Workday Announces Almost 1,000 Customers Already on Skills Cloud

Workday Helps Clients Accelerate Adoption of Competency-Based Personnel Strategies

Workday Inc., a leader in business cloud applications for finance and human resources, announced that nearly 1,000 organizations are using Skills Cloud to recruit , engage and retain your workforce more effectively in the ever-changing world of work. Additionally, Workday is offering a packaged solution skills foundation to help customers accelerate adoption of Workday’s skills infrastructure, which includes Skills Cloud, Talent Marketplace, and Career Hub, among others.

According to a McKinsey global survey , 87% of executives say they have skills shortages in their workforce or expect to have them within a few years, but less than half of those surveyed have a clear plan to address the problem. These results underscore that organizations need to understand their employees’ skills, including those they already have and those needed to meet business goals.

With a customer community of more than 55 million employees, Workday uniquely helps organizations optimize talent by providing in-depth knowledge of skills that can only be gained with a unified human capital management system ( HCM). Workday HCM securely houses worker data including skills – and makes it available to the customer as part of a connected talent experience that spans learning, hiring, performance, and more.

Skills Cloud, included with Workday HCM, is dynamically updated throughout the employee talent journey to reflect the development of new skills, helping clients continually evolve skill-based staffing strategies. This includes the ability to access real-time data on where skills are needed or not to better respond to business goals and deliver a unified talent experience for your workforce. Since its launch in 2018, Skills Cloud has grown its verified skills from 25 million to more than 2 billion today.

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Support clients in their skills transformation

There are critical steps organizations must take when shifting their talent strategies to focus on skills. To help clients begin their skills transformation journey, Workday offers competency support in three critical areas: the foundation, which provides the intelligent infrastructure for skills; knowledge, which identifies opportunities for action; and optimization, which drives skill-based talent programs

• Skills Foundation: Workday HCM customers can take advantage of the new solution pack, Skills Foundation, to help accelerate and guide the adoption of essential elements such as the Skills Cloud ontology, skill inference, skill verification, and critical skills. With the ability to identify worker skills and interests and link them to internal jobs, learning, mentoring, and short-term jobs, organizations can drive better employee engagement by supporting mobility. internal and the development of their careers. For instance,
• Knowledge and optimization of competencies: Through a combination of products, solutions and services, Workday also offers insights through dashboards that provide clients with analytics with information on the coverage of skills, commitment and skills acquired and lost by transactions of personal. With this foundation and knowledge, customers can leverage Workday to optimize their workforce with skill-based strategies, including functionality for recruiting, onboarding, learning, performance, internal mobility, and planning.

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Statements
“Organizations are more focused than ever on deploying a skills-based people strategy to improve employee retention, hiring, recruiting and engagement,” stated David Somers, group general manager, office of the chief human resource officer at Workday. “Our Skills Cloud provides the foundation to help our clients adopt a strategy to address skills and support their movement toward a more agile workforce.”

“At Thomson Reuters we want to create experiences that put employees first and allow them to grow and learn,” said Dalia Kendik, head of digital HR at Thomson Reuters. “Leveraging Skills Cloud was the first step in our move toward a skills-based people strategy, giving us the data and information needed to help employees establish career paths, fill internal roles, retrain and promote internally, and build our own talent stream. We want to bring transparency to career development, and Workday’s skills-based solutions help us achieve this. ”

“There is tremendous change taking place across all key HR business processes, with skills emerging as one of the biggest areas of focus as companies seek to address the growing challenges of talent,” said Holger Mueller, principal. analyst and vice president, Constellation Research, Inc “Workday customers now have the opportunity to outperform other organizations by leveraging solutions that help them better understand their workforce skills and the data needed to improve overall planning, recruiting , internal mobility and talent management. ”

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