What is Workday HCM and its features

Shivali Sharma | Updated on 22 Nov, 2023 | Cloud Computing Training and Certification Courses | 2846

Workday HCM provides a comprehensive perspective of your organization's data, improving business performance and decision-making, while also increasing flexibility, efficiency, and cost-effectiveness. Workday HCM can help businesses enhance their overall success and promote individual growth among employees by offering robust integrations with key systems and easy-to-use features. Therefore, Multisoft Virtual Academy presents with Workday HCM Online Course for everyone. So, enroll now!

What is Workday Human Capital Management?

Workday Human Capital Management provides a comprehensive suite of functionalities aimed at supporting HR professionals in managing various HR tasks, including recruitment, onboarding, performance management, and workforce planning. Additionally, the system is equipped to effectively manage payroll compliance and administer employee benefits.

Workday HCM online course extends its offerings beyond basic analytics, incorporating mobile self-service for employees, predictive analytics, and role-specific access, along with adaptable features like advanced analytics.

By integrating organizational data into Workday HCM solutions, teams are equipped with essential tools for faster, more insightful decision-making. This consolidation enhances talent management, boosts employee engagement, and nurtures leadership development within the organization. This capability extends monitoring talent development while building leaders from within an organization.

Workday HCM stands out in various areas including recruitment, onboarding, talent management, performance management, compensation management, and organizational management, along with analytics. It empowers employees to handle tasks like job transfers, requesting paid time off, or updating their profiles. This self-service capability leads to modern, efficient, and employee-centric HR departments. This not only enhances business decision-making but also can lead to cost savings for employers.

Workday HCM Utilization

Workday HCM (Human Capital Management) is utilized for managing various aspects of workforce management. It includes functionalities for recruitment, employee onboarding, management, and development, while also monitoring workforce productivity. Moreover, it offers employees the convenience of self-service features, allowing them to view their performance reviews, request time off, and access employee benefits online.

The essential elements of Workday HCM Training basics encompass the following:

Data Protection and Security
Enhanced Data Analytics
Talent Acquisition and Recruitment
Management of Time and Attendance
Fundamental Human Resources and Payroll Services
Employee Compensation Management
Workflow and Business Process Administration

How does it work?

Workday HCM streamlines complex procedures like benefits enrollment, new hire orientation, and updates tracking by automating these tasks with its suite of applications designed for businesses of different sizes. This encompasses recruitment, employee integration, training, performance monitoring, payroll management, timekeeping, attendance, and real-time reporting of employee data. Additionally, it offers mobile access, enabling employees to use the system anytime, anywhere.

Workday HCM online training by Multisoft Virtual Academy offers comprehensive support in recruiting, integrating, managing, developing, and monitoring staff performance. It also includes online performance evaluations, requests for time off, and bonus management. Workday HCM stands out as an essential tool due to its efficiency and multiple benefits compared to other HCM solutions.

Benefits

Streamlined Operations: Workday HCM streamlines various HR functions like payroll, recruitment, benefits management, and employee administration, making them more efficient.
Enhanced Automation: The system automates numerous tasks including payroll, benefits enrollment, and performance evaluations, minimizing the need for manual, time-intensive activities.
Instant Access to Employee Insights: The availability of real-time information on staff performance, job needs, and talent development allows for quicker and more effective decision-making.
Optimized Work Environment: Workday HCM tailors the workplace experience for each employee, focusing on communication, feedback, and growth, leading to cost savings for businesses.
Greater Employee Involvement: The user-friendly interface of Workday HCM encourages staff interaction, boosting their engagement with the system's features.
Efficient HR Management: The automation of tasks such as time tracking, performance assessments, and onboarding lets HR teams concentrate on strategic initiatives, reducing the need for paperwork and manual tasks.
Secure Data Management: Workday HCM ensures the safety of employee data with secure online storage, safeguarding it against external threats and maintaining confidentiality.
Cost-Efficient Solution: With its subscription-based pricing model that eliminates initial investments and hidden fees, Workday HCM is an affordable option for all types of businesses.

