workday human capital management datasheet

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Workday Human Capital Management Workday Human Capital Management (HCM) is a confgurable Sotware- as-a-Service (SaaS) solution designed to he lp you organize, sta, pay, and develop your global workorce. Workday oers a uni fed Human Resources and Talent Management Solution that can give you unprecedented insight into the capabilities, capacity, cost, and quality o your workorce. Global Human Resource Management Workday HCM provides the core system-o-record you need to manage the ull onboard-to-retire process or 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. Workorce Liecycle Management: Manage Your Entire Global Workorce Workorce Liecycle Management handles the worker liecycle rom hire to termination, providing a centralized and cohesive solution to managing your global workorce. With Workday, you can: Set headcount and stafng budgets or organizatio ns and track hiring to budgets. Defne the appropriate stafng model (position, headcount, or job management) or the entire company or individual business units. Establish security and business processes by region, division, or organization. Manage the movement o individuals or groups within an organization. Report on and drill into global positions, headcount, turnover , and other workorce 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. Key Features and Benefts LeverageaunifedGlobalHuman  Resources and Talent Management solution in a single system Managetheullhire-to-retireliecycle or employees Accountorandorganizeeveryworker around the world Reectyourorganizationalstructures accurately and reorganize easily Compensateyourworkersconsistently and airly Providesel-servicetoolsthatutilizea modern and simple user interace Manageemployeebeneftsenrollment and beneft change events Aligntheworkorcetoyour organization’s goals Assessandoptimizeyourworkorce capabilities and allocation Createanddevelopleadershippipelines Enableemployeestoproactivelyinorm their own career path

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Page 1: Workday Human Capital Management Datasheet

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• View up-to-date graphical organizational charts or

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 air and consistent

compensation practices, and reward perormance

airly and consistently. With Workday Compensation

Management, you can:

• Defne and manage global compensation plans,

including base pay, variable pay, equity, and

allowances.

• Roll out multi-plan, multi-target, and multi-

currency compensation processes to global teams.

• Set compensation budgets based on bottom-up

targets, perormance goals, or top-down unding.

• Motivate and reward individual, team, and business

perormance.

• Drill into perormance-based pay results to ensure

top perormers are appropriately compensated.

Absence Management: Manage Time O

Workday Absence Management enables you to create and

manage both accrued time-o and leave-o-absence plans

that ft with the organization goals and compensation

philosophies. With Workday Absence Management, you can:

• Establish eligibility criteria or dierent groups

and organizations or dierent time-o or leave

benefts.

• Confgure business processes and rules or

approving and routing time-o requests.

• Provideanintuitiveuserexperienceoremployees

to request time o or check time-o balances.

• Maintain consistency o accrual calculations between

WorkdayAbsenceandWorkdayPayrollManagement.

Employee Benefts Administration: Benefts That Fit

Your Unique Organization

Workday Employee Benefts gives you the tools to defne

manage, and adjust benefts plans to meet your unique

business requirements. With Workday Employee Benefts,

you can:

• Oer employees a ull spectrum o benefts

coverage, including health, retirement, insurance,

andexoptions.

• Defne beneft eligibility rules or specifc beneft

options.

• Manage beneft elections through open enrollment

and beneft change events.

• Analyze beneft plans, costs, and enrollment.

• Leverage the Workday Benefts Network, which

oers pre-built integrations to popular beneftproviders.

Workday also oers the Workday Benefts Network,

which provides a catalog o pre-built integrations that

connect to benefts providers, giving Human Resource

organizations the ability to evaluate, select, and oer the

most appropriate plans or your workorce. With Workday

Benefts Network, you can:

• Simpliy the integration process to popular benefts

providers.

• Select rom a wide catalog o providers across all

beneft types.

• Rely on Workday to maintain working connections

to included providers.

• Redeploy IT to ocus on more strategic activities

rather than benefts integrations.

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Global Talent Management

Workday Talent Management delivers the tools you need

to anticipate and respond to the developmental needs o

your organization, provide decision-makers with timely and

accurate workorce inormation, align work with strategic

business goals, and optimize deployment o talent.

Goal Management: Align, Engage, Focus

WorkdayGoalManagementhelpsyoudefnemeaningul

goals that align work with business objectives. It also

helps engage the workorce by providing insight into how

perormanceandrewardsarelinked.WithWorkdayGoal

Management, you can:

• Establish goals or teams and individuals.

• Cascade company goals to maximize alignment

with business objectives.

• Create a clear line o sight between business

objectives and team or individual perormance.

• Assess and track goal completion and perormance

or a holistic picture o worker perormance.

Perormance Management: Evaluate, Develop, Optimize

WorkdayPerormanceManagementoersaccurate,real-

time insight into the perormance, skills, and developmen

needsoyourworkorce.WithWorkdayPerormance

Management, you can:

• Confgure the perormance process by role or

talent pool.

• Identiy 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 eedback—any time.

Succession Planning: Prepare Your Future Leaders

WorkdaySuccessionPlanninghelpsyoudevelopand

maintain succession pipelines or critical positions,

engage and develop high potentials, avoid critical

leadership gaps, and prepare the organization or uture.

WithWorkdaySuccessionPlanning,youcan: 

• Identiy the best candidates or uture leadership roles

based on potential, perormance, and talent profle.

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Workday,Inc.|6230StoneridgeMallRoad|Pleasanton,CA94588|UnitedStates

1.925.951.9000|1.877.WORKDAY(1.877.967.5329)|Fax:1.925.951.9001|www.workday.com

© 2011. Workday, Inc. All rights reserved. Workday and the Workday logo are registered trademarks o Workday, Inc. All other brand and product names are trademark

or registered trademarks o their respective holders.

• Monitorsuccessorreadiness,ightrisk,andthe

overall health o the succession pipeline.

• Prepareanddevelopsuccessioncandidatesor

their uture roles.

• Build a strong leadership pipeline.

Career and Development Planning: Plan, Assess, Grow

WorkdayCareerandDevelopmentPlanningequipsyour

employees with engaging tools to grow their careers. With

WorkdayCareerandDevelopmentPlanning,youcan: 

• ContributetoyourTalentProflebyindicatingkey

competencies, past experience, completed training,

and more.

• Collaboratively create competency-baseddevelopment 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.

• CreatePerormanceImprovementPlans(PIPs)or

initiate corrective actions or employees who have

perormance gaps and need to improve.

• Request eedback on your development, or your

employee’s development, at any time rom anyonein the organization.

Workday HCM Network

The Workday HCM Network provides packaged

integration to partners who provide aligned services

that work with Workday Human Capital Management.

With Workday HCM Network, you can provide all o

the supplementary services your organization needs to

recruit talent and synchronize other directory systems.

Partnersandintegrationscontinuetobeaddedregularly.

Pleasecheckwithyoursalespersontofndoutthelatest

list o partners.