• Assign workers to multiple organizational types, including departments, cost centers, business entities, regions, teams, matrix and custom organizations.
• Restructure organizations and reporting relationships as business needs change.
• View up-to-date graphical organizational charts for any organization.

Compensation Management: Motivate, Reward, and Retain

Compensation Management allows you to design, manage, and adjust compensation programs to meet your complex global rewards requirements, ensure fair and consistent compensation practices, and reward performance fairly and consistently. With Workday Compensation Management, you can:

• Define and manage global compensation plans, including base pay, variable pay, equity, and allowances.
• Roll out multi-plan, multi-target, and multicurrency compensation processes to global teams.
• Set compensation budgets based on bottom-up targets, performance goals, or top-down funding.
• Motivate and reward individual, team, and business performance.
• Drill into performance-based pay results to ensure top performers are appropriately compensated.

Absence Management: Manage Time Off

Absence Management enables you to create and manage both accrued time-off and leave-of-absence plans that fit with the organization goals and compensation philosophies. With Workday Absence Management, you can:

• Establish eligibility criteria for different groups and organizations for different time-off or leave benefits.
• Configure business processes and rules for approving and routing time-off requests.
• Provide an intuitive user experience for employees to request time off or check time-off balances.
• Maintain consistency of accrual calculations between Workday Absence and Workday Payroll Management.

Employee Benefits Administration: Benefits That Fit Your Unique Organization

Employee Benefits gives you the tools to define, manage, and adjust benefits plans to meet your unique business requirements. With Workday Employee Benefits, you can:

• Offer employees a full spectrum of benefits coverage, including health, retirement, insurance, and flex options.
• Define benefit eligibility rules for specific benefit options.
• Manage benefit elections through open enrollment and benefit change events.
• Analyze benefit plans, costs, and enrollment.

Cloud Connect for Benefits

Workday also offers Cloud Connect for Benefits, which provides a catalog of pre-built integrations that connect to benefits providers, giving Human Resource organizations the ability to evaluate, select, and offer the most appropriate plans for your workforce. With Cloud Connect for Benefits, you can:

• Simplify the integration process to popular benefits providers.
• Select from a wide catalog of providers across all benefit types.
• Rely on Workday to maintain working connections to included providers.
• Redeploy IT to focus on more strategic activities rather than benefits integrations.

Global Talent Management

Workday Global Talent Management delivers the tools you need to anticipate and respond to the developmental needs of your organization, provide decision-makers with timely and accurate workforce information, align work with strategic business goals, and optimize deployment of talent.

Goal Management: Align, Engage, Focus

Goal Management helps you define meaningful goals that align work with business objectives. It also helps engage the workforce by providing insight into how performance and rewards are linked. With Workday Goal Management, you can:

• Establish goals for teams and individuals.
• Cascade company goals to maximize alignment with business objectives.
• Create a clear line of sight between business objectives and team or individual performance.
• Assess and track goal completion and performance for a holistic picture of worker performance.

Performance Management: Evaluate, Develop, Optimize

Performance Management offers accurate, realtime insight into the performance, skills, and development needs of your workforce. With Workday Performance Management, you can:

• Configure the performance process by role or talent pool.
• Identify and develop top talent across teams, organizations, and borders.
• Include multiple reviewers in the review process.
• Assess and take action on development needs.
• Solicit or give feedback—any time.

Succession Planning: Prepare Your Future Leaders

Succession Planning helps you develop and maintain succession pipelines for critical positions, engage and develop high potentials, avoid critical leadership gaps, and prepare the organization for future. With Workday Succession Planning, you can:

• Identify the best candidates for future leadership roles based on potential, performance, and talent profile.
• Monitor successor readiness, flight risk, and the overall health of the succession pipeline.
• Prepare and develop succession candidates for their future roles.
• Build a strong leadership pipeline.

Career and Development Planning: Plan, Assess, Grow

Career and Development Planning equips your employees with engaging tools to grow their careers. With Workday Career and Development Planning, you can:

• Contribute to your Talent Profile by indicating key competencies, past experience, completed training, and more.
• Collaboratively create competency-based development plans with your manager to help you reach your career goals.
• Ensure that high-potential employees, including those on succession plans, are progressing through their development plan.
• Create Performance Improvement Plans (PIPs) or initiate corrective actions for employees who have performance gaps and need to improve.
• Request feedback on your development, or your employee’s development, at any time from anyone in the organization.

Workday Cloud Connect for HCM

Cloud Connect for HCM provides packaged integrations to partners who provide aligned services that work with Workday Human Capital Management. With Cloud Connect for HCM, you can provide all ofthe supplementary services your organization needs to recruit talent and synchronize other directory systems. Partners and integrations continue to be added regularly. Please check with your salesperson to find out the latest list of partners.