No matter what industry you work in, how large your organization is, or how many years you’ve been in business, one thing remains true…
In the past, talent management systems have been focused on core competencies and outdated talent acquisition practices, leading to underdeveloped employees and a lack of satisfaction and productivity across the board. But, now more than ever, employee experience and satisfaction is at the forefront of most strategic business plans, because, in order to gain and retain high-quality employees, your organization needs a talent management toolkit focused on investing in its people from hire to retire.
The employee experience begins with the first interaction with the company and lasts throughout hiring, training, leadership development, and beyond. Ensuring employees are satisfied with their experience and feel supported throughout every step is an important factor in attracting the right kind of talent and keeping it.
Keep reading to learn how the Workday Talent Management solution can help companies like you manage and optimize talent management and acquisition functions, as well as where our team of Workday consultants can fit in your organization.
What is Workday Talent Management?
Your employees are the most important part of your organization. And, Workday understands the importance of a talent management system that enhances human capital management and allows companies to focus on their most important asset- the people.
This is why they created the Workday Talent Management module – a single-system talent management strategy to conquer the complex talent management world by allowing managers and executives to continually invest in their employees, day in and day out.
This allows companies to keep up with change and rapid growth throughout their industries, optimize Workday talent, and enhance employee performance and meet personal and organizational goals.
Workday’s enhanced analytics, performance insights, and advanced reporting capabilities allow give users the power to create a talent management solution that meets employee needs and those of the organization as a whole.
Better employee data, more employee engagement and support, and more connection to the overall workforce management strategy… What more could you need?
Understanding Talent Management in Workday
On one hand, businesses have an obligation to provide the necessary tools to hire the best talent available and keep employees empowered and engaged, even when their jobs or an entire organization is experiencing change.
On the other, employees want to find new ways to communicate with others in their workforce and stay up-to-date with changing conditions to make their Workday employee experience as positive as possible.
How Can Workday Talent Management Help with This?
The Workday Talent Management platform is a singular system designed to attract new employees, develop employee skills through learning and development training, optimize employee performance, and retain employees that meet and exceed workforce standards.
Now, you might be thinking that this sounds too good to be true…
But, Workday’s commitment to building a workforce based on enabling employees through personalized goal management and professional development rather than simply managing them on the surface level sets their Talent Management solution apart.
Workplaces and workforces are ever-changing, and with artificial intelligence and machine learning capabilities and integrations, companies can now make smarter decisions when it comes to their main human capital management initiatives.
And, luckily for you, Workday Talent Management can help improve your HCM initiatives by simplifying HR responsibilities for employees and the improving the lives of HR professionals.
Why You Need a Talent Management System
It’s no secret that people are key to a company’s success. But, without proper human capital management and an emphasis on employee engagement, your company can only achieve but so much success.
If your employees are not engaged, not valued, and most importantly, not supported, your company culture will fall behind and you will lack the competitive edge needed to survive in the ever-changing talent acquisition and management world.
A recent study revealed that organizations that invest in their employees by using a comprehensive talent management system are four times more profitable than those who don’t. Meaning, the more supported and engaged your employees are, the more productive they will be for your workforce.
And, this is where an innovative, people-first talent management strategy can work in your favor…
By using new talent management technology to keep up with changing industry landscapes and employee needs, you will be able to better track and adjust how your employees are engaging with one another and how the company is operating as a whole. Taking advantage of the shift in talent and performance management practices will help your company take better care of its employees and optimize workforce operations, leading to happier people and more success.
Key Features of Workday Talent Management
Let’s take a closer look at a few of the main features of Workday Talent Management…
Integration with Other Systems
Workday’s talent management solution offers one thing that most other competing systems can’t – a unified system that connects all areas of their company in one place. From payroll and human resources (HR) to talent management, finance, and more, Workday keeps it all connected.
Outdated legacy systems do not have the capability to integrate multiple different systems, so their information and insights are fractured and disconnected. But, by using a collaborative approach, Workday allows users to connect their business processes, analyze total data trends to gain comprehensive insights, and align their personal goals with overall organizational goals.
For example, comparing data from your talent management system with insights from your human capital management system can give you a more in-depth look and insight into how your systems and employees are connected and will help you make better business decisions.
Personalized Reporting & Dashboards
Workday has unmatched reporting capabilities. Even better, the reporting system can integrate with multiple other areas of your business, making it easier to view analytics in real-time and understand how the data can influence each other and overall processes.
On one hand, Workday Talent Management offers important data such as managerial changes or date of last promotion to be combined with other talent information to assess organizational risk and predict necessary changes for the future.
On the other, workers and their performance can also be compared to each other through talent cards and various search reports.
This, combined with easy-to-use dashboards, allows employees and HR managers to keep track of data, insights, and reports to ensure an optimized talent management system.
Succession planning involves identifying critical roles in your organization and ensuring these roles will be filled after their current holder has moved on.
Workday’s integrated talent management and HCM systems allow users to find specific roles that will require succession planning, identify internal and external candidates and their fitness for the job, and create a plan to fill the need when the time comes.
This way, if a critical employee decides to leave the organization, your people strategy and organizational development will not suffer, and your business processes will remain optimized for your success.
Benefits of Talent Management
Now that you’re a Workday Talent Management pro, let’s talk about a few of the key advantages of leveraging the solution across your enterprise…
Workday understands the importance of engaging employees and enhancing business processes and optimization by developing a strong workforce that can easily adapt to change.
The Workday Talent Management process gives both continuous and periodic feedback to employees, helping them to check in with their goals and ensure those goals are aligned with organizational needs. Regular check ins, internal survey campaigns, and customized feedback options empower employees and give them control over their insights.
Increased insights and personalized data help employees understand their performance and enable them to be as productive as possible in the workforce. Workday HCM offers opportunity graphs and connections to specific learning activities intended to help users assess their own performance in the organization and better understand their potential internal moves for the future.
Knowing what it takes to prepare for their next career steps helps employees focus on their own skill development and performance, leading to higher overall productivity and success for the entire organization.
Workday’s Talent Management and HCM solutions give employees, managers, and company executives better insights and information about workers’ capabilities and diverse skill sets.
By using Workday’s integrated solutions, companies can find new ways to engage employees, plan their business processes, and drive overall productivity, making for a more positive experience from the initial job opening to the exit interview.
With increased productivity and more defined business objectives, employees and their companies will be better prepared and informed for the future and will set themselves up for success in an ever-changing talent and performance landscape.
How Can We Help?
Now all this talk about increased productivity and employee engagement might sound great, but what if you don’t know if you can handle all of that on your own?
That’s where Surety Systems comes in to help!
If you need an extra hand in integrating your new Workday HCM and talent management systems, we’ve got you covered. Need a talent management expert to lead your business planning initiatives? We can do that too.
Getting Started with Our Team
To help you know what to expect when partnering with Surety Systems, we’ve included a sample profile of one of our top-notch Workday Talent Management consultants.
Surety Senior Workday Talent Management Consultant
- 10+ years of Workday experience
- Workday certified in Talent and Performance, HCM, Benefits, Recruiting, and Project Management
- Expert with the configuration and testing of the Workday Talent/Performance module
- Specializes in the deployments of HCM and Talent and Performance
- Industry expertise in higher education, government, consulting, hospitality, healthcare, etc.