I want to know about Workday HCM Reporting and Project Modules
Work Day HCM is a cloud-based software that has many human resource functionalities into a single function. Workday HCM software is comprehensive and helps organizations to administer US and Canadian payrolls. Workday Human Capital software uses big data technology for research and reporting of Human resource practices. HCM software package helps to design and implement many compensation packages in the same organization.
The Workday HCM module comes with a learning module with a subscription fee. The learning module creates personalized learning plans for all employees. The best part of Workday HCM software is that it can be customized. For example, the educational institutions can customize the software for recording student data like admissions, curriculum management, student attendance and performance, the fee paid details, financial aid provided, etc. If the institution has many branches, the student’s data can be tracked as the entire data is stored in the cloud.
Another unique feature of the Workday HCM is that it integrates Workday financial management with the HCM. This fusion helps the HR department to understand the revenue and expenditure from the HR function point of view. This fusion also helps HR professionals to take strategic decisions regarding recruitment and selection.
The Workday HCM Reporting and project modules consist of:
Human Resource Management: Workday HCM module covers all aspects of organization management, compensation management, absence management, employee self-service management, and manager self-service management
Benefits plan management: Workday Management Plan module covers all aspects of benefits plans, eligibility, all the events thereof, evidence of insurability, which meets the organizational requirements
Talent management: Workday Talent Management module covers all aspects of onboarding new hires, selection and recruitment, setting goals and goal management, succession planning and career development and planning.
Recruitment management: Workday Recruitment module covers all the aspects of bridging the gap between talent demand and supply.
Payroll management: Workday Payroll Management module covers all aspects of the USA and Canada payrolling management, audit and taxation, automatic tax updates, etc.
Time tracking management: Workday Time Tracking module covers all aspects of global time entry and calculations, time approvals, reporting, and analytics.
Project and work management: Workday Project and Work Management module covers all aspects of linking strategy, people, work and the results.
Big data analytics: Workday Big Data Analytics module addresses all the pre-built analytical templates which help to record the critical finance and HR issues.
To get certified as a Workday HCM professional, one has to be an employee of Workday or a partner of Workday.
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