The Five Kinds of Must-Have Dashboards You Absolutely Need If You’re on Workday

A P P L I C AT I O N M A N AG E M E N T S E R V I C E S | E B O O K

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Where are you going and how are you going to get there?

In the business world, reports provide that critical information. Standard reporting that relies on spreadsheets is lackluster, though, when compared to what else is possible today with the best available solutions.

But before you just start moving in a direction, it’s important to understand where you currently are compared to where you want to go.

B U S I N E S S L E A D E R S A S K T H E S E Q U E S T I O N S A L L T H E T I M E , across all their departments, because if a business isn’t moving toward its objectives, it’s probably in danger of failing.

Any journey can start with questions like these, even when it’s not a literal journey from one location to another.

Spreadsheets are like a snapshot. They reflect a moment that has come and gone. This is even true of cloud-based spreadsheets if they aren’t updated regularly, or if multiple versions exist.

T H E R E A R E OT H E R P R O B L E M S W I T H T R A D I T I O N A L R E P O R T I N G , TO O :

From there, you have to figure out how to take action on what’s in front of you.

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It’s up to you to visualize or interpret that raw information.

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What if you need to act quickly, though? What if you’re too busy to make an interpretation? And how do you jump from the data in your spreadsheet to where you need to go, especially if you’re relying on multiple systems for your business processes?

Sure, there are solutions for advanced reporting and analytics. But you have to extract and transform your information into those systems before you can do anything with it.

The beauty of a system like Workday—and one of the reasons many companies ultimately deploy it—is that it empowers you with a simple way of visualizing your information, with drill down capabilities that allow you to easily jump to where you need to go to take action.

W H I L E W E C A N ’ T T E L L YO U W H I C H S P E C I F I C O N E S A R E R I G H T F O R YO U, we can help you understand how dashboards are used and what categories they can be put into.

What’s more, you can visualize any report that’s in Workday, whether you’ve built it yourself or it was delivered from an outside source.

On the next page are the five kinds of dashboards any company with Workday or Workday Financial Management should be considering.

Are you ready to drill down into the details? L E T ’ S G O.

B U T W I T H S O M A N Y P O S S I B I L I T I E S AVA I L A B L E TO YO U, W H E R E D O YO U G E T S TA R T E D?

W H AT A R E T H O S E M U S T- H AV E DA S H B OA R D S ?

H O W D O T H E Y H E L P YO U U N D E R S TA N D W H E R E YO U A R E O N YO U R J O U R N E Y ?

Select a dashboard below to get started:

F O R E N S I CDA S H B OA R D

F I N A N C I A LDA S H B OA R D

O R G A N I Z AT I O N A LDA S H B OA R D

C O M P L I A N C EDA S H B OA R D

W O R K DAY H E A LT HDA S H B OA R D

E M P LOY E ED E M O G R A P H I C S

W O R K F O R C EC O M P O S I T I O N

R E T E N T I O NA N A LY S I S

C O M P E N S AT I O NO V E R V I E W

R E C R U I T I N GP I P E L I N E

TA L E N TM A N AG E M E N T

W O R K F O R C EP R O D U C T I V I T Y

W O R K F O R C EP L A N N I N G

Organizational Dashboards

Organizational dashboards help you answer questions about your business and your people so you can make better decisions about both.

F O R E X A M P L E , if companies really want to prioritize diversity, equity, and equality— and of course they should—they can leverage organizational dashboards to actively measure things like employee demographics, salaries, and turnover rates.

According to a report by Deloitte, 79% of organizations believe that fostering a sense of belonging at work is either important or very important. Unfortunately, only 13% of those companies consider themselves ready to act.

It’s hard to make meaningful, strategic decisions aimed at improving diversity or closing the pay gap when that information hasn’t been e�ectively organized—or worse, when it’s gathering dust as a spreadsheet on someone’s desktop.

If leaders really want to create a more inclusive and diverse corporate culture, then organizational dashboards provide not just the data to make that happen, but also a layer of accountability. Because when all the data you need is your fingertips, what’s your excuse for not taking action?

