Workday Core Human Capital Management (HCM) is a cloud-based human resource management software solution that helps organizations manage their workforce effectively. It encompasses a wide range of HR functions and processes to streamline and automate various aspects of human capital management. Here's an overview of some key features and functionalities of Workday Core HCM
Workday Core HCM provides a unified platform that integrates various HR functions, such as talent management, workforce planning, compensation, benefits, and payroll. This integration ensures that data is consistent across all modules.
Centralized storage of employee data, including personal information, job history, skills, and performance records. This helps in maintaining accurate and up-to-date employee profiles.
Manages the entire talent acquisition process, from job requisition to candidate selection. It includes tools for posting job openings, managing applicants, and tracking the recruitment workflow. Workday also supports performance management and succession planning.
Allows organizations to define and manage employee benefit programs, including health insurance, retirement plans, and other perks. Employees can access and make benefit selections through the self-service portal.
Tracks employee working hours, attendance, and time-off requests. This information is crucial for payroll processing and workforce management.
Handles end-to-end payroll processing, including tax calculations, deductions, and direct deposits. It ensures compliance with local tax regulations and provides accurate and timely payroll disbursements.
Supports employee training and development initiatives. It includes tools for creating and managing training programs, tracking employee progress, and assessing skill development
Provides robust analytics and reporting capabilities, allowing organizations to gain insights into workforce trends, performance metrics, and other HR-related data. Customizable dashboards and reports help in making informed business decisions.
Workday Core HCM is accessible through mobile devices, enabling employees and managers to access HR information, complete tasks, and approve requests on the go.
Ensures data security and compliance with privacy regulations. Workday employs advanced security measures to protect sensitive HR data and provides tools for organizations to stay compliant with relevant laws and regulations.
Workday is known for its user-friendly interface, regular updates, and scalability, making it suitable for both small businesses and large enterprises. The cloud-based
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