Reforecasting Amid Upheaval: Best Practices for Financial and Workforce Planning

Workday

If your role includes financial planning and analysis, you likely had just completed your 2020 revenue, headcount, hiring, opex, and capex forecasts, only to find that COVID-19 rendered them moot. Execs are Focused on Scenario Planning and Reforecasting.

Why the Power of One Is Our North Star at Workday

Workday

Questions like, “What’s this Power of One concept Workday people are always talking about? How does the Power of One apply to a Workday acquisition, specifically when it comes to Adaptive Insights ?”. The Data Challenges Our Customers Face. You might have questions.

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How Customers Are Using Workday to Respond to COVID-19

Workday

I’m personally grateful for the countless individuals who are on the front lines of this crisis and thankful for the strong bonds we share in the Workday community of employees, customers, and partners. Yes, both Workday and our partners are.

3 Workforce Planning Tips for Project-Based Businesses

Workday

Face it: Personnel planning is never going to be super flexible if you’re stuck using static, error-prone spreadsheets. With Excel, modeling different scenarios is a time-intensive undertaking—manually manipulating data and cross-checking assumptions. But if you swap out those clunky spreadsheets for the right business planning tool , scenario planning takes mere seconds and a few clicks of a button. Mine Historical Data for Seasonal Trends and Internal Challenges.

Customer Voice: How Workforce Planning Supports Rapid Growth

Workday

Rapid global growth is never easy—but it can be much smarter and more efficient with workforce planning. In this article, Andrew Brett, financial accounting manager at Pinsent Masons, shares how the firm uses workforce planning to better manage growth—and the insights it’s gaining in the process. How do your business leaders think about workforce planning? Business leaders will often point out that their workforce is their largest expense.

5 Questions for Paul Hamerman on Financial and Workforce Planning

Workday

Hamerman, who will be our guest speaker in a July 18 webinar , answers five key questions that we believe organizations should consider when exploring workforce and financial planning approaches in today’s business world. . How are organizations using workforce planning to help their organizations grow and thrive in today’s economy? There are several established use cases for workforce planning and modeling capabilities. Paul Hamerman. Paul D.

Workday Rising Daily: Workday Innovation Keynote and More

Workday

Workday Innovation Keynote: Supporting Customers in a Changing World. Taking the stage at Workday Rising on Tuesday morning, Workday Co-Founder and CEO Aneel Bhusri discussed the enormous impact the changing world is having on our customers. “We’re

Workday Podcast: Getting in on the Act with Active Planning

Workday

Making a plan isn’t typically the hard part, but sticking to it is. Today, technology can enable active planning, which is updated continuously and can guide the business. I talked to Kerman Lau, vice president of financial planning and analysis at Adaptive Insights, about active planning: what it is, why it matters, and what successful planning looks like. Listen on SoundCloud: Workday Podcast: Getting in on the Act with Active Planning.

Workday Partner Tips: Top Focus Areas for CFOs During COVID-19

Workday

Welcome to the Workday Partner Tips series. In this series, we’re sharing content from our partners that provides actionable guidance on managing your business and taking care of your workforce both during and in the aftermath of the COVID-19 pandemic.

Workday to Acquire Adaptive Insights

Workday

In response, Workday has continually delivered against our unique vision of bringing planning, execution, and analysis together in one system. A large part of that strategy has been adding breadth and depth to our core finance product— Workday Financial Management —which continues to win over customers and lead the industry. Like Workday, Adaptive Insights puts employees and core values at the center of everything they do. Why is Workday acquiring Adaptive Insights?

The Rise of the People Strategy Platform

Visier

As BCG captures well in their paper, When people strategy drives business strategy : “Developing a people strategy was once a straightforward matter of figuring out how to create the best possible workforce to execute an already defined business strategy.

The Rise of the People Strategy Platform

Visier

As BCG captures well in their paper, When people strategy drives business strategy : “Developing a people strategy was once a straightforward matter of figuring out how to create the best possible workforce to execute an already defined business strategy.

Delving Into Data

HRO Today

Three organizations share how they use people data and analytics to amplify business strategy. People analytics” has been a hot catchphrase in the business world for years, with data promising to revolutionize recruiting, talent management, and myriad other HR processes.

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How Virgin Cruises is Setting a Course for the Future with Workday

Workday

Based in the Miami area, Virgin Cruises plans to design and build three new world class cruise ships, with the first expected to launch in 2020. To help the company prepare for its bright future, Virgin Cruises selected Workday, including Workday Financial Management , Workday Human Capital Management , and Workday Planning , to create a technology foundation that reflects the values and spirit of the Virgin brand during a period of rapid growth and innovation.