W H I L E T H E R E A R E A LOT O F P OT E N T I A L R E A S O N S F O R T H I S D I S PA R I T Y, T H E R E ’ S N O D O U B T T H AT V I S I B I L I T Y P L AY S A C R I T I C A L R O L E .

Organizational Dashboards (cont.)

Ethnically diverse companies are 35% more likely to outperform their competitors, while gender diverse companies are 15% more likely to outperform their competitors.

Companies with diverse management teams saw 19% more revenue than companies with less diverse management teams.

Diverse companies are 70% more likely to succeed in new markets and 45% more likely to expand their market share.

E T H N I C

G E N D E R 7 0 %

S U C C E E D E X PA N D

4 5 % 19%M O R E R E V E N U E

PAY R O L LC O M P L I A N C E

B E N E F I T SC O M P L I A N C E

N E W H I R E S L E AV E O FA B S E N C E

L I C E N S E S &C E R T I F I C AT I O N S

H E A LT H &S A F E T Y

A F F O R DA B L EC A R E AC T

Compliance Dashboards

Compliance dashboards exist to help you visualize and drill down into some of the biggest functional areas in your business to make sure everything’s happening the way it’s supposed to, when it’s supposed to.

TO P U T I T A N OT H E R WAY, if you imagine your business as a ship, then your compliance dashboards are all the tools at your disposal to help you chart a clear path and avoid obstacles.

Hitting an iceberg, for instance, can be hugely disruptive—just ask the Titanic—resulting in fines or penalties and ruining the employee experience.

L E T ’ S B R I E F LY C O N S I D E R S O M E S P E C I F I C S C E N A R I O S .

A new employee has recently started, but there’s a delay in adding her to Workday. Did someone miss a step in the onboarding process? And how is this going to a�ect that employee’s first paycheck, much their less experience as a new employee?

In another case, an employee who has been with your company for a long time has just received a well-deserved promotion, but that promotion wasn’t recorded correctly. What went wrong? Who dropped the ball? And how valued does that employee feel now?

Compliance dashboards provide your teams with the visibility they need to track critical steps in your business processes and avoid disasters so your business can steer clearly to its destination.

Ethnically diverse companies are 35% more likely to outperform their competitors, while gender diverse companies are 15% more likely to outperform their competitors.

Companies with diverse management teams saw 19% more revenue than companies with less diverse management teams.

Compliance Dashboards (cont.)

According to the American Payroll Association, 70% of employees say they would have trouble meeting their financial obligations if their paycheck was delayed by a week.

93% of employees said their paychecks are always on time – American Payroll Association

9 3 %

7 0 %

S Y S T E MH E A LT H

U S AG EM E T R I C S

B U S I N E S SP R O C E S S H E A LT H

S E C U R I T YM A N AG E M E N T

U S AG E M E T R I C SB E N C H M A R K I N G

R E P O R TU S AG E

W O R K DAY R E L E A S EA D O P T I O N P L A N N E R

Workday Health Dashboards

In the analogy where compliance dashboards help you steer safely to your destination, the engine powering everything is Workday. And sometimes it’s a good idea to see how that engine is doing. That’s where Workday-specific dashboards play an important role.

A F T E R A L L , Workday is an investment; deploying and maintaining it has a financial cost. Being able to see how that investment has paid o�—and where there’s room for improvement— is crucial to understanding where you are now and where you need to go in the future.

Dashboards empower you to quickly answer these questions, and to dig deep on them so you have a clear picture of what’s going well and where you can make improvements.

A R E YO U TA K I N G A D VA N TAG E O F W O R K DAY ’ S L AT E S T F E AT U R E S ?

A R E P E O P L E U S I N G W O R K DAY T H E WAY YO U WA N T T H E M TO?

D O YO U H AV E T H E R I G H T S E C U R I T Y I N P L AC E ?

Ethnically diverse companies are 35% more likely to outperform their competitors, while gender diverse companies are 15% more likely to outperform their competitors.

Companies with diverse management teams saw 19% more revenue than companies with less diverse management teams.

Ethnically diverse companies are 35% more likely to outperform their competitors, while gender diverse companies are 15% more likely to outperform their competitors.

Companies with diverse management teams saw 19% more revenue than companies with less diverse management teams.

Workday Health Dashboards (cont.)

