In today’s world, strategic workforce planning is crucial to the success of companies in any industry. Workday knows this, so they created Workday Workforce Planning, an intuitive workforce planning solution designed to help companies assess employment needs and ensure the right employees are in the right place at the right time.
Workforce Planning aims to help organizations plan and optimize their workforce, allowing them to maximize their investments. With Workday Workforce Planning, integrated workforce planning has never been easier!
It allows business leaders to understand their workforce model and gain full transparency into day-to-day operations across the enterprise. By leveraging Workday’s intelligent workforce planning solution, businesses can create new workforce plans, strategize around their business goals, and collaborate to implement new workforce plans promptly.
Read on to learn more about how to use Workday to improve your strategic workforce planning efforts and where our team of Workday consultants can come in to help!
What is Workforce Planning?
Workday Workforce Planning is an intuitive module designed to help organizations strategically plan, manage, and optimize their workforce. This module can also be integrated with other Workday software to help with enterprise, financial, and sales planning across the board.
This tool provides the resources to successfully run and optimize their business processes with improved efficiency and effectiveness.
Where Does Workday Adaptive Come in to Help?
Workforce Adaptive Planning is a workforce planning software within Workday that allows users to take planning matters into their own hands and improve business success.
Workday Adaptive Planning allows users to:
Create Workforce Plans and Scenarios
With Workday Adaptive Planning, users can curate scenarios and workforce plans that reflect their unique business structure. And, because the Adaptive Planning solution uses what-if scenarios, you can better align your people with your business plan through different operational designs and planning processes.
These scenarios allow users to view real-time data at many levels, including job level, job family, related skills, department, and more.
Making Workforce Planning a Team Effort
Workday Adaptive Planning makes workforce planning a team effort between HR, finance, and business partners in other company areas. It encourages collaboration on workforce plans by providing shared data, integration frameworks, and easy-to-navigate workflows.
Workday Adaptive Planning enables all stakeholders to gain insight into long-term and short-term hiring plans to give them a say in continuous talent planning for their company’s talent needs. Adaptive planning can also collaborate with corporate finance operations by predicting headcount plans and related expenses.
Utilizing Workflow Management
In the past, planning has typically been done by email, but with Workday Adaptive Planning, users can ensure workforce plans and budgets align with financial plans over time. Built-in workflow management capabilities enable managers to approve plans while offering the tools needed for administrators to monitor tasks for changes.
Agility is crucial in today’s evolving business world, and Workday provides the tools needed to stay agile and competitive in an ever-changing market. Users can leverage a planning dashboard showing advanced data analytics functions to monitor and track costs, view open positions, and break down the makeup of their staff.
Workday Adaptive Planning knows how important it is to protect your data, so it provides users with a trustworthy protection service through SOC 2 Type 2 compliance initiatives. SOC 2 Type 2 is the AICPA requirement for reporting on controls at service companies, including software-as-a-service providers. This covers security, processing integrity, confidentiality, and availability trust principles across the organization.
Join Planning To Execution And Analysis
Workday provides a single, integrated platform for your workforce planning, execution, and analysis needs.
Your workforce plans require enterprise resource planning (ERP) and human capital management (HCM) data to function effectively, and Workday simplifies the process of managing and maintaining such data.
This provides better visibility into essential metrics and is the foundation for financial planning and reporting across the board.
Key Capabilities of Workforce Planning in Workday
Workday’s workforce planning solution allows business users to:
- Link strategic plans to corporate financials.
- Utilize people resources to meet business demand and optimize business processes.
- Show and model skills capacity by place, time, workforce costs, etc.
- Align future workforce composition to strategic goals and business objectives.
Benefits of Workday Workforce Planning
Workforce planning can help businesses make better decisions regarding workforce efficiency and employee productivity. Other advantages of the solution include…
- Use models that show you how to run business operations more effectively.
- Allows business leaders to analyze current operating models and rearrange team worker capacity.
- Track things like salaries, raises, bonuses, and equity compensation pool scenarios more accurately.
- Access your Workday HCM, financial transaction data, and metadata beyond surface-level visibility.
How We Can Help
Whether you need help finding a new workforce planning tool, an extra hand looking for another Workday solution to integrate with one you already have, or additional support beginning your Workday journey, Surety Systems is here to help with all your Workday needs!
Our senior-level Workday consultants have the skills and experience to help you successfully implement Workday and make the most out of your investment in the long run to reach your business goals.
Interested in learning more about using Workday Workforce Planning? Ready to get started on a project with our team of expert Workday consultants?