Research Preview: Unlocking Organizational Agility to Drive Digital Growth

Workday

Here are the five behaviors that are necessary for organizational agility: Enable Continuous Planning. The parts of the business that rely on revenue through digital efforts, in particular, require rapid and continuous planning cycles. The research found that dynamic planning helps organizations react quickly to changing market conditions and potential threats to the business. Upskill the Future Workforce. Going to Workday Rising ?

3 Takeaways on Workday Planning

Workday

Today we announced plans to deliver Workday Planning , a new application that represents a significant step forward in our vision, and one that will have a big impact on both our Workday Financial Management and Workday Human Capital Management (HCM) customers. This is where Workday Planning changes things. At Workday, our customers’ needs are the number one priority. Workday Planning will be the Holy Grail for CFOs.

How the Pandemic Amplifies Demand for Finance and HR Collaboration

Workday

Although the pandemic has been wreaking havoc on best-laid plans, it didn’t alter trends—instead, it accelerated them. Quantify Revenue-Generating Value of the Workforce. HR Transformation COVID-19 Workforce Planning Finance Transformation Human Resources Workforce Development Finance

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Message Is Clear at Adaptive Live 2020: You?re Essential?and So Is Modern Planning

Workday

Kevin Kain, director of FP&A at the healthcare organization, assured Adaptive Live attendees via live video from his home that the use of our modern planning platform is helping ChristianaCare face an uncertain future with confidence: “We’re ready for what’s next.”.

Results From Our Global Research: The Future Belongs to the Agile

Workday

At Workday Rising last week, thousands of professionals gathered to peer into the future of the changing world of work. A global survey commissioned by Workday queried 988 C-Suite executives and leaders, a third of whom have finance leadership roles, about organizational agility. Most organizations, however, aren’t in a position to report such promising metrics—and it appears relying on slow, inefficient planning processes is at least partly preventing them.

Workday Positioned as a Leader in Gartner Magic Quadrant for Cloud HCM Suites for Midmarket and Large Enterprises

Workday

We couldn’t be more pleased that for the third year running, Workday has been positioned as a leader in Gartner’s Magic Quadrant for Cloud Human Capital Management Suites for Midmarket and Large Enterprises. Decide Based on Data, Not Gut Feel.

The Changing Workplace, Part 1: Why Remote Work is Gaining Permanence

Workday

We reached out to Littler , an international labor and employment law firm Workday works with on product compliance issues, to get their front-line insights. How should employers factor that reality into their plans for returning to the workplace?

The Changing Workplace, Part 2: Creating New Workplace Safety Policies

Workday

In the past, once a decision was made to implement a change in workplace policy, a company could plan that the policy would stay in place for the relatively long term. How are privacy and data considerations adding additional complexity to maintaining a safe workplace?

Remote Workforce Management: How to Adapt and Succeed

Workday

Like many companies all over the United States and around the world, Workday has recently made an abrupt shift to remote work. We closed offices worldwide amidst the pandemic and instituted mandatory work-from-home guidelines for most of our workforce.

Navigating Process and Policy Changes Related to COVID-19

Workday

In light of COVID-19 , human resources (HR) professionals have a new mandate: Ensure the wellbeing of the workforce during the pandemic and help navigate the new normal. This adds further complexity to businesses operations and workforce management during the pandemic.

Global Study: The Organizational Agility Lessons from Higher Education

Workday

Here are the five behaviors that are necessary for organizational agility: Continuous planning. They plan in a continuous, real-time manner, which gives them the speed, agility, and dynamism they need to innovate successfully. Building the future workforce.

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AAA NCNU: On the Road to Planning Nirvana

Workday

We spoke recently with Dustin Cramer, vice president of financial planning and analysis at AAA Northern California, Nevada & Utah (NCNU), which provides automotive, insurance, and travel services to more than 5.7 Cramer shared his thoughts on the company’s new approach to budgeting and planning with Workday. How has the business landscape changed for AAA NCNU, and how has your Workday journey evolved?

Looking Forward: Best Practices for Financial Scenario Modeling

Workday

In a recent webinar , Kinnari Desai, Workday’s senior director of corporate finance, provided insight into scenario modeling and how Workday approached this following the outbreak of COVID-19. How did Workday have to adapt its business planning process following the start of the crisis?

