To truly understand where you stand against similar organizations, Workday Benchmarking allows customers to opt-in to contribute data about their workforces and, in return, see how you compare against industry peers, including metrics such as attrition, diversity, and leadership effectiveness.
Another offering for our customers, Workday Prism Analytics, lets you combine data from Workday HCM with other sources, opening new ways to correlate people data with operational data. For example, a retailer could combine data from a point-of-sale system with Workday HCM to see where hiring needs for the upcoming holiday season might be greatest, and make the decision to provide a rotational assignment for a high-potential manager.
Together, these capabilities give organizations more insights to make the right decisions, to stay ahead of the pace of business and head in the right direction. Bill Morgan, vice president, HR operations and information systems at Memorial Sloan-Kettering Cancer Center, told us, “Hospitals spend billions of dollars in buying materials every year. To have the data points and the ability to look ahead and see what type of things are coming is key.”