Workday Wellness: Personalized Health Benefits Powered by AI
Day 3 of Workday Rising 2024 brought exciting news as the company announced Workday Wellness, a new AI-powered solution for more personalized health benefits. Just a day before, on Tuesday, Sept. 17, the company had made two pivotal announcements: Workday Illuminate as the next generation of Workday AI and Workday’s acquisition of Evisort, an AI-native document intelligence platform.
Now, following on the heels of those announcements, the news about Workday Wellness further cements Workday as a leader in maximizing the full potential of Artificial intelligence (AI) to help its customers solve Human Resources (HR) challenges.
With new updates coming quickly out of the Workday Rising 2024 conference, we at ERPA are committed to helping you stay informed with all things Workday.
In this blog, we’re sharing the latest from the Workday Wellness announcement and how this solution will help your company improve its benefits program.
Workday Wellness: A New Era in Benefit Programs
Workday Wellness is designed to solve a challenge that many Human Capital Management (HCM) leaders face: better understanding the benefits that their employees want and use.
Currently, companies can’t easily access their benefits and wellness data. Instead, they have to request this data from their benefits providers and then wait weeks to receive it.
But what if there was a better, faster way to get this information?
That’s what Workday Wellness seeks to achieve.
This solution provides a real-time view into the benefits and wellness offerings that your employees are participating in, giving you valuable information to act more strategically.
This blog will guide you through all the details of this AI-powered solution and the benefits you can expect to experience.
4 Ways Workday Wellness Delivers More Personalized Health Benefits
Providing a robust benefits and wellness package is a key part of attracting and retaining talent.
But do you really know which benefits your employees value most? Without accurate, real-time data, you’re left guessing and hoping that you understand your employees’ needs.
Workday Wellness takes that guesswork away.
Here’s what Cristina Goldt, general manager of workforce and pay, Workday, has to say about the new solution:
“By harnessing the power of data and AI, Workday Wellness will empower companies to make more informed decisions about their benefits and wellness offerings — ultimately leading to healthier, happier, and more engaged workers.”
Workday Wellness empowers HR leaders to manage benefits like never before. Read on to discover a few ways it can transform your benefits programs.
1. Valuable Employee Feedback
AI has certainly taken center stage at Workday Rising 2024. And Day 3’s announcement of Workday Wellness fits perfectly with this theme.
Workday Wellness is a first-of-its-kind solution that delivers AI-driven recommendations to guide companies to select the wellness programs their employees want.
This new solution will leverage Workday Illuminate and employee sentiment data from Workday Peakon Employee Voice.
With this data, Workday Wellness can advise your company on how, at the current moment, your employees feel about your wellness offerings.
2. Impactful Insights through Real-Time Data Exchange
With Workday Wellness, you won’t have to jump through hoops with your benefits providers in order to get data on participation, utilization, claims, or other details.
Instead, you’ll have real-time access into exactly which offerings your employees want and use. No more waiting weeks to receive out-of-date information!
3. Strategic, Data-Backed Decisions
The powerful capabilities of Workday Wellness enable you to act strategically.
Through this real-time data exchange between your company and your wellness partners, you’ll be empowered to improve your benefits program — with data to back up your decisions.
You can add new offerings as employee needs change. You can set alerts for underused programs. And you can deliver personalized programs that drive engagement and reduce costs.
Plus, you can share these insights with your wellness partners to help them gauge the success of their offerings and make improvements.
4. Improved Employee Experience
Workday Wellness doesn’t just give you a comprehensive view of your benefits programs.
It can transform your approach to benefits, putting you on a path to deliver a more positive employee experience.
Your benefits decisions will be supported by data that reflects the wants and needs of your employees, creating an environment where your teams feel heard and appreciated.
Providing a more personalized wellness experience for your employees is an important step in protecting your most important resource — your people.
Contact ERPA to Learn More About Workday Wellness
Ready to adopt Workday Wellness and step into the new era of benefits? Contact the ERPA Workday team today!
Starting in early 2025, Workday Wellness will be available to Workday HCM early adopter customers.
The ERPA team of Workday experts would love to chat with you and ensure you’re ready to quickly benefit from this new solution.
As more updates roll out from the Workday Rising conference, keep an eye on ERPA’s Workday Rising coverage page. We’re sharing the latest news and updates that you won’t want to miss!
