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. Your employees are the most important part of your organization.
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. 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 the organization as a whole 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 employee experience as positive as possible. This is where Workday comes in.
Workday Talent Management 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.
Read on to learn more about the Workday Talent Management module and how it could benefit your organization.
What is Workday Talent Management?
Talent management is an important piece of any organization’s operational success in that it focuses on the heart of the company – the people.
Workday understands the importance of a talent management system that allows companies to keep up with change and rapid growth throughout their industries, manage their people, and enable them to perform well and meet personal and organizational goals. This is why they created the Workday Talent Management module – a single-system approach to conquering the complex talent management world by allowing managers and executives to continually invest in their employees, day in and day out.
In the past, talent management systems have been focused on core competencies and outdated talent acquisition practices, leading to underdeveloped employees and a lack of satisfaction and productivity across the board. However, modern talent management systems, and Workday specifically, have changed the narrative and placed emphasis on enhancing the employee experience. 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.
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 more connection to the overall workforce management strategy. What more could you need?
Why You Need a Talent Management System
It’s no secret that people are a company’s key to 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 better able to 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
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 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 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
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 across the board. 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 we come in! Need an extra hand in integrating your 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. Our team of senior-level Workday consultants is ready to help you with all of your talent and performance management needs, no matter how big or small. And, 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.
Interested in learning more about how our consulting team can help you? Contact us today!