2024R2: Key Insights You Can’t Afford to Miss
Workday 2024R2 is here! This blog shares all the top features that Kognitiv’s Product Lead team has determined you need to be aware of and should be adding to your roadmap.
A few features are automatically available, meaning they require no setup for you to see and use; the rest require setup, which typically includes some configuration, testing, and change management (as needed).
As organizations strive to adapt to an ever-evolving business landscape, Workday continues to lead the charge with cutting-edge solutions designed to enhance efficiency, elevate user experience, and drive organizational success. Take a read, make note of anything you’re not already planning to implement, and get a plan in place to put them into use in your tenant!
HCM and Payroll
| Workstream | Feature | Description | Setup Effort | Product
Lead |
| Absence | Accrual Expiration | To allow for more concise tracking of accruals and carryover expiration, accruals can now have their own carryover settings configured. | Setup Required | Christina Duritza |
| Absence | Buy Time Off | Workday now provides the ability to set up accruals to specifically be used for workers to buy additional time off. Configuration would need to be done with coordination with payroll to ensure workers are charged accurately for purchased time off.
https://doc.workday.com/release-notes/en-us/abs/7986946.html |
Setup Required | Christina Duritza |
| Absence | Leave Units Proration Based on Percentage | Leave types can now be prorated by a percentage for Workers on partial leaves.
https://doc.workday.com/release-notes/en-us/abs/7641334.html |
Setup Required | Christina Duritza |
| Absence | Absence Reporting on Time Off Entry and Time Off Event Business Objects | Workday has delivered new Corrected Time Off Quantity and Previously Requested Time Off Quantity to be used in reporting and validations.
https://doc.workday.com/release-notes/en-us/abs/7986003.html |
Automatically Available | Christina Duritza |
| Benefits | Benefit Election User Experience Redesign | Workday redesigns the workers view of their benefit tab, benefits>my current elections and benefit elections option within the benefit & pay hub. Going from grid view to card view for consistency between what workers see within enrollment events. May require updates to training documents that contain screenshots of these screens.
https://doc.workday.com/release-notes/en-us/hrbenenroll/7390460.html#qid=1203334 |
Automatically Available | Maribeth Ebert |
| Benefits | Benefits Messaging | Ability to set up and deliver new Send Benefits Messages task through emails, SMS and push notifications. Also delivers ability for an enhanced Send Open Enrolment reminders task. **Must subscribe to Workday Messaging SKU to send SMS messages | Setup Required | Maribeth Ebert |
| Benefits | Benefit Worklet – Mobile | In 2024R1, the Benefit Worklet for desktop was retired but was still available on mobile. With this release, the mobile version is also going away and will be replaced with the Benefits & Pay Hub. | Automatically Available | Maribeth Ebert |
| Compensation | Percent-Based Commission Plans | You can now use an On Target Earnings structure that sets commission target as a percent of a compensation basis. Please note that these new plans cannot be used in a Compensation Review Cycle. | Setup Required | Anne Reichler |
| Compensation | Segmented Security for Non-Funded Plans | You can now enable segmented security to restrict access to specific non-funded compensation plan assignments to specific security groups. | Setup Required | Anne Reichler |
| Compensation | Stock Award Custom Calculations | You can now add custom calculations, such as rounding, to your grid configuration for stock awards, regardless if they’re granted in currency, amount, or percent. | Setup Required | Anne Reichler |
| Compensation | Improved Manager Experience for Change Job | Enhancements to the manager experience for Compensation in the Change Job business process when using Maintain Change Job Templates | Setup Required | Anne Reichler |
| Configurable Security | User-Based Security Group Membership Workflow | Workday is releasing a workflow-driven version of the “Assign Users to User-Based Security Group” task in 24R2, building on the release from 24R1 with the BP-driven version of the “Assign User-Based Security Groups for Person” task.
