How can an organization track employee performance in Workday HCM?

Tracking employee performance in Workday HCM can be effectively accomplished through the use of performance reviews, feedback tools, and goal-setting features. These components are specifically designed to provide a comprehensive framework for evaluating employee performance over time.

Performance reviews in Workday allow managers and employees to have structured conversations about job performance, which can include discussions on competencies, achievements, and areas for development. Additionally, the feedback tools facilitate continuous feedback from peers and supervisors, promoting an ongoing dialogue that helps employees understand their performance in real-time rather than waiting for formal review periods.

Goal-setting features enable both employees and managers to establish clear, measurable objectives that align with the organization's overall strategy. This ensures that employees know what is expected of them and can be assessed against these predefined goals, thus making the performance tracking process both objective and transparent.

The other options do not provide a dedicated system or framework within Workday for comprehensive performance management. Utilizing social media for feedback lacks the formal structure and security of a dedicated performance management system. An employee suggestion box, while beneficial for gathering ideas and concerns, does not specifically track performance metrics. Annual employee satisfaction surveys primarily gauge overall employee contentment rather than detailed performance assessments. Together, these points highlight why the second choice is the most accurate reflection