Job Outlook for Workday HCM ConsultantCategory: Workday HCM Posted:Mar 26, 2019 By: Robert
Human capital is the most valuable asset of any organization. For the growth of a business, it requires having a team of talented, skillful, qualified, and trained people. Keeping this in mind, most of the companies have started to devote more resources to recruiting, training, and maintaining teams of brilliant experts. Thus, to carry out all these activities, organizations need software that helps them to simplify and ease their HR operations. Currently, there is several Human Capital Management software available in the market, but Workday HCM is one of the prominent HCM suites utilized in almost all industries. Due to its numerous features, it has become the leading choice of organizations. It is a cloud-based solution that has provided a single solution for all HR-related activities such as financial management, human capital management, performance management, etc. As Workday HCM is used in almost all organizations, it has opened the door for numerous job seekers and provided them with a lot of career opportunities. The job market for Workday is growing drastically and the increase in the percentage of customers shows the demand for Workday HCM; therefore most of the individuals want to make their career in Workday HCM.
Thus, the candidates who wish to start their career as a Workday HCM professional need to know the career opportunities, roles, and responsibilities, salary structure, job titles, etc. in Workday. This article presents a comprehensive job outlook for Workday HCM consultants. Let’s begin with the skills needed to be a Workday HCM consultant.
The skills required to become a Workday HCM consultant: To make a career in Workday HCM, a candidate is expected to know about human resource management, payroll, HR policies, and all activities related to Human capital management. He/she must have an MBA degree in finance or HR specialization. To begin a career in Workday HCM, one should attend the Workday HCM training and get certified in Workday HCM.
Getting certified in Workday HCM supports the aspirants looking for a career in this field, but it will also enable the professionals to enhance their career track in finance and human resource management. Workday HCM is a very demanding cloud-based Human Resource management and finance software. It has various attractive features that are easy to learn and implement. Therefore, the experts who are looking for a career in the HR and finance field can get trained and certified in Workday HCM.
Different Job titles in Workday HCM: At present, Workday HCM is implemented in most countries; hence there are a lot of job opportunities available in Workday HCM. Incredible growth is observed in Workday, and it is expected to continue in the long run. Workday professionals are getting a high scope of compensation as a contrast with various technologies. Well, there are different job titles available for the Workday HCM professionals, a few of them are listed below:
- Workday Consultant
- Workday Architect
- Workday Manager
- Workday Analyst
- Workday Project Manager
- Workday Functional Consultant
Well, there is no such prerequisite to take the Workday HCM course; however, it would be an added advantage if a person is experienced in recruitment and HR. Following are the job roles that will get benefits from Workday HCM certification training:
- IT professionals
- Project managers
- System administrators
- All the executives
- Managers and Employees
Roles and responsibilities of Workday HCM consultant:
- A workday HCM consultant is responsible for planning; budgeting, and forecasting tool.
- According to customers, he should also help in combining HR and finance analytics and planning.
- A workday consultant has to work intently with the client to understand requirements and design, develop, configure and test the solution, with the support of the lead functional consultant.
- He/she should have a hands-on subject matter expert in the Workday HCM suite, should be able to specialize and extending their skill set within one or more functional areas.
- Develop strong and trusting relationships with other members of the project team and management as well as external clients.
Salary Range for Workday HCM professionals: As per Workday’s Q3 2017 Financial report, total revenue was increased by 34.2%, and subscription revenue was increased by 38.3%. Since HCM is the primary income driver at this point, the demand for Workday HCM is still very high, and it is expected to grow continuously in the future. As workday has become demanding software, there are plenty of career opportunities with an excellent salary package. A participant can land a position with a decent scope of pay in Workday HCM. According to indeed, the average salary for a Workday HCM Consultant is $112,703 per year in the United States, and in India, the average salary for a Workday HCM Consultant is Rs. 8, 52,934 per year. The average salary for other job roles in Workday such as Associate application developer and technical consultant is approximately $85,235 per year and $93,046 per year. These salaries may vary depending upon the location.
Workday HCM these days is used in a large portion of multinational organizations and had several job opportunities. The Below image shows that the jobs in Workday HCM are regularly increasing.
Benefits of Workday HCM: To carry out the human resources and finance-related operations effectively and quickly in most organizations are utilizing Workday HCM software. Human resource technology is a big field for most companies. Subsequently, it would always be beneficial to learn and practice workday HCM to perform various HR and finance-related functionalities. With Workday, it is possible to enhance HR and payroll compliance, as it reduces risk, and delivers better data to make the decisions and improve the efficiencies throughout the organizations. It enables people to work more effectively by having a reliable, efficient, and modern practice. With Workday, it is possible to control the out-of-the-box integrations for various third parties using cloud technology. Not just this, there are several other benefits of learning Workday HCM. Some of the benefits are listed below:
- Workday HCM provides one flexible database; it gives greater flexibility to set up a business procedure.
- It is easy to integrate Workday HCM with other systems, as compared to other HR software.
- Workday HCM uses SaaS, i.e., Software as a Service as all customers use the same version, the software updates can be delivered over the mobile phone.
- The managers, executives, administrators can access the existing information regarding their team members.
- It allows 24/7 access to information over a secure network.
- With Workday HCM, it is easy to obtain information related to routine personnel items, for example earning statements and leave balances.
- Workday HCM streamlines and arranges the entry of academic staff to confirm the correct track.
- The Workday team continuously introduces new HR and payroll features frequently, at least twice a year.
- With the help of the Workday community, all the customers can get ideas for performing the work regularly.
Why choose a career in Workday HCM: As per marketing trends on Workday HCM, it is expected that the most popular sections of Workday HCM are Workday HCM core and Payroll. Workday is looking for valuable growth in industrial areas to help the client’s business requirements efficiently. It is anticipated that the Workday Services business will grow at an average of 48% nearly in the upcoming years.
Workday HCM is utilized in various industries nowadays; the major industries are financial services, technology, retail, manufacturing that deployed Workday currently. Most businesses are considering Workday solutions to arrange their finance and HR functions. The demand for Workday is steadily increasing outside North America, Europe, and the Asia-Pacific region.
Future Scope of Workday HCM consultant: Well, continuous growth has been observed in Workday HCM, and consequently the Workday consultants will have a never-ending future. It will always keep growing. Workday HCM is a cloud-based HCM tool that combines maximum features of finance and HR. Presently most organizations are shifted towards cloud technology, but Workday HCM is different than other cloud technologies in terms of releases, prioritizing customer needs, and user-friendly interface. Workday will always come up with its new and upgraded versions. Using Workday HCM, the users can efficiently manage and customize their data access from any linked workforce source. Due to all these reasons, it is expected that Workday HCM will continue to increase, and thus, there will be a great future scope for Workday HCM consultants.
Conclusion: Workday HCM is one of the prominent cloud-based Human Resource Management and finances software. Due to its various features and benefits, it has become the choice of numerous organizations and offering a lot of job opportunities. The candidates seeking a career in HR and finance can make a promising career in Workday HCM and expect a good range of compensation. A marvelous growth is observed in Workday HCM, and it is expected to proceed in the long run.
These are the related articles that you can check
- How to Start Your Career with Workday HCM
- Comparison between Workday HCM and PeopleSoft HCM
- Why is Workday HCM the Top HCM Software?
- Why Workday is a Major Threat to SAP
- Why can Workday continue its enormous growth?
That’s all for today. If you’re interested to read more articles on this topic, feel free to visit ZaranTech Blog.