PR Newswire | September 29, 2023
Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced at Workday Rising, the company's annual customer conference, a series of new AI and ML capabilities and partner ecosystem updates to help businesses drive productivity, streamline business processes, empower their people, and make better decisions.
"More than 10,000 organizations around the world rely on Workday to manage their most valuable assets – their people and their money," said Carl Eschenbach, co-CEO, Workday. "They trust Workday to provide powerful, responsible, transparent solutions that will propel their businesses forward. Today, we're reinforcing that trust by sharing cutting-edge solutions that will completely transform the way our customers do business. With the power of AI and ML and an ecosystem of industry-leading partners, we are writing the playbook for the way the future works."
Workday AI Capabilities to Drive Efficiency and Enhance Employee Experiences
Workday's leadership in AI is set apart by the company's platform strategy, unrivaled dataset, and commitment to delivering responsible and trustworthy solutions. AI is embedded in the core of the Workday platform, enabling the company to rapidly deliver cutting-edge solutions to customers across all applications. Workday AI models are fueled by more than 625 billion transactions processed by the system every year – resulting in the world's largest, cleanest set of financial and HR data. Workday's unrivaled dataset, together with the company's responsible AI safeguards, allow for consistently accurate, meaningful, trustworthy results. Leveraging the speed and reach of its platform approach, the company unveiled multiple new AI solutions, including:
Generative AI capabilities to address common business challenges such as generating job descriptions, knowledge base articles, employee growth plans, and statements of work, and contract analysis and corrections.
The Workday AI Marketplace to help customers easily find and deploy proven, trustworthy, and responsible AI and ML apps within the Workday ecosystem.
Workday AI Gateway within Workday Extend to enable developers to build intelligent and responsible apps using Workday AI.
"Workday is the technical backbone that brings our finance, HR, and operational data together in one place to help us manage our people and effectively run our business," said Art Kilmer, chief operating officer, P.F. Chang's China Bistro. "The AI embedded into the Workday platform helps augment our people so we can move faster, make more strategic decisions, and deliver operational efficiencies across our entire business, ultimately enabling us to better serve our customers."
New Tools to Help Businesses Better Manage Their Most Valuable Assets: Their People and Money
Finance and HR professionals need real-time access to data and information to make faster decisions and better manage their people and money. To help them deliver on these needs, Workday is unveiling new capabilities, including:
Generative AI capabilities in Workday Adaptive Planning for a streamlined user experience, and new features to help drive collaboration across finance and HR, streamline headcount planning, reconcile and report faster, and deliver increased transparency to business stakeholders.
Manager Insights Hub, a new solution within Workday Human Capital Management (HCM) that delivers a simplified and elevated manager experience powered by AI.
A new User Success Platform, which includes new tools that give employees real-time, contextual guidance on how to complete complex tasks right within their workflow.
Workday Rising is celebrating its 15th year and taking place in San Francisco through Friday, September 29. Workday Rising EMEA will take place in Barcelona from November 14-16.
HR Practice, HR Strategy
PR Newswire | August 23, 2023
hrtech, the Singapore-headquartered HR Technology Analyst firm, recently announced the launch of an HR Guide titled "Conversational AI in Recruitment" to address the need for automation that simplifies and streamlines the candidate experience, while saving hours of repetitive work for recruiters every day. The guide was produced in partnership with Paradox, the conversational hiring platform helping global employers like Unilever, Nestle, McDonald's, and General Motors transform hiring with mobile-first automation.
The idea behind the HR guide stems from the fact that there has been a drastic change in the way organizations and employees approach business processes. Digital transformation has been the topmost priority for organizations wanting to enhance business proficiency and candidate experience. Today, candidates want a consumer-grade experience at their workplace and expect the hire-to-retire journey to be digitally seamless and efficient. Candidates also expect multi-channel accessibility to connect with recruiters — and instant access to information throughout the hiring process. This is where Conversational AI proves to be a great aid for recruiters.
The HR guide intelligently brings rest to all the myths surrounding Conversational AI and maps out the differences between traditional recruitment techniques and Conversational AI-led recruitment. To harness the full potential of Conversational AI, the HR guide validates that organizations can integrate this technology into their recruitment tech stack, including Applicant Tracking System (ATS), job boards, CRM, assessments, recruitment marketing tools, and more.
The HR guide brings to light the success stories of global organizations that have deployed Conversational AI to enhance their recruitment function. The detailed case studies about the United Overseas Bank Limited (UOB), McDonald's, and a non-profit healthcare organization will help you understand how Paradox helped them improve their recruitment function and enhance the candidate experience using Conversational AI.
"At Paradox, we've always imagined a future where boring, repetitive recruiting work is replaced by conversational experiences that dramatically simplify and streamline the entire hiring process. Our goal is to give recruiters hours back in their day to spend more time with people, not software — and to create experiences candidates love. The hrtech.sg team has truly captured the essence of Conversational AI in this HR guide — specifically, the business value it creates by stripping away inefficiency and time stealers in the hiring process" said Paradox Client Success Director Zhenlin Ong, who supports clients like UOB, Scoot, and Starhub in Singapore.
