Workday Modules : 7 modules - Technical & Functional

Workday offers a wide range of products in order to meet the ever-evolving modern requirements of businesses. Following are the key offerings of Workday:

  • Workday Human capital management (HCM)
  • Workday Financial Management
  • Workday Studio
  • Workday Enterprise Planning
  • Workday Analytics

Workday Human Capital Management (HCM) Suite:

Workday HCM delivers its services from the cloud. It presents the organizations with all the required information to make quick and meaningful business decisions. Workday HCM is a widely deployed global enterprise application that acts as a single stop solution for human resources, recruitment, talent management, benefits, attendance, and payroll.

Following are the key offerings of Workday HCM:

  • Human Resource Management
  • Recruiting
  • Talent Management
  • Learning
  • Benefits
  • Payroll solutions
  • Time & Absence

Let’s discuss all the key product areas of HCM:


1) Workday Human Resource Management:

Workday HCM is a Human Capital Management software application that offers you intuitive, self-service capabilities to manage, staff and pay your global workforce. It allows you to align with global as well as local policies for managing the workforce.


Workday HCM offers flexibility and easily aligns with changing business requirements. It also helps you in managing compensation across different teams, and geographies.


2) Workday Recruiting:

Workday Recruiting helps organizations in finding and acquiring the right talent across the globe. It offers the hiring teams greater visibility into the talent acquisition process.


It provides a positive environment where teams can collaborate and accelerate the hiring process.


3) Workday Talent Management:

Effective management of human resources is very critical for the success of the business. Workday Talent management offers you a wide range of tools to manage, reward, and motivate people. Workday Goal management helps employees to clearly see and understand business goals and motivates them in contributing their part towards the success of organizations.


It also offers many other features like Performance Management to gain real-time insights into employee performance, Success Planning for identifying and organizing the best talent across the organization, and career development tools to provide rights insights for the employees to grow in their career.


4) Workday Learning:

Workday Learning is a new approach for the overall development of an employee by delivering on-demand, relevant and personalized resources to the candidates. Workday learning provides a centralized intuitive application for peer learning, professional development and essential training. It streamlines the learning process and engages them with learning curves.


5) Workday Payroll:

Workday Payroll has been designed in a way to address enterprise payroll needs. This flexible application provides the organizations with complete control over the payroll process, data and costs. It acts as a powerful calculation engine and supports more pay runs and pay groups.


Workday payroll offers high-security features which allow outside partners to run and view payroll results. This also allows the users to conduct analysis on payroll data and allows unlimited reports generation on data.


Interested to begin your career in Workday? Enrol now for the Workday Training Course. Click to check out the course curriculum.


6) Workday Benefits Administration:

Workday Benefits Administration solutions offer organizations with high flexibility to define, manage, and adjust benefits plans based on the unique needs of businesses. The Workday Benefit administration lets you easily manage health, spending accounts, insurance, health savings accounts, flex plans, retirement plans, and more from a centralized system.


7) Time & Absence:

Workday Time tracking works in collaboration with Workday HCM, Project Management, and Payroll to provide a clear view of employee time & absence tracking. It streamlines the process for employees to check-in and out or enter time using a web browser or mobile device.


Workday Time & Absence Management solution allows employees and managers to easily track time off, leave requests, accruals and balances all from a centralized and user-friendly location. Its simplified working style allows organizations in minimizing expenses and maximizing worker productivity.

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