HCM and Human Capital Management Software
Workday Human Capital Management (HCM) provides you the tools necessary to plan, recruit, and develop talent within a single unified system. Workday HCM lets all your employees access the solution from any device they choose; whether desktop or a mobile device, letting employees reply to changes whenever they are free.
I have 19 years of experience in the industry and work with a lot of implementations of Workday. I’m very involved in application integrations and a lot of the work I do is with Workday integrations.
Workday was established on a innovative idea to allocate people at the center of enterprise software. Workday HCM was introduced to unite a wide range of HR functionality into a single system. Human Capital Management (HCM) advance towards employees as assets, whose current and future value can be measured and enhanced through investment.
Workday HCM gives you a complete understanding of your workforce. It helps you understand entire people cost include contingent labor. You empower workers and business leaders through self-service. You can easily configure the system of your specific business needs. And you can take action at the point of decision.
It’s an out of box software and you get a lot of functionality. You might not use it all, but you can configure it the way you do business. Your business style may be different and you may hire people differently than other business. Every administrator can configure these minor details.
I think it’s important to note that while Workday has one of the most compelling cloud architectures in the HR industry, they aren’t the only ones. What they have done however is gotten in front of their competitors to scale this deployment model and puts them a step ahead of Oracle and SAP.
A big thing Workday has accomplished is finally addressing the major failure areas of legacy systems.
I’ve spent a career dealing with various incarnations of software as a service, it bugs me when companies tout innovation with no customer value. Workday does have a fast update cycle but I wouldn’t call everything they put out as innovation. This isn’t for all industries and a lot of their updates are for maintenance purposes which I see as a downside.