How does Workday HCM support employee performance management?

Workday HCM supports employee performance management effectively by enabling goal setting and continuous feedback. This approach is essential for fostering a culture of engagement and accountability within an organization. The platform allows managers and employees to collaboratively set clear, measurable goals aligned with broader organizational objectives. This alignment ensures that employees understand their roles in contributing to the company’s success.

Continuous feedback is also a crucial component that Workday facilitates, allowing for regular check-ins and discussions about performance throughout the year rather than only during formal performance appraisals. This ongoing dialogue helps employees stay on track, adjust their work as needed, and feel more connected to their development process.

In contrast, while financial incentives and rewards can motivate employees, they do not by themselves foster a comprehensive performance management framework. Automating payroll adjustments for performance is more about compensation rather than guiding and improving employee performance, and standardizing employee training may help in skill development but does not directly address performance management strategies. Thus, the focus on goal setting and feedback makes Workday HCM particularly well-suited to enhance performance management processes.