"hrtech has always been a strong advocate of using smart technology to not just simplify HR processes but to elevate HR into a business growth function. Conversational AI is, indeed, a significant breakthrough that will completely transform the way organizations approach hiring. This technology focuses on the two most crucial expectations of the modern-day candidate - Personalization and Easy Accessibility. This HR guide covers all the aspects of Conversational AI, right from the need to the applications in recruitment function." Sriram Iyer, Founder & CEO, hrtech believes that Conversational AI is the only way ahead for organizations that want to stay ahead of the curve.
Launched in 2016, Paradox is the conversational recruiting platform that automates repetitive tasks in the hiring process with next-gen solutions that automate screening, interview scheduling, onboarding, and more — creating world-class, mobile-first candidate experiences that save recruiters countless hours every day. Among Paradox's solutions is the world's first Conversational ATS and Conversational Career Sites, which are transforming hiring for hundreds of global clients like McDonald's, Nestle, General Motors, and Pfizer. To learn more, visit their website at: https://www.paradox.ai/
hrtech, a HRTech Analyst firm, dedicated to facilitating Workplace and Workforce Transformations that drive robust Business and HR outcomes for enterprises across Asia and the Middle East. Our unwavering vision has been to create a TECH-DRIVEN and DATA-CENTRIC HR ECOSYSTEM, enabling successful Workplace and Talent Transformations that fuel organizational growth and empower HR teams to become Strategic Business Partners. To guide HR teams through this transformational journey, we operate through four distinct verticals: Academy, Advisory & Consulting, Marketplace Solutions, and Talent On-Demand. For more details: https://www.hrtech.sg
PR Newswire | September 27, 2023
Sequoia, the pioneer in benefits and compensation, announced Sequoia Comp OS™ 2.0 on the Sequoia People Platform. This transformative solution equips companies with real-time visibility and heightened control over their organization's global people spend.
Sequoia Comp OS, which is already used by over 250 Sequoia clients, unifies HR, finance, business leaders, and employees within a single operating system, simplifying the often tedious and frequently spreadsheet-reliant compensation management process. By offering a single source of truth, Sequoia Comp OS allows HR and financial leaders to have the same insights into the past, present, and future of their people spend, enabling real-time adjustments as their workforce and business changes.
Sequoia Comp OS is a modern way for companies to:
Standardize jobs and set pay ranges to establish competitive and equitable pay.
Allocate total compensation effectively for current and future jobs with headcount planning, active hiring plans, and merit cycle planning.
Stay compliant with pay regulations and corporate governance.
Communicate successfully with employees through personalized offers, merit letters, and total rewards statements.
Leverage real-time guided analytics to track global people spend and organizational changes.
In addition, Sequoia provides strategic Compensation Advisory services through their team of compensation experts specialized in helping modern companies. This same team worked hand-in-hand with Sequoia's product organization to design the Comp OS solution so that clients can quickly operationalize their tailored advisory services.
For 22 years, our company has worked with many of the best HR leaders and finance leaders at some of the fastest growing companies in the world. Yet, a very large majority are managing their biggest investment, their people, using multiple disparate spreadsheets and old data, said Greg Golub, CEO & Founder of Sequoia Group. Our solution puts HR and finance on the same page so they can better partner together, spend less time wrangling spreadsheets and more time stewarding the people strategy at their companies. We built it so we could operationalize our compensation needs for our 1,200+ global employee-company and it's been a total game changer for us, so I am excited to bring it to all our clients.
Courtney Cherry Ellis, SVP of People at Auditboard said, "We were able to work with Sequoia as an extension of our team to create a compensation philosophy that made sense for Auditboard and our employees. With Sequoia, we were able to operationalize a fair and equitable pay structure across the company."
Matthew Kennedy, SVP of People at Tonal said, "Our partnership with Sequoia began many years ago through advisory on our executive compensation philosophy, and over the years it has evolved. Sequoia is now a key partner for all things comp and benefits."
We are bringing together data that companies would typically gather from disparate HR tools to provide business leaders with the complete picture around employee compensation and enables them to make executive decisions with confidence, said Kyle Holm, VP of Sequoia's Compensation Advisory. When you can drive the strategy with an operating system, HR and Finance leaders spend way less time crunching spreadsheets and much more time focused on stewarding the people advantage for their companies.
Sequoia Comp OS is available to all Sequoia clients today.
To learn more, visit sequoia.com/comp-os.
Sequoia is the leader in Total People Investment. We help companies create a people advantage through improving retention, attracting top talent, and increasing people-spend ROI. With expert advisory services across compensation and benefits and a powerful platform, we connect employee total comp programs with insightful people analytics so companies can manage their global people investment in real time to better meet the needs of their evolving workforce. Visit Sequoia.com or follow us on LinkedIn to learn more.