If you’re not familiar with it, Workday is a cloud-based software provider that specializes in creating applications for enterprise resource planning, financial management, and human capital management.
This article explores some of the ways in which workday in HR and finance can be leveraged to improve the workflow of these sectors.
What are the uses of Workday?
This software offers a holistic solution for medium to large-scale businesses, especially those that operate in several locations. It helps them manage employee payroll and keep track of benefits, HR, and employee data.
As of last year, Workday has been used by over 9,500 customers, and according to Forbes, many of those are part of Fortune 500 companies.
In what ways can Workday help?
Essentially, this software helps large companies better organize their staff, data, and operation processes with the use of real-time reporting, integrated workforce schedules analytics, and a centralized HR database.
It can also be used by individuals to keep track of their own time or by larger businesses to manage team members remotely.
What are the key benefits of a workday?
As mentioned earlier, Workday offers many features that help keep track of employee information, training, benefits, and performance. These can help in areas such as :
Tracking Time
The software simplifies keeping track of hours by enabling your phone., tablet, or desktop, tablet to monitor your clock in and clock out. It can also integrate physical time clocks through the use of API.
Recruiting
One major benefit for HR is how Workday makes finding new employees easier. Recruiters get access to a unified platform where they can manage the entire hiring workflow, starting from sourcing candidates to sifting through applications and interviews.
Analytics and Reporting
Several tools are available in what is known as the analytics and reportage component, where you can keep track of employee performance, benefits, etc., which enables wiser decisions.
Employee Self-Service
Workday also enables self-service. Through the employee portal, new hires can quickly learn the ropes of the work and get along with crucial company onboarding details.
This can be done through the Workday mobile app, where employees can manually record their schedules and workflows, register check-in and check-out times from anywhere in the world, as well as keep track of their working hours as well as overtime shifts that need additional remuneration.
Wrapping Up
So, with that, we come to an end on how Workday can be a useful tool when it comes to improving the working experience of employees in the HR and finance sectors. This can be a first tool for handling several financial and communication operations such as hiring, payouts, etc. It also helps keep things organized, thereby improving productivity.
James Oliver is a professional blogger and a seasoned Content writer for technologyspell.com. With a passion for simplifying technology and digital topics, he provides valuable insights to a diverse online audience. With four years of experience, James has polished his skills as a professional blogger.
