Concept: Workday Benchmarking
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The Workday Benchmarking service enables you to compare your key performance indicators
to metrics from peers in your industry. Workday de-identifies the benchmarking data to
ensure that no one can identify data for a specific customer. You can explore
benchmarking data for various opted-in categories and subcategories. Workday
Benchmarking groups include:
- Human Capital Management.
- Recruiting.
- Time, Absence, and Payroll.
- Workday Usage.
With Workday Benchmarking, you can:
- Build custom reports based on benchmark report data sources.
- Compare your actuals data to benchmark data.
- Filter benchmarks by dimensions.
- Use benchmark data with scorecards.
When you set up Workday Usage Metrics security, Workday automatically opts you in to
benchmarks in the Workday Usage benchmarking category and subcategories.
Benchmarking Data Collection
Workday collects and displays Production tenant data only for the subcategories that
you opt in to. Workday protects the identities of benchmark participants through
multiple methods, including:
- De-identification.
- Encryption.
- Meeting minimum customer participation threshold.
Workday enables you to exclude data contribution for specific countries when you opt
in to applicable categories. Excluding countries impacts benchmarking results and
can restrict access to data if contributions are fewer than the minimum
participation threshold.
You can set up benchmarking in your non-Production tenants the same way you do in
your Production tenant. Workday doesn't collect data from your non-Production
tenant, and benchmarking results returned in your non-Production tenant represent
mock data.
Benchmarking Data Availability
Workday calculates your non-Workday Usage benchmarks when the next scheduled benchmarking
processing job runs. Benchmark results don't include your contribution until the job
runs for your tenant. Workday makes data for the previous month available by the
sixth of the month.
Benchmarking Industry Groups and Industries
When you opt in to Workday Benchmarking, you can select only a single primary
industry and industry group. This functionality prevents double-counting of your
data contributions when calculating benchmark values. However, you can view
benchmarks for any industry or industry group for the categories and subcategories
you opt in to.
Benchmarking Groups, Categories, and Subcategories
Workday organizes benchmarks by:
Level | Description |
|---|---|
Group | A grouping of benchmarking categories by data type. |
Category | Functional grouping of subcategories. |
Subcategory | Functional grouping of similar types of benchmarks. |
You can click the related actions menu of benchmarking subcategories on the
Benchmarking Opt-In
task to display:- Benchmarks and their descriptions.
- Components, which are measurements that make up a benchmark expression used to calculate each benchmark.
- Data granularity of tenant contribution for benchmark components in the subcategory.
- Dimensions supported for filtering.
Benchmarking Notifications
You can enable notifications on the
Edit Tenant Setup -
Notifications
task to notify your benchmarking administrators when
changes to your tenant might affect your benchmarks. Workday sends a notification
when your tenant no longer meets eligibility criteria for a benchmark subcategory.
Certain tenant changes can prevent you from contributing data for a benchmark
subcategory and viewing benchmark data. Workday checks your tenant every month and
sends a notification to all users in the Benchmark Management
domain when you
need to take action.