What is Workday HCM Software?

Workday HCM is a comprehensive, cloud-based human capital management solution designed for enterprises. It streamlines various HR functions, including personnel data management, time tracking, payroll processing, and managing performance evaluations and succession planning. This software also provides analytical tools to enhance productivity and support informed decision-making. With its mobile application, users can easily access employee information anytime, anywhere.

Workday HCM certification course simplifies key HR processes such as recruitment, onboarding, and performance management. It also automates payroll and benefits administration, helping organizations optimize their operations. Additionally, the platform offers capabilities for planning, forecasting, and managing access to employee data, making it a versatile tool for modern HR management.

Features

Employee Records Management: Workday HCM offers a robust solution for managing all employee-related data. It allows you to efficiently maintain and access records encompassing employment roles, qualifications, payroll, and benefits in a unified, easily accessible platform, available from any location.
Recruitment Process: Workday HCM streamlines the hiring process through its automated system. It covers every stage from job posting and application receipt to candidate evaluation and job offers. It also includes digital onboarding tools and reminders to ensure new employees are well-informed from their first day.
Performance Management: The performance management module in Workday HCM simplifies setting and tracking team objectives and personal development. It features role-specific evaluations and employee recognition initiatives, fostering high performance across the organization.
Payroll and Benefits Administration: Workday HCM eases the management of organizational benefits and compensation. It handles various aspects like leave tracking, bonus distribution, and payroll scheduling, along with automated solutions for payroll, tax filings, and compliance with governmental regulations.
Professional Development: Workday HCM provides a comprehensive array of learning and development opportunities. This includes customizable courses, e-learning platforms, and tracking systems for employee advancement, adaptable to the specific needs of different organizations.

Conclusion

The Workday HCM Online Training & Certification Course by Multisoft Virtual Academy is a comprehensive program that equips participants with in-depth knowledge and practical skills in managing various HR functions using Workday HCM. This course, ideal for corporate training, merges theoretical learning with hands-on practice, preparing professionals to effectively handle employee data, recruitment, performance management, payroll, and benefits, as well as employee development within their organizations.

It's an essential investment for those seeking to enhance their expertise in modern HR management tools. Enroll now!

Training Schedule

Start Date	End Date	No. of Hrs	Time (IST)	Day
22 Dec 2024	20 Jan 2025	40	06:00 PM - 10:00 AM	Sat, Sun	Enroll Now
28 Dec 2024	26 Jan 2025	40	06:00 PM - 10:00 AM	Sat, Sun	Enroll Now
29 Dec 2024	27 Jan 2025	40	06:00 PM - 10:00 AM	Sat, Sun	Enroll Now
Schedule does not suit you, Schedule Now! \| Want to take one-on-one training, Enquiry Now!

About the Author

Shivali Sharma

Shivali is a Senior Content Creator at Multisoft Virtual Academy, where she writes about various technologies, such as ERP, Cyber Security, Splunk, Tensorflow, Selenium, and CEH. With her extensive knowledge and experience in different fields, she is able to provide valuable insights and information to her readers. Shivali is passionate about researching technology and startups, and she is always eager to learn and share her findings with others. You can connect with Shivali through LinkedIn and Twitter to stay updated with her latest articles and to engage in professional discussions.

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Start Date	No. of Hrs	Time (IST)	Day	Price
22 Dec 2024	40	06:00 PM - 10:00 AM	Sat, Sun	$ 550
28 Dec 2024	40	06:00 PM - 10:00 AM	Sat, Sun	$ 550
29 Dec 2024	40	06:00 PM - 10:00 AM	Sat, Sun	$ 550

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22 Dec 2024

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06:00 PM - 10:00 AM

Sat, Sun

$ 550

29 Dec 2024

06:00 PM - 10:00 AM

Sat, Sun

$ 550

What is Workday HCM and its features

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