Reimagining Talent, Work, and Workplaces in a COVID-19 World

Workday

Frida Polli, CEO and co-founder of Workday Ventures’ portfolio company, pymetrics , stated it very well in her recent blog post when she identified the movement toward equity and inclusion, and the global pandemic, as a call to “inspire unprecedented progress.”.

Diary of a Deployment: Workday Adopts Adaptive Insights Business Planning Cloud

Workday

Today at Workday Rising , I had the pleasure of joining Tom Bogan, CEO of Adaptive Insights, on stage to announce that Workday is now live on Adaptive Insights Business Planning Cloud—only 10 short weeks from when we kicked off the deployment. I’m incredibly excited by what this means for Workday and the ability of our financial planning and analysis (FP&A) team to help guide the business with insight. Plan the Work, Work the Plan.

Organizational Agility and the CEO: Guiding the Business Through Digital Transformation

Workday

According to the latest global research from Workday, 81% of CEOs believe that their company’s approach to strategy enables them to respond to external market shifts—but their direct reports aren’t so sure. Building the future workforce. Continuous Planning.

Organizational Agility: Preparing Your Workforce for Change

Workday

The speed and dynamism of the global market, together with the emergence of machine learning and other data-driven technologies, puts the onus on businesses to ensure they remain nimble. Of those core capabilities, our study finds businesses are most proactive when it comes to building and skilling the future workforce. In the following sections, we take a look at why it pays to build—and keep—an agile workforce , and which skills will be critical to tomorrow’s winners. .

Why True Collaboration Matters in Enterprise Planning

Workday

When it comes to enterprise planning, this couldn’t be more true. These changes have put greater pressure on corporate finance teams to more effectively collaborate with stakeholders on financial and workforce plans in order to drive growth and help organizations not just adapt, but capitalize on change. Finance is often spending more time on collecting data and reporting, rather than partnering across the organization to understand where the business stands.

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Organizational Agility: Supporting Adaptable People and Processes

Workday

From the threat of a global recession to data privacy concerns and persistent political instability, the challenges facing businesses stretch far and wide. . The post Organizational Agility: Supporting Adaptable People and Processes appeared first on Workday Blog. Human Resources HR transformation Innovation & Technology Organizational Agility workforce planningYou don’t have to look far to uncover the many risks facing businesses today.

3 Ways Professional Services Firms Can Prosper

Workday

Both revenue and headcount growth continue to decline while workforce attrition is increasing. Per the benchmark study, careful investments in workforce planning, employee engagement, and talent-driven innovation are distinguishing top performing professional service organizations. Optimize Workforce Planning to Increase Productivity. The post 3 Ways Professional Services Firms Can Prosper appeared first on Workday Blog.

Celebrating One Year: Adaptive Insights, a Workday Company

Workday

What an amazing year it has been for planning. As each day passes, it is increasingly clear that planning is critical for digital transformation in organizations of all sizes. Everywhere we look—in all industries and geographies—we see evidence of how modern planning is helping businesses become more agile, manage their business better, and make smarter decisions sooner. By every measure, this first year with Workday shows we’ve delivered mightily on that mission.

A New Approach to Enterprise Planning: Perspectives from Customers

Workday

In today’s world, organizations must have solid planning strategies in place to achieve their goals for growth and success. We’ve heard about these challenges from our customers over the years, and this week, Workday launched Workday Planning. This new application is designed to help our customers approach planning in a more unified, collaborative, and continuous way so they can focus on driving performance. It will also help us better adapt and plan for change.

Zenefits Alternatives for HR

TrustRadius HR

Ultipro is a great product for our business due to the 24/7 nature of the workforce. It features HR tools, payroll, time management, employee self-service, asset management, onboarding, performance management, succession planning, reporting features and more. Workday HCM.

ADP Workforce Now Alternatives for HR

TrustRadius HR

To help you get started, we take a look at one of the most classic HR providers: ADP Workforce Now. ADP Workforce Now for HR. ADP Workforce Now is a modern human capital management solution for companies with more than 50 employees. Alternative to ADP Workforce Now.

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New Research: 2017 Workforce Analytics and Strategy Report

Lighthouse

We recently completed some very interesting research here at Lighthouse focused on workforce analytics and strategy, a powerful combination for today’s HR and talent leaders.

A Lighthouse in the Rough Seas of HR-Tech

Littal Shemer

Workforce Planning and Mobility. Workday. About the author: Littal Shemer Haim brings Data Science into HR activities, to guide organizations to base decision-making about people on data. A Lighthouse in the Rough Seas of HR-Tech.

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