Last updated June 5th 2024
Workday HCM logo

What is Workday HCM In 2025? Insights & Overview

A cloud-based HCM and financial management platform offering a range of applications for businesses.

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What is Workday HCM?

A cloud-based HCM and financial management platform offering a range of applications for businesses.

Workday HCM is renowned for its user-centric design and strong mobile capabilities, creating an intuitive and flexible user experience. These qualities make it a popular choice for businesses seeking to improve their workforce management. However, when it comes to third-party integrations, Workday HCM might not offer the desired flexibility. For businesses relying heavily on various third-party tools, this could potentially limit their options and complicate their processes.

Want to know whether Workday HCM is the right fit for your use case? Get a detailed analysis of your requirements and a vendor comparison in 2-3 minutes.

Possible Human Capital Management (HCM) Use Cases for Workday HCM

Performance Management

Facilitate regular performance reviews, goal setting, and feedback, allowing managers to identify employee strengths and areas for improvement. This can help employees reach their full potential and align their performance with organizational objectives.

Compensation and Benefits

Automate compensation and benefits administration, enabling companies to design competitive and equitable compensation packages. This includes salary, bonuses, and benefits, ensuring that employees are fairly compensated and helping to attract and retain top talent.

Time and Attendance Management

Track employee time and attendance, enabling organizations to monitor work hours, absences, and leave requests. This can help companies ensure compliance with labor laws and manage employee schedules more effectively.

Employee Onboarding and Training

Streamline the onboarding process and training, ensuring that employees are up to speed with company policies and required skills, resulting in increased employee engagement and productivity.

Workforce Planning

Analyze your organization's workforce needs and develop strategic plans for hiring, training, and retaining employees. This ensures that your organization has the right skills and resources in place to achieve their business objectives.

Employee Engagement and Wellness

Provide tools and resources to promote employee engagement, satisfaction, and overall well-being. This can lead to increased productivity, reduced turnover, and a healthier, more motivated workforce.

Talent Acquisition

Streamline the entire recruitment process, from posting job openings to applicant tracking and candidate evaluation, helping your organization identify and hire the best candidates faster.

Workday Alternatives

We’ve listed the products and solutions that are commonly to Workday HCM below.

Enterprise HR logo

A customizable HCM solution designed for large enterprises with complex HR and payroll needs.

Vantage HCM logo

A comprehensive HCM solution that integrates HR, talent, time, benefits, and payroll for large businesses.

UKG Ready logo

A flexible HCM solution designed for small to medium-sized businesses to manage workforce, payroll, and HR needs.

Dayforce HCM logo

A global HCM software provider offering solutions for payroll, benefits, workforce management, and more.

Next Gen HCM logo

A modern, AI-powered platform providing a personalized experience and actionable insights for HR management.

SAP SuccessFactors logo

A cloud-based HCM suite from SAP that offers tools for employee management, learning, and performance.

Rippling logo

An all-in-one platform that unifies HR and IT, including payroll, benefits, and more.

UKG Pro logo

An advanced HCM solution providing tools for HR, talent, payroll, and time management for large businesses.

Fusion Cloud HCM logo

A suite of enterprise applications that combines Oracle's best-of-breed products for finance, HR, and CRM.

Zoho People logo

A provider of cloud-based software applications for businesses, including CRM, HR, finance, and more.

Deel logo

A platform for hiring and managing international contractors and employees, simplifying compliance and payments.

BambooHR logo

A cloud-based HR management software solution designed for small and medium-sized businesses.

Workforce Now logo

A cloud-based human capital management solution designed to help businesses manage their employees, payroll, and time.

Namely logo

A comprehensive human resources platform offering payroll, benefits, talent management, and more.

Comparisons

Compare products in Human Capital Management (HCM) head-to-head across various criteria such as price, features, user interface, support, ect.