Lesson 01: Introduction to Workday
Workday is a cloud-based enterprise resource planning (ERP) software primarily designed for human capital management (HCM). It offers a suite of tools to streamline various HR functions, including:
- Core HR: Managing employee information, payroll, benefits, time and attendance.
- Talent Management: Recruiting, onboarding, performance management, learning and development.
- Payroll: Processing payroll, managing taxes, and handling compliance.
- Benefits: Administering benefits plans, including health insurance, retirement plans, and time off.
- Time Tracking: Tracking employee hours, managing overtime, and calculating time off.
Key Benefits of Workday:
- Cloud-Based: No need for on-premise hardware or software, reducing IT costs and complexity.
- Scalability: Easily adapts to changing business needs and growth.
- Integration: Seamlessly integrates with other business systems, such as financial and accounting software.
- Mobile Access: Employees can access HR information and perform tasks from their mobile devices.
- Analytics: Provides insights into HR data to support informed decision-making.
Workday is a popular choice for organizations of all sizes due to its user-friendly interface, flexibility, and focus on improving HR efficiency and productivity.