Setup Considerations: Workday Benchmarking
You must subscribe to Innovation Services to use this feature. Contact your Customer Success Manager to request the Innovation Services Addendum (ISA), or see Workday Innovation Services in the Workday Community for more information.
You can use this topic to help make decisions when planning your configuration and use of
Workday Benchmarking. It explains:
- Why to set it up.
- How it fits into the rest of Workday.
- Downstream impacts and cross-product interactions.
- Security requirements and business process configurations.
- Questions and limitations to consider before implementation.
Refer to detailed task instructions for full configuration details.
What It Is
When you opt in to Workday Benchmarking, you contribute your tenant data for the benchmark
categories and subcategories you select. Workday uses this data to calculate
benchmark percentiles for your industry.
Workday Benchmarking is available through the Workday Benchmarking Innovation Service. Workday
Benchmarking includes these benchmarking groups:
- Human Capital Management.
- Recruiting.
- Time, Absence, and Payroll.
- Workday Usage.
Business Benefits
Workday Benchmarking enables you to compare data for your company with peers in your industry.
Workday Benchmarking provides on-demand benchmarks that your stakeholders can use to
make informed decisions about your business.
Use Cases
You can use Workday Benchmarking to:
- Compare your actuals data to benchmark data.
- Build custom reports based on benchmark report data sources (RDS).
- Create scorecards that include benchmark data.
Questions to Consider
Questions | Considerations |
|---|---|
Which benchmarks do you want access to? | Certain benchmarks require you to configure your tenant in a specific way. The amount
of effort required to set up Workday Benchmarking will depend on which
benchmarks you opt in to. |
What are your internal company policies and local government
regulations around sharing data? | Workday de-identifies your data and uses contribution thresholds so
you can access benchmarks while still meeting internal and government
privacy regulations. |
Who needs to view benchmark values and actuals? | Segment-based security is available for specific benchmark categories and
subcategories. |
Who administers the Workday Benchmarking feature for your
company? | You can enable notifications on the Edit Tenant Setup -
Notifications task to notify your administrators when
changes to your tenant might impact benchmark results. |
Recommendations
Workday recommends you update your worker trending data after any changes to ensure that your
data contributions are accurate. Consider the impact on performance when updating
trended worker data. Workday recommends running this task during nonpeak hours.
Requirements
Workday requires you to contribute data in order to access benchmark values.
For your actuals to display correctly, your trending period on the
Maintain Trended
Workers
task must align with a standard monthly schedule. That is,
your periods must begin on the first day of a month and end on the last day of a
month.For Absence Policy benchmarks, you must map time off plans in your tenant to Workday
time off plans.
For these benchmarks, you must correctly map your tenant values to standard values to
receive accurate benchmark data:
- Military Status.
- U.S. Diversity and Inclusion.
- Workforce Diversity and Leadership.
Limitations
Workday displays benchmark percentiles based on the number of participants who contribute data
for that benchmark. If the number of participants falls beneath certain thresholds,
you can view only limited or no data for that benchmark.
Tenant Setup
Enable trended worker data on the
Edit Tenant Setup - Reporting and
Analytics
task to access HCM and Absence benchmarks. You can also
use this task to enable scorecarding, which enables you to view benchmark data on
your scorecards.You can access the
Edit Tenant Setup - Notifications
task to enable
notifications for the Benchmark notification type.Security
These security domains enable you to opt in to benchmarks and access benchmark
values:
Domain | Considerations |
|---|---|
Benchmark Management
| Can opt in to benchmarks on the Benchmarking
Opt-In task. |
Benchmark Values
| Can access benchmark percentiles for all benchmarking groups. |
Actual Values for Benchmarking
| Can access the Actual Values report field on
the Benchmark Value business object to create custom benchmark
reports. |
These domains enable you to set up your tenant for Workday Benchmarking:
Domain | Considerations |
|---|---|
Manage: Innovation Services
| Can opt in to the Workday Benchmarking Innovation Service on the
Innovation Services Opt-In task. |
Benchmark Management
| Can map absence policy types on the Maintain Dimension
Mappings for Workday Benchmarking task for Absence
benchmarks. |
Security Configuration
| Can access the Maintain Functional Areas
task to enable functional areas for benchmarking. |
Set Up: Contact Info, IDs, and Personal Data
| Can map tenant values to standard values on these tasks:
|
Set Up: Tenant Setup - Reporting and Analytics
| Can enable worker trending and scorecarding on the Edit
Tenant Setup - Reporting and Analytics task. |
Custom Report Administration
| Can run the Create Worker Trending Data
task. |
Set Up: Tenant Setup - BP and Notifications
| Can enable benchmark notifications on the Edit Tenant
Setup - Notifications task. |
Business Processes
No impact.
Reporting
Reports | Considerations |
|---|---|
Benchmark Definitions
| Enables you to view details about each benchmark, including:
|
Benchmark vs. Actual
| Enables you to view your company actuals alongside benchmark percentiles. |
Benchmark vs. Actual by Period
Range
| Enables you to view benchmark values over a period of up to 12
months. |
Benchmark Values as a Source for
Scorecard
| Enables you to create a scorecard that displays benchmark values. |
Integrations
No impact.
Connections and Touchpoints
Feature | Considerations |
|---|---|
Scorecards | You can create a scorecard report that displays benchmark
data. |
Workday offers a Touchpoints Kit with resources to help you understand configuration
relationships in your tenant. Learn more about the Workday Touchpoints
Kit on Workday Community.