Old Mutual taps into Workday for talent management
Old Mutual has gone live on Workday Human Capital Management in a bid to "win the war for talent".
With the move to one cloud-based human capital management (HCM) system, the financial services group, which operates in 14 countries and employs over 30 000 people, hopes to fundamentally change its employee and its talent management practices.
“There is a need to strike a new social contract with employees to win the war on talent,” says Celiwe Ross, Old Mutual’s human capital director.
“Workday is helping us to completely rethink our people practices. While we are still refining a few of our processes, from a people leader perspective, we now understand our employees much better; the support they need, and how best to manage work volumes across the employee base. Over the last year that has been invaluable.”
Workday is expected to provide Old Mutual managers with real-time analytics and reliable data about people and teams, often spread across multiple countries, enabling them to better measure performance, recognise and develop top talent, and align skill sets with roles.
According to Zuko Mdwaba, country lead and MD for SA, Workday, for companies like Old Mutual digital transformation remains critical to their recovery from the effects of the COVID-19 and part of their strategy for future success.
“With Workday, Old Mutual is building a culture of agility and data-driven decision making that will help it to respond to challenges today and into the future. Having the best core business systems in place allows leaders to focus on moving the organisation and its people forward,” said Mdwaba.
Workday opened its South African offices in February 2018. During its Q3 EMEA update, the company reported to have had over 190 customer go-lives with its on-demand finance and HCM solutions; four of these in South Africa.