Workday Adaptive | Workforce Planning Demo

The video highlights the key aspects of workforce planning using Workday Adaptive Planning. Here are the important points:

What is Workforce Planning?: Workforce planning is a distinct product from financial planning, specifically designed to address human resources needs. It helps organizations decide whether to buy, build, or borrow talent to meet workforce demands.

Integration with Workday HCM: Workforce planning operates separately but connects to Workday HCM, enabling more detailed human capital management.

Features of Workforce Planning: This includes talent forecasting, skill gap analysis, and scenario planning, moving beyond traditional headcount and compensation planning to skills-based planning.

Real-Life Application: An example of a financial services institution using workforce planning to support branch expansion by predicting the right mix of skills and roles needed, including language skills like Spanish.

Demo Overview: The demonstration covers Bottoms Up workforce planning, focusing on planning at the individual employee level and making changes that impact the overall workforce scenario.