What types of reports can be generated in Workday HCM?

Workday HCM is designed to provide a robust reporting functionality that encompasses a wide range of needs for organizations. The correct answer highlights that Workday allows users to generate standard reports, custom reports, and dashboards.

Standard reports are pre-built and often cover foundational metrics relevant to HR functions, such as headcount, turnover rates, and compliance statistics. These reports can be vital for ongoing human resources analysis and strategic planning.

Custom reports enable organizations to tailor their data output to meet specific business requirements or unique operational needs. Users can select the data fields, filter criteria, and layout that best suits their purposes, which is invaluable for detailed analysis and reporting.

Dashboards provide a visual representation of important metrics and trends in real-time, enabling stakeholders to quickly assess performance and make informed decisions based on the synthesized data.

The other options reflect limited or unrelated reporting capabilities. Financial and payroll reports are certainly part of HR reporting but do not encompass the full scope of what Workday HCM offers. Marketing reports and employee grievances do not fall under typical HR reporting functions and thus do not represent the core reporting functionalities provided by Workday.