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Enterprise Update: Workday

The importance of having the right enterprise resource planning (ERP) system for your company couldn’t be clearer. While these systems are highly advanced, they need talented technology experts and project solutions to support their ever-changing needs, implementations, or upgrades. Today, we will focus on Workday hiring trends, Generative AI and the R2 release.

At Planet Technology, a Workday global staffing partner, we have seen an increase in the number of independent consultants coming to us as a Workday Staffing Partner in order to activate their certification and receive the latest training. The Workday market from a customer demand perspective is looking for actively certified resources that have the skill sets to conduct tenant assessments, helping them optimize and enhance their existing Workday deployment. Many of these customers have been live on Workday for several years and are now looking to implement additional functionality and technology that Workday has continued to update over the last several years. We have noticed Workday Adaptive Planning, Prism Analytics, Extend and AI are of particular interest in the conversations we are having, along with rolling adoptions of additional domains within their respective suites.

Workday’s Generative AI Capabilities

In a recent Press Release from PR Newswire, Workday has introduced several new generative AI capabilities aimed at enhancing productivity, talent growth and retention, business process streamlining, and decision-making. With a platform strategy that incorporates AI and ML at its core, Workday leverages over 625 billion transactions processed annually to fuel AI models, delivering accurate and trustworthy results. These innovations underscore Workday’s commitment to human-machine teaming, offering enterprise-grade, user-centric AI solutions.

Key benefits of Workday’s new generative AI capabilities include generating job descriptions in minutes, analyzing and correcting contracts for improved revenue recognition, creating personalized knowledge management articles, streamlining collections for quicker recapture of funds, facilitating faster app development through text-to-code features, and creating employee growth plans to foster talent retention.

Additionally, Workday is exploring conversational AI to further enhance user interaction with its platform. These AI features, designed to optimize human-machine collaboration, will start rolling out to customers within the next 6 to 12 months, joining Workday’s extensive suite of AI and ML features already in use.

Lastly, Workday has announced its intent to acquire HiredScore, aiming to enhance talent acquisition experiences globally by integrating HiredScore’s AI-powered talent orchestration solutions with Workday’s Talent Management and Skills Cloud. This partnership is set to offer comprehensive talent acquisition and internal mobility solutions, focusing on responsible AI and human-centered decision-making. Key benefits include streamlined recruiting challenges, improved talent lifecycle management, and enhanced experiences for recruiters and hiring managers. The acquisition is expected to close in the first quarter of Workday’s fiscal year 2025.

Key Workday Findings include:

98% of all Workday placements over the past year were remote, while 2% were in office.

95% of placements were contract, 2% were contract-to-hire, and 3% were direct hire.

A quick survey of our network revealed some insight into what candidates are saying are the top 4 reasons Workday Professionals are motivated to go independent. 43% said they feel overworked and prioritize work/life balance, 36% said seeking better compensation, 11% because they were unhappy with their company culture.

Top five Workday job titles placed over the past year were:

  • Workday Production Services: Manage and ensure optimal performance of Workday applications through monitoring, troubleshooting, and updates.
  • Workday HRIS Analysts: Analyze and manage HR information systems to improve HR processes and data management using Workday.
  • Workday HCM Leads: Lead the implementation and optimization of Workday Human Capital Management systems, ensuring alignment with HR objectives.
  • Workday Benefits Lead: Oversee the configuration and management of employee benefits programs within Workday, ensuring compliance and user satisfaction.
  • Workday Adaptive Consultants: Provide expertise in Workday Adaptive Planning, helping organizations with budgeting, forecasting, and financial planning.

Workday’s Upcoming Release Schedule:

Workday’s R1 2024 release notes came out January 26th, 2024, and was released into production on March 9th. The 2024 release dates will be as follows:

  • Workday 2024 Release 2: August 17, 2024, and released into production September 21st 2024.

It’s important to stay vigilant and plan ahead. Be sure to reach out to Planet Technology if you need help planning your next release!

In this evolving landscape of Workday solutions, our focus at Planet Technology remains steadfast on connecting highly skilled professionals with innovative companies. As Workday expands its capabilities, notably with the acquisition of HiredScore, we’re excited to see how these advancements in AI will further empower our clients and candidates alike. Ensuring a seamless integration and optimization of Workday’s functionalities through top-tier talent is what drives us forward.

Christine Belmonte, Executive Vice President

About Planet Technology

Planet Technology, part of The Planet Group, is an award-winning Technology search and staffing firm. Our Enterprise Systems practice has the technology experts and consultants for your projects including Workday, ERP, SAP, Oracle, Big Data, Advanced Analytics, Cloud, EHR and LIMS. We help systems integrators and end users find the right people for the right projects – every time. We recruit full Enterprise teams to help companies upgrade systems or expedite projects. Whether you are hiring for a specific role or need a team to accomplish a project, Planet Technology is your single source solution to fulfill your Enterprise System talent needs.

Interested in learning more about our Workday Consultant Network? Learn more.

Photo Credits: ChatGPT

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