55 million – The number of Workday users as of Sept. 2021

Engagement is a crucial part of any business transformation. Do you need help formulating a change management plan for your business?

50% - Of Fortune 500 companies are part of the Workday customer community as of Sept. 2021

5 0 %

5 5 M I L L I O N

E X P E N S EM A N AG E M E N T

B A L A N C ES H E E T

I N C O M ES TAT E M E N T

C A S HS TAT E M E N T

B U D G E T TOAC T UA L S

Finance Dashboards

While there’s no hard-and-fast recipe for success, one thing is certain—you can’t do much without money.

YO U C A N ’ T H I R E A N YO N E W I T H O U T I T. You can’t develop new products without it. You can’t expand into new markets without it, and so on.

From your day-to-day operations to your hopes and dreams for the future, you have to know where you stand financially. And without a clear of idea of your expenses, your cash flow, your income and how everything compares with your original budget, how can you make any clear decisions about…well, anything?

If your business is using Workday Financial Management, you can leverage finance dashboards for all their worth to visualize this information and use those real-time insights to take action today or to plan for tomorrow.

YO U C A N ’ T !

Ethnically diverse companies are 35% more likely to outperform their competitors, while gender diverse companies are 15% more likely to outperform their competitors.

Companies with diverse management teams saw 19% more revenue than companies with less diverse management teams.

Finance Dashboards (cont.)

96% of businesses fail in the first 10 years 82% of businesses fail because of poor cash flow

9 6 %

4 %

82%FA I L D U E TO

P O O R C A S H F LO W

M I S S I N G W O R K E RD O C U M E N T S

AT T E N DA N C EP O L I CY C O M P L I A N C E

AC T I V E & E X P I R E DC E R T I F I C AT I O N S

PA R T T I M E W O R K E R SO V E R 3 2 H O U R S

Forensic Dashboards

Your team does their best, but mistakes are bound to happen. And that means there could be errors in Workday you don’t know about.

H O W D O YO U F I N D T H E S E E R R O R S A N D F I X T H E M ? That’s where forensic dashboards come in. While forensic dashboards are like compliance dashboards, they don’t quite belong in the same category because they can do things you wouldn’t expect from a standard compliance dashboard.

You could build a forensic dashboard to filter employees by age, giving you the ability to drill down and look for discrepancies or mistakes.

For example, let’s say that someone’s birthyear was entered wrong in Workday—and not just wrong by a year or two, but wrong by A LOT.

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H O W W O U L D YO U F I N D T H AT O U T ?

Forensic Dashboards (cont.)

Maybe those part-time employees have too much to do, and they either need to be reclassified as full-time or they need some extra help.

O R M AY B E T H E R E ’ S A T I M E M A N AG E M E N T I S S U E that needs to be addressed. Or maybe there’s a larger cultural issue at work.

Whatever the case, you never would have discovered the problem without—let’s all say it together— A DA S H B OA R D !

60% of employees were “very certain” that their paycheck deductions and net pay are accurate; 25% said they were “somewhat certain” – American Payroll Association

7 0 %

V E R Y

C E R TA I N

S O M E W H AT

C E R TA I N

2 5 %

M I S S I N G W O R K E RD O C U M E N T S

AT T E N DA N C EP O L I CY C O M P L I A N C E

AC T I V E & E X P I R E DC E R T I F I C AT I O N S

PA R T T I M E W O R K E R SO V E R 3 2 H O U R S

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W O R K DAY P U T S A L L YO U R B U S I N E S S P R O C E S S E S A N D YO U R DATA I N O N E P L AC E ,so you have one source for truth, one system of record, supercharging your reporting capabilities in the process.

But all the reporting potential in the world won’t do you any good if you’re not taking advantage of it. So, get creative.

And don’t let a lack of expertise stand in your way, because you don’t have to do it alone. OneSource Virtual can help.

From building or modifying specific dashboards to providing best practice consultation, we can make Workday dashboards more doable for your business so you can focus on where you’re going and how you’re going to get there.

If the members of Radiohead had all worked in HR, “Everything in its Right Place” would have been an anthem about Workday.

Visit our website to learn more or contact us if you have questions or want to get started.