Workday HCM Review - why 4.3 stars?

Shlomi Lavi / updated: Mar 02, 2023

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What is Workday HCM?

Workday HCM is a cloud-based human capital management (HCM) software solution that is designed to help businesses manage their workforce, from hiring to retirement. It is used by businesses of all sizes, from small startups to large enterprises, across a variety of industries. One of the key features of Workday HCM is its unified platform that includes a range of HR functions, such as recruiting, onboarding, compensation, benefits, and performance management. This means that businesses can manage all aspects of their HR operations from one central location, with real-time data and analytics to support decision-making. Another feature of Workday HCM is its mobile-friendly interface, which allows employees to access their HR information and tasks from anywhere, at any time. This is particularly important for businesses with remote or mobile workers who need access to HR functions on the go. In addition to its core HR functions, Workday HCM also offers advanced features such as talent management, workforce planning, and analytics. These features can help businesses identify top performers, assess skills gaps, and plan for future workforce needs. Workday HCM was established in 2005 and is headquartered in Pleasanton, California. Since its founding, it has grown to employ over 13,000 people globally, with additional offices in cities such as San Francisco, New York, London, and Dublin. One of the unique aspects of Workday HCM is its focus on delivering a user-friendly experience for both HR professionals and employees. The software is designed to be intuitive and easy to use, with a modern interface that is similar to popular consumer apps. This approach has helped Workday HCM stand out from competitors and attract a loyal user base. Overall, Workday HCM is a powerful HCM solution that offers a range of features and benefits for businesses looking to streamline their HR operations. Its unified platform, mobile-friendly interface, and advanced features make it a popular choice for businesses of all sizes and industries.

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Who is it best for?

Workday HCM is used by businesses of all sizes and across a variety of industries. Its customers range from small startups to large enterprises, and it is used by businesses in industries such as healthcare, finance, technology, and retail.

Some of the typical customers of Workday HCM include businesses that need to manage a large workforce, including those with remote or mobile employees. Workday HCM is also well-suited for businesses that value user-friendly software with modern interfaces.

Here are five examples of companies that use Workday HCM:

1. Target Corporation: Target Corporation is a large retailer with over 350,000 employees. They use Workday HCM to manage their HR operations, including recruiting, onboarding, performance management, and benefits administration.

2. Airbnb: Airbnb is a technology company that provides an online platform for people to rent lodging. They use Workday HCM to manage their global workforce, with features such as talent management, compensation, and analytics.

3. AstraZeneca: AstraZeneca is a pharmaceutical company with over 70,000 employees. They use Workday HCM to manage their HR operations, including performance management, succession planning, and workforce planning.

4. Unilever: Unilever is a consumer goods company with over 155,000 employees. They use Workday HCM to manage their HR operations, including recruitment, onboarding, and compensation.

5. Hulu: Hulu is a streaming service that offers on-demand and live TV shows and movies. They use Workday HCM to manage their HR operations, including recruiting, talent management, and performance management.

Overall, Workday HCM is used by a wide range of businesses in various industries. Its unified platform, mobile-friendly interface, and advanced features make it a popular choice for businesses looking to streamline their HR operations and improve their workforce management.

Main features and functionalities

Workday HCM can help your business in several ways by providing a unified platform to manage your HR operations and streamline your workforce management processes. Here are some of the ways Workday HCM can benefit your business:

1. Centralized HR Operations: Workday HCM offers a centralized platform that allows you to manage all your HR operations, including recruiting, onboarding, compensation, benefits administration, and performance management. This means you can access all your HR data and processes from a single location, which can help you save time and improve efficiency.

2. Mobile-Friendly Interface: Workday HCM offers a mobile-friendly interface that allows your employees to access their HR information and tasks from anywhere, at any time. This can be particularly useful if you have remote or mobile employees who need access to HR functions on the go.

3. Advanced Features: Workday HCM offers advanced features such as talent management, workforce planning, and analytics that can help you identify top performers, assess skills gaps, and plan for future workforce needs. These features can help you optimize your workforce and make data-driven decisions.

4. Improved Compliance: Workday HCM can help you stay compliant with labor laws and regulations by providing automated workflows and tools to manage compliance requirements. This can help you avoid costly penalties and legal issues.

5. User-Friendly Interface: Workday HCM has a user-friendly interface that is designed to be intuitive and easy to use, with a modern interface that is similar to popular consumer apps. This approach has helped Workday HCM stand out from competitors and attract a loyal user base.

Overall, Workday HCM can help your business improve its HR operations and streamline your workforce management processes. By providing a centralized platform, advanced features, and a user-friendly interface, Workday HCM can help you optimize your workforce and make data-driven decisions to drive business success.

What is the actual cost?

Workday does not provide pricing details on its website, but many user reviews have indicated that the software has a base plan of $99 per user per month.

ITQlick pricing score is 10 out of 10 (10 is most expensive). Access ITQlick pricing guide for Workday HCM. You can also find here pricing information from Workday HCM's website.

Pros

• User-friendly Interface: Workday HCM is known for its intuitive and modern interface that is similar to popular consumer apps. This sets it apart from competitors and makes it easier for users to navigate and adopt the software.
• Advanced Features: Workday HCM offers advanced features such as talent management, workforce planning, and analytics that provide businesses with valuable insights and help them optimize their workforce. These features are often more advanced than those of its competitors.
• Mobile-friendly Access: Workday HCM offers a mobile-friendly interface that allows employees to access their HR information and tasks from anywhere, at any time. This is particularly useful for businesses with remote or mobile employees.

Cons

• High Implementation Costs: Workday HCM can be expensive to implement, particularly for small businesses with limited resources. This can be a barrier to entry for some businesses looking for an HR management solution.
• Limited Customization: While Workday HCM offers a range of features and modules, some businesses may find that they are limited in terms of customization options. This may be a drawback for businesses with specific HR management needs or those that require more flexibility in their software.
• Less Integration Options: Workday HCM has fewer integration options compared to some of its competitors. This may be a drawback for businesses that need to integrate their HR management solution with other systems or software.
• Less Integration Options: Workday HCM has fewer integration options compared to some of its competitors. This may be a drawback for businesses that need to integrate their HR management solution with other systems or software.

How it stacks up?

Access a head to head analysis of Workday HCM vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Workday HCM right for you or your business?

Small, midsize, and large businesses can use Workday. However, its various features are more beneficial for large companies as small companies may not need some of the features. Also, Workday is applicable in almost every field.

As a universal all-in-one software, Workday is popular among big companies. Some of the companies that use it include Walmart Inc., a Retail organization with 2.2 million employees; Cardinal Health, Inc., a Healthcare organization with over 46,000 employees; the Home Depot, Inc., a Retail organization with more than 500,000 workers and Hitachi, a Japanese Manufacturing company with more than 290,000 workers.

Others include Levi Strauss, Puma, FedEx, Aon, Ohio State University, State of California, and Bucknell University.