Initiatives Allows Companies to Focus on People, Time, Resources and Work

By: Workday  09-12-2011
Keywords: capital management, human capital, human capital management

Workday Initiatives allows companies to focus on all of the critical components that make a company successful: people, time, resources and work.

By bringing together all of these elements into a single unified system, management can gain insight into the elements that make a team or project successful, the areas of the company that are weak or struggling, and ways to improve overall effectiveness throughout the entire organization.

Unlike traditional bolt-on project or work management systems, Workday Initiatives is seamlessly unified with Workday Human Capital Management and Spend Management. As a result, companies can efficiently plan, staff, track, manage and analyze what is really needed to accomplish its key initiatives:

Plan Work

  • Model all types of work areas, including product development, projects, campaigns, client service delivery, grants, and more
  • Establish budgets and estimates
  • Establish a project of work plan with phases, tasks, and milestones to track progress over time
  • Roll up multiple work areas under larger initiatives or work hierarchies
  • Integrate to Microsoft Projects™, as well as other external Project Management and Project Lifecycle Management (PLM) tools

Staff Work

  • Seamlessly leverage worker profile data from Workday Human Capital Management
  • Search for talent based on specific criteria such as job profiles, skills and competencies
  • View and compare worker profile information including experience and qualifications
  • Utilize talent pools for sourcing workers
  • Staff project and work teams with available and qualified employees and independent contractors
  • Review vacation and work schedules to ensure appropriate staff coverage

Monitor Costs and Progress

  • Provide anytime, anywhere access to timesheets for all workers
  • Track time by hours or percentage allocation
  • Record labor rates for billable and non-billable time
  • Capture expenses and purchase orders related to a project or work area
  • View total current spend against planned budget as projects and work progress
  • Proactively modify project and work plans, budgets and worker assignments as needed

Analyze Work Results

  • View current status of key initiatives, projects and work areas at a glance with dashboard worklets
  • Set a notification trigger if a specific condition or threshold is met
  • Base worker pay-for-performance compensation and development plans on objective results of work performed
  • Leverage outcomes to gain insight into ways to improve processes in the future

By utilizing Workday as your central system-of-record for the work being done in your company, you can increase visibility, improve efficiency and draw real connections between goals, initiatives, results, performance, and rewards.

Keywords: capital management, Critical Components, human capital, human capital management

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