Workday Wellness Delivers AI-Driven
Recommendations to Help Companies Select and Invest in Wellness
Programs that Employees Want
First-of-its-Kind Solution Seamlessly Connects
Companies with Wellness Partners, Enabling a Real-Time Data
Exchange to Enhance Employee Wellbeing
LAS
VEGAS, Sept. 18, 2024 /PRNewswire/
-- Workday, Inc. (NASDAQ: WDAY), a leading provider of
solutions to help organizations manage their people and money,
today announced Workday Wellness, a new AI-powered solution that
will provide companies with a real-time view into which benefits
and wellness offerings their employees want and use. Workday
Wellness will empower companies with AI-driven recommendations on
how to improve their benefits program so they can deliver a more
personalized wellness experience for their employees.
"Great benefits can help organizations attract and keep
employees, but it can be difficult to know which offerings they
really want," said Cristina Goldt,
general manager of workforce and pay, Workday. "By harnessing the
power of data and AI, Workday Wellness will empower companies to
make more informed decisions about their benefits and wellness
offerings – ultimately leading to healthier, happier, and more
engaged workers."
Enabling AI-Powered Insights and Experiences via a Real-Time
Data Exchange
Companies that want to access their benefits
and wellness data – e.g. participation, utilization, claims, and
more – have to ask their providers for it, which can take weeks and
may be out of date by the time it's received. Workday Wellness
facilitates a real-time data exchange between employers and
wellness partners to make it easier for companies to access and
view this data in real-time.
This exchange will also empower wellness partners and companies
with faster, more accurate insights into which offerings employees
are using, so they can improve programs and seamlessly add new
offerings within Workday Human Capital Management (HCM) to adapt to
employee needs. This also helps wellness partners see how their
plans are doing, improve them, and enroll customers faster.
Using Employee Feedback and Wellness Data to Understand What
Employees Want
Leveraging Workday Illuminate and employee
sentiment data from Workday Peakon Employee Voice, Workday Wellness
will help enable companies to understand how employees feel about
their wellness offerings in real-time. For example, it can show if
employees want child care assistance, early retirement options,
more mental health or dental selections, better paid leave
programs, and more. This helps companies create and invest in
wellness programs that employees really want.
Workday Wellness gives companies a clear and comprehensive view
of all their benefits programs. It includes alerts for underused
programs and provides actionable, AI-driven recommendations to
improve them – enabling companies to deliver personalized programs
that drive engagement and reduce costs.
"HR leaders understand that benefit offerings are important to
employee recruitment and retention. Our research shows that 43% of
organizations currently use a wellness solution or are planning to
implement one in the next year," said Stacey Harris, chief research officer and
managing partner, Sapient Insights Group. "By enabling a data
exchange between its customers and wellness partners, Workday will
give customers the opportunity to leverage AI to get valuable
insights into benefit investments and to create better employee
experiences."
Availability
Workday Wellness will be available to
Workday HCM early adopter customers in early 2025.
For More Information
- Learn more about Workday Illuminate, the next generation of
Workday AI.
- Register to attend Workday Rising sessions in the digital
program:
- Community Keynote: Let's Take Work Forever Forward, Together,
Sept. 18 at 9:00am PT.
About Workday
Workday is a leading enterprise
platform that helps organizations manage their most important
assets – their people and money. The Workday platform is built
with AI at the core to help customers elevate people, supercharge
work, and move their business forever forward. Workday is used by
more than 10,500 organizations around the world and across
industries – from medium-sized businesses to more than 60% of the
Fortune 500. For more information about Workday, visit
workday.com.
© 2024 Workday, Inc. All rights reserved. Workday and the
Workday logo are registered trademarks of Workday, Inc. All other
brand and product names are trademarks or registered trademarks of
their respective holders.
Forward-Looking Statements
This press release contains
forward-looking statements including, among other things,
statements regarding Workday's plans, beliefs, and expectations.
These forward-looking statements are based only on currently
available information and our current beliefs, expectations, and
assumptions. Because forward-looking statements relate to the
future, they are subject to inherent risks, uncertainties,
assumptions, and changes in circumstances that are difficult to
predict and many of which are outside of our control. If the risks
materialize, assumptions prove incorrect, or we experience
unexpected changes in circumstances, actual results could differ
materially from the results implied by these forward-looking
statements, and therefore you should not rely on any
forward-looking statements. Risks include, but are not limited to,
risks described in our filings with the Securities and Exchange
Commission ("SEC"), including our most recent report on Form 10-Q
or Form 10-K and other reports that we have filed and will file
with the SEC from time to time, which could cause actual results to
vary from expectations. Workday assumes no obligation to, and does
not currently intend to, update any such forward-looking statements
after the date of this release, except as required by law.
Any unreleased services, features, or functions referenced in
this document, our website, or other press releases or public
statements that are not currently available are subject to change
at Workday's discretion and may not be delivered as planned or at
all. Customers who purchase Workday services should make their
purchase decisions based upon services, features, and functions
that are currently available.
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SOURCE Workday Inc.
