The Need for Workday HCMCategory: Workday HCM Posted:Aug 17, 2016 By: Alvera Anto
Human Capital Management(HCM) is an approach to employee staffing and management that regards people as assets or “human capital”
and whose current value can be measured and whose future value can be enhanced through calculated investment. An establishment that supports HCM provides its personnel with performance expectations that are clear, concise, and consistent. This being said you will have to choose the right HCM software to make the most effective use of company resources.
HCM is the prime focus of Workday which is a leading provider of enterprise cloud applications for human resources and finance. It was founded in 2005 by PeopleSoft veterans Dave Duffield and Aneel Bhusri, and delivers human capital management, financial management, and analytics applications designed for global organizations.
The integration of payroll software, time-sheet software, productivity analytics software is Human Capital Management (HCM) Software. HCM software plays a key role in planning future staffing needs by sharing information with existing enterprise software in the company. HCM software is either sold as a feature in a bigger enterprise solution or will be available as a stand-alone product.
Many organizations have already employed Workday HCM and have gained enhanced operational visibility, a marked increase in efficiency, and accuracy, and have proven to add to cost effectiveness of company processes.
Amongst the plethora of HCM software available, Workday HCM Suite is the only application in the market that integrates HR and Talent Management into a single system-of-record. This will enable you to make quick decisions to push sales, minimize costs, and improve overall productivity.
What Workday Offers
Workday has in-memory data management and also speedy and efficient delivery of embedded business intelligence. This will help unlock an organization’s potential by forming the basis of actionable analytics and reporting which will give unmatched insight.
This suite packs innovative technology that enables one to easily configure, adapt, and automate applications to meet the company’s growing needs. It offers exceptional flexibility with no additional costs for the same.
Workday HCM suite is powered by intuitive applications that run on User-friendly UI which is simple and easy to grasp.
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