Upskilling or Reskilling Your Existing Workforce
Canadian businesses are identifying their workforce's current skills and comparing that with what is required to upskill employees to meet or exceed organisational goals. For example, a global organisation with nearly 328,000 employees is using Workday Skills Cloud to embed skills into business processes to make them fundamental to the way they work.
This organisation created a content toolkit built around new, relevant skills and processes. Then, using automation and machine learning (ML) in Skills Cloud, they can connect workers with internal opportunities, such as recommended learning content, gigs, training opportunities, new roles, and more based on a worker’s skill profile – enabling them to grow and develop their skills and career path. This also allowed them to better assess the proficiency of their organisation and see what was required to meet their corporate needs.
Making Sound Decisions in Times of Uncertainty
We are at a unique place in history as we watch the evolution of work in real-time. The pace of change is unrelenting as the economic landscape sputters with inflation, labour shortages, and debt servicing issues. The solution for Canadian academia, government, and small and large businesses is to prepare for what comes next and have the technologies and processes to adapt.
Plan, Execute, and Continuously Analyse
The pressure to find talent in Canada has been intense since the pandemic when newly instituted remote and hybrid work environments accelerated staff shake-ups and prompted an onslaught of retirements and resignations.
To help address these challenges, Canadian businesses are leveraging Workday Adaptive Planning to bring finance, HR and operations together to create workforce plans that align with business goals and drive agility. Organisations can model, forecast, and budget workforce costs – all from the same unified data core – to deliver actionable insights that can help drive better decision-making, meet business goals, and build smarter plans more efficiently.
With Workday acting as a single source of truth for all financial and workforce data, organisations can identify skills gaps, forecast future demand against current supply, and consistently monitor progress against the plan, enabling them to quickly adapt and rework their plans.
Explore AI and ML Capabilities
At Workday, AI and ML are built into the core of the Workday platform . Our Canadian customers already use Workday AI to help drive better employee experiences, improve operational efficiencies, and provide insights for faster decision-making.
Canadian organisations that embrace AI will be at the forefront of creating a more skilled workforce and increasing productivity in Canada. When applied responsibly, AI can amplify human performance and improve decision-making. I see AI as a necessity for people-constrained industries.
Use Data to Reimagine the Workplace
As businesses reimagine the workplace, evolving needs like hybrid work environments and a revitalised and connected workforce emerge. Businesses trying to learn more about employees' wellbeing, expectations, skills, and career goals can use technology to understand employee sentiment and efficiently address their concerns. Then, quickly analyse data to identify trends, risks, and opportunities within their workforce. Visionary leaders use these insights to inform stakeholders, give managers personalised action plans, and help employees and businesses thrive.
It has yet to be determined what business will look like in three, five, or 10 years. We know that companies need systems and technology that are agile and adaptable enough to work and grow with them. Workday solutions are shaping the landscape of Canadian businesses by providing pathways towards building diverse teams that are engaged, upskilled, and ready to compete better in global economies.