UOB, one of Asia’s largest banks, has successfully deployed Workday Human Capital Management (HCM) across 14 markets, with additional global deployments in five other markets planned for 2023.
This is part of the Singapore-based bank’s strategic commitment to digitally transform its HR capabilities across the UOB 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, 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.
With Workday HCM, people leaders have 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.
With Workday Expenses, UOB employees benefit from simplified expense reporting via a user-friendly and intuitive interface, saving time spent on claims and reimbursements.
In addition, Workday Time Tracking functionalities helps 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.
“Having one unified, consistent and centralised HR platform allows us to push ahead with our HR transformation goals alongside a digital-first era,” said Vikas Verma, head of Strategic HR at UOB.
“From enhancing the employee engagement experience on routine HR tasks through to facilitating talent optimisation programmes, our team is now better equipped to support our employees holistically, from HR operational matters to long-term career development,” said Vikas.
He added that the improved visibility of employee lifecycle planning, and data accessibility also enable their people managers to make timely and well-informed decisions.
Pannie Sia, Workday’s general manager for ASEAN, said that with data-driven insights, UOB will be able to effectively strengthen its position for long-term growth and success.