UOB has tapped on Workday to deploy a Workday Human Capital Management solution across 14 markets the bank is present in, including Malaysia.
The bank said it is part of the strategic commitment to digitally transform its HR capabilities across the Group in line with its ongoing efforts to empower employees and drive a people-first approach to its HR strategies. To achieve this, Workday was selected for its unified cloud system to replace standalone HR systems to improve the employee experience, and data accessibility and drive employee self-service.
As part of this strategic group-wide HR transformation, UOB is using Workday HCM, Workday Expenses and Workday Time Tracking across 14 key markets, including Singapore, Australia, Hong Kong, and the United States. There are also plans to expand the use of these solutions to five additional markets in ASEAN, including Indonesia, Malaysia, and Thailand in 2023.
What the Workday HCM offers is that it gives leaders greater visibility over the complete talent management pipeline for their teams, enabling them to identify talent gaps and develop talent optimisation programmes. Having a single, unified platform to help digitise various HR systems and processes also help reduces the number of administrative and manual tasks to be performed by the teams and cuts down on manual interventions, physical forms, and emails.
The platform also offers UOB employees the benefit of simplified expense reporting via a user-friendly and intuitive interface, saving time spent on claims and reimbursements. In addition, Workday Time Tracking functionalities help to improve employee productivity, while the enhanced data quality and analytics allow UOB to make real-time, data-driven decisions across the complete HR process, from onboarding to offboarding.
“We are delighted to play a crucial part in UOB’s HR digital transformation journey,” said Pannie Sia, General Manager, ASEAN, Workday. “Having the right technology and processes in today’s digitalised economy will prove invaluable in supporting the workforce of the future amid today’s dynamic and competitive business environment. With data-driven insights, UOB will be able to effectively strengthen its position for long-term growth and success. Workday remains committed to supporting UOB on its digital transformation journey to help transform the employee experience