Workday is a Gartner Leader for cloud HCM suites for the 7th consecutive year

Workday, an enterprise cloud applications provider for finance and human resources, has been named a Leader in the Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises*. Workday was recognised as a Leader for the 7th consecutive year and positioned the highest for overall Ability to Execute.

According to Workday, organisations across the globe continue to face significant challenges in attracting, supporting, and retaining talent amid a tight labour market and evolving employee expectations. To deliver engaging and personalised employee experiences, organisations need a unified view of their workforce. More than 4,500 global customers – and more than 50% of the Fortune 500 – including Lloyd's Banking Group, Nasdaq, Tennis Australia are using Workday Human Capital Management (HCM) to automate HR processes, support and empower employees, and adapt to changing business and workforce needs.

With Workday HCM, customers can:

Prioritise skills insight and development. To support this and build on the success of Skills Cloud, which is included in Workday HCM and leverages machine learning (ML) to maintain skills data, Workday recently introduced new technology that allows organisations to easily and securely bring skills data in and out of Workday. In doing so, they can gain deeper insight into workforce skills to help deliver more personalised development recommendations and nurture career growth.

In addition, to gain a holistic view of employee engagement across the business, global organisations are using Workday Peakon Employee Voice to give employees a confidential platform to share honest feedback about their experience, expectations, and health and wellbeing. Organisations can then use these insights to take meaningful, tangible actions that help to enhance the employee experience.

The shift in workforce composition is driving many organisations to develop a holistic workforce strategy that supports various worker types. Following the acquisition of VNDLY, Workday will provide organisations with a solution that helps manage salaried, hourly, contingent, and outsourced workers.

Workday also provides innovations to support frontline workers, managers, and operations leaders, including Workday Scheduling and Labour Optimization, a worker-first scheduling solution that leverages artificial intelligence (AI) to match labour demands with worker preferences. This is part of a unified workforce optimisation offering that includes absence management, payroll, talent management, and time tracking to help organisations attract, engage, and retain talent more easily.

Organisations need deeper visibility into their workforce and real-time data to help them make faster decisions that support the business. Workday People Analytics uses AI and augmented analytics to help customers better understand the trends of their workforce, including diversity, equity, and inclusion (DEI) efforts, retention and attrition, hiring, skills, and performance – and the drivers behind them.

"Workday HCM in Rolls-Royce is much more than an HR system," said Marcus Millership, Transformation Director, global business services, Rolls-Royce.

"It's a business tool to inform the business, to give insights, and manage some of our signature processes."

"We believe we are recognised because of our ability to adapt to the needs of our customers, enabling them to create and deliver experiences that meet the unique needs of their employees," said David Somers, Group GM, Office of the chief human resource officer product, Workday.

"Workday HCM provides customers with a comprehensive view of the critical workforce areas across their organisation – skills, employee sentiment, talent performance, payroll, and more – to help support and adapt to changing worker expectations, while empowering them to grow and scale their business."  

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Read a complimentary copy of the Gartner report on the Workday website.

*Gartner Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises by Sam Grinter, Chris Pang, Jeff Freyermuth, Ron Hanscome, Helen Poitevin, Ranadip Chandra, John Kostoulas, Emi Chiba, Rania Stewart, October 21, 2022.