In this white paper, we will discuss advanced compensation on Workday – best practices and highlights of some of Alight's learnings as a future-minded Workday deployment, operations and application management services (AMS) partner.
The paradigm shift in human resource systems
In the past, trends in human resource (HR) system solutions adopted a “best-of-breed” approach. On top of (or in addition to) a core HR system (often an on-premise ERP) organizations would purchase and manage separate systems for recruiting, talent management, compensation, self-service and sometimes even payroll. This approach provided very robust functionality at the domain level but became difficult to maintain and expensive to sustain. A bifurcated user experience and potential conflicts with upgrade schedules and data routines triggered the need for data warehouse solutions and sophisticated integration portals.
More recently, two major events triggered a change in approach: the Cloud was born and the power of data analytics became a powerful, top-of-mind strategic business tool. These events caused the pendulum to swing and the new focus became...unified data. Core human capital management (HCM) and payroll systems established in the Cloud began to resolve the problems of the past and organizations started realizing the benefits gained by moving from a customization mindset to an efficient configuration paradigm.
The future is built in the Cloud and the future is now! What more could companies ask for? But what does this mean for critical, high-touch HR processes like advanced compensation in Workday?
Download Alight's white paper on advanced compensation in Workday.