Workday Rising 2024: Strategy and Vision
That’s a wrap on Workday Rising 2024! The event was a whirlwind of unforgettable networking, learning, and inspiration. While the big event may be over, we’re still unpacking all the great insights we learned.
Didn’t get a chance to attend in person? The ERPA team is here to help!
In this blog, we’re recapping the main highlights from Day 2 of Workday Rising 2024, including five incredible sessions presented by Workday leaders:
- Workday Student: Strategy and Vision
- Talent and Skills: Strategy and Vision
- Employee Voice and Experience: Strategy and Vision
- Taking Global Payroll Management to the Next Level with Workday Global Payroll
- What’s New: Workday Payroll for North America
From new products to expanded features, these sessions highlight Workday’s innovation and the company’s commitment to improving Human Resources (HR) and Workday Financial Management, , as well as the overall employee experience.
Innovation, Insights, and Inspiration: Workday Rising Day 2
Workday Rising is known for taking attendees on an educational journey and enriching their knowledge of the Workday platform.
Day two of the conference featured several informative and inspiring sessions across topics like talent sourcing, employee sentiment, global payroll, and more.
5 Insightful Sessions from Workday Rising Day 2
Read on for ERPA’s recap of five insightful sessions from the conference and how these Workday solutions can help your business.
1. The Latest Innovations in Workday Student
From healthcare and manufacturing to hospitality and retail, Workday is committed to helping every industry overcome its unique challenges.
Workday Rising 2024 followed through on this commitment by offering industry-specific sessions, including Day 2’s Workday Student: Strategy and Vision session.
Geared toward the higher education industry, this session explored the latest innovations in Workday Student Management and how universities are leveraging these capabilities to bring value to their campuses.
Workday Student New Region Expansion
With sixty-five institutions live (including the first Canadian institution), Workday Student is now heading to the Southern Hemisphere. Three educational institutions in Australia and New Zealand will work with Workday in an advisory capacity.
Workday Student Success Metrics
Additionally, the session showcased phenomenal stats showing just how far Workday Student has come:
- 3 million total student records managed
- 3.5 million total admission applications managed
- 2.8 million financial aid disbursements
- 5.4 million historical student applications managed
- 2.6 million student payments made
If you would like to implement or learn more about Workday Student Management, contact ERPA’s Workday team of experts.
As a Workday Services Partner and Workday Extend Partner, our solutions experts have worked with Workday since 2016 and would love to discuss how it can further the expansion of your college campus.
2. Workday Talent Management Enhances Human Capital Management
As job applications outpace available openings, hiring the right talent is more challenging than ever.
The session Talent and Skills: Strategy and Vision explored how the transformative capabilities of Workday Talent Management solutions can enhance talent sourcing and mobility.
Reducing Turnover
With 75% of industries experiencing an uptick in voluntary turnover, it’s crucial to find ways to increase employee retention.
During the session, the CHRO of Best Buy Canada shared how Workday Skills Cloud enables employees to provide more detail about their skills.
Then, Workday functionality helps the company align the best people for their roles, leading to retention of top talent.
Driving Efficiency with Artificial Intelligence (AI)
While Workday’s people-first strategy remains the same, the technology the company offers has rapidly evolved.
For example, Workday’s acquisition of HiredScore earlier this year will empower Workday customers to leverage AI for talent and internal mobility.
And with Orchestration by HiredScore already available in Workday, Human Resource (HR) leaders can better align their talent strategy with their talent technology.
3. Improve Engagement and Business Growth With Workday Peakon Employee Voice
The Employee Voice and Experience: Strategy and Vision session showcased the future of employee voice and experience.
It explored two powerful Workday solutions that capture employee sentiment and seamlessly guide your talent through the employee lifecycle:
Understanding Peakon Employee Voice
With 45% of industries seeing a decrease in employee engagement, companies must keep a pulse on their people.
Workday Peakon Employee Voice helps you do just that. It enables HR leaders to better understand the “what” and “why” behind employee sentiment.
It helps to address top concerns by gathering high-quality feedback and facilitating ongoing communication.
Workday Peakon provides actionable data to drive a culture of continuous improvement and strategic insights for a stronger talent strategy.
Onboarding, Promotions, and Performance Management
Workday Journeys enables you to tailor the employee experience to meet evolving needs.
The solution provides clear instructions that guide employees from onboarding to career development to promotion and beyond. It empowers your organization to build personalized journeys that help employees thrive at every stage.
4. Workday Global Payroll: Seamless Global Integrations
The Workday Rising session Taking Global Payroll Management to the Next Level with Workday Global Payroll focused on Global Payroll Connect (GPC), Workday’s solution to streamline global integration for payroll.
Available for purchase October 11, the GPC SKU serves as a superset of Cloud Connect for Third Party Payroll (CCTPP). It offers exciting new features to reduce complexity and elevate global payroll for an improved customer experience.
A Unified Global Payroll Solution
With the new hub, users can monitor and manage payroll in Workday for global and native payroll.
Employees and managers can now enter third-party data directly into Workday, including pay slips and other payroll-related documents.
Inbound and Outbound Notifications
Receive notifications from and send them to third-party payrolls.
Interested in how this cost-effective solution could centralize your global payroll operations? Partner with ERPA, a Workday Services Partner, for deployment and post-production support of Workday Global Payroll.
5. What to Expect From Workday 2024R2
Targeted for Workday Payroll admins, the session What’s New: Workday Payroll for North America highlighted the new features rolled out with Workday 2024R2, as well as more exciting developments on the horizon.
Here are just a few of the capabilities on Workday’s current roadmap:
Allocate Net Pay Liability
As a massive win for payroll accounting, Net Pay Liability will now automatically split net pay journal lines by distribution of earnings, reducing manual efforts.
Payroll Prompt Recommendations
This 2024R2 feature enables faster selection of information through machine learning prompt recommendations.
Add Payroll Input on Pay Results
With this functionality’s new intuitive and simplified design, you can add input on any pay result with just one click.
Lock Payroll for Auditing
As part of the 2025R1 release, this capability will simplify the auditing process. It will provide flexibility to choose to recalculate results or leave a pay-impacting event for the next retro calculation.
Payroll Calculation Trace
Another feature coming in 2025R1, the Payroll Calculation Trace can track how and why something is calculated in payroll, increasing productivity.
Want to maximize the value of Workday Payroll at your organization? ERPA can help. Contact our Workday team of experts to optimize your payroll processes.
Level Up Your Company’s Strategy and Vision with ERPA + Workday
Interested in learning more about the Workday solutions and features highlighted in the Day 2 sessions? Contact ERPA!
As a Workday Services Partner, our experts can help you get the most out of your Workday platform, ensuring your Workday solutions scale as your organization grows.
For more insights from Workday Rising 2024, visit our Rising coverage page for all the updates!
