Workday® HCM Top 5 Features for 2022R1
Twice a year, Workday® releases major sets of feature updates designed to expand functionality and enhance user experience. This year’s first release - Workday 2022R1 - is already available for your perusal in preview tenants and will hit production tenants on March 12th. To help you prepare for the upcoming release, we’ve compiled a list of the 5 most impactful new Workday HCM features coming soon to your tenant.
1. Expense Reporting For Candidates
Have you ever tried to create an expense report on behalf of a candidate who incurred costs during the interview process? If so, you probably had to go through a frustrating process that involved tedious manual workarounds and confusing ad hoc payments. As part of this year’s release, Workday has eliminated the need for such workarounds by adding expense reports for non-workers. Not only will this feature save time and resources, but it will also enable you to track candidate expenses for HR initiatives as well as configure segmented security for candidate expense data to control access at a more granular level.
2. Hide Benefit Plans
In the past, when a benefit plan in Workday HCM was marked as inactive it would still show up in the user interface alongside active plans. This made routine tasks unnecessarily tedious and, even worse, could lead to some serious human errors. With this year’s release, you can now hide benefit plans that your organization is no longer using. This will not only reduce manual effort and save time, but will also prevent benefits administrators from selecting incorrect or inactive plans when they configure benefits.
3. Forfeit One-Time Payments & Clawback Payment Processing
Terminating employees can be a logistical nightmare, especially when one-time payments and clawback payments are involved. Workday 2022R1 makes the whole process easier with two new features. The Forfeit One-Time Payments in Termination feature makes it easier to forfeit one-time payments that have payment dates after a worker’s termination date, reducing manual effort and avoiding overpaying terminated workers.The Clawback Payment Processing for One-Time Payments feature improves clawback functionality by enabling payments to be processed while employees are being terminated, helping you to recover funds through payroll.
4. Name Pronunciation on Profiles
Have you ever struggled to pronounce a coworker’s name? This can be especially frustrating, and even more important, in international organizations with employees from all over the world. Workday understands the struggle and, with Workday 2022R1, have enabled users to include name pronunciation information on their profile. This will make it easier for employees to correctly pronounce each other's names and foster a more inclusive and respectful environment.
5. Skill Synonym Management
Keeping track of employees’ skills is central to any human resource strategy. Whether you need to stay compliant with state or industry regulations, want to stay current with prevailing trends, or provide relevant opportunities for education and training, you’re gonna need to track the skills of your employees. In the past, skill tracking has been complicated by synonymous or similar names for the same skills. Workday 2022R1 reduces the number of redundant skills in your tenant and improves the usability of skills data by enabling Workday to replace tenanted skills with a synonymous Skills Cloud skill. Skills Cloud must be enabled within Workday to use this feature.
How Can We Help?
Finding the time to prepare for each release can be tough, but don’t let that fact cause your organization to miss out on the latest features and improvements. Makse Group can help! Contact us today to hear more about our Workday Release Management and Testing Support services.