Now, Workday has workflow-driven versions of both legacy user-based security assignment tasks, allowing for configurable approvals and better visibility into historical changes. These are intended to replace the existing tasks with the legacy versions being deprecated in the future. |
Setup Required | Peter Stevens |
| Manager Insights Hub | Feedback Received Enhancements | Workday provides a new user interface to view requested feedback and anytime given feedback by enabling card format. – https://doc.workday.com/release-notes/en-us/talpip/8052658.html | Automatically Available | Heather Tomer |
| Performance | Multi-Goal edit/add functionality | To use this feature, https://doc.workday.com/release-notes/en-us/hrperf/8097568.html you have to be opted in to the Goals Redesigned User Experience. It has not been confirmed by Workday on when you can no longer opt out of the redesign, so it is recommended you at least turn this on in Preview if you haven’t already so you can see the new functionality. It is very different from the previous user experience. This multi-goal enhancement is a huge improvement, because before each goal had to be edited, added, deleted separately and sent individual goal events for each goal to the manager to approve if you have approvals on your Manage Goals bp. Manage Goals BP Security policy update is required to use this feature. | Setup Required | Heather Tomer |
| Performance | Auto Save during performance reviews | Workday delivers Autosave for Guided Experience Employee Reviews for desktop users. We also replace the Save for Later button for Guided Experience reviews, and automatically save your work every 90 seconds. Only available for templates configured to use Guided Experience – https://doc.workday.com/release-notes/en-us/hrperf/7092140.html | Automatically Available | Heather Tomer |
| Performance and Talent | Calibration Placement all worker filter | To improve the performance of the All Workers filter on calibration nBox reports, Workday has enhanced the field which will aid large scale calibration events – https://doc.workday.com/release-notes/en-us/talpip/8156439.html | Automatically Available | Heather Tomer |
| Projects | Worker Absence and Other Project Allocation in Resource Forecaster | Workday has updated the Project Resource Forecaster to include an overlay of visual indicators of project resource allocation, along with an additional window that displays when you hover, showing the workers scheduled project hours, scheduled absences, and hours allocated to other projects.
https://doc.workday.com/release-notes/en-us/finprj/8118890.html |
Automatically Available | Blake Little |
| Skills | Suggested Skills for Workers | Skill suggestions are enhanced for workers by using explicit skill data to show where the suggestions are coming from. There will now be suggested skills showing from various sources like current job profile, previous job profiles, completed flex team roles. – https://doc.workday.com/release-notes/en-us/skills/8108412.html | Automatically Available | Heather Tomer |
| Staffing | Consolidated Hire Business Process | You can now consolidate the Hire business process to complete multiple subprocesses on the initiation step of Hire.
https://doc.workday.com/release-notes/en-us/hrcore/8086676.html |
Setup Required | Alex Wilson |
| Staffing | Job Profile User Interface | A redesign of the screens used for creating/editing Job Profiles.
https://doc.workday.com/release-notes/en-us/hrcore/7928060.html |
Automatically Available | Alex Wilson |
| Staffing | Assign Multiple Matrix Members to Matrix Organizations. | A new task, similar to Move Workers, that lets you assign multiple workers to a matrix organization with one initiation. | Setup Required | Alex Wilson |
| Staffing | Collective Agreements on Job Requisitions | Collective Agreements are now available to be used for defaulting compensation on job requisition creation.
https://doc.workday.com/release-notes/en-us/hrglobal/7783273.html |
Setup Required | Alex Wilson |
| Talent Marketplace | Flex Teams load via EIB | Workday has made web services to support the creation, edit, and importing of advanced and simple flex teams. https://doc.workday.com/release-notes/en-us/gigs/5824219.html | Setup Required | Heather Tomer |
| Time Tracking | Automatically Submit Time | A new task to create schedules to automatically submit time.
https://doc.workday.com/release-notes/en-us/time/8018753.html |
Setup Required | Christina Duritza |
| Time Tracking | Effective Date Support for Midweek Changes in Time Calculations | With this release, Workday supports midweek changes in worker eligibility, providing you the option to evaluate worker eligibility for time calculations daily, rather than applying end of the week eligibility.
https://doc.workday.com/release-notes/en-us/time/7624711.html |
Setup Required | Christina Duritza |
In the ever-evolving landscape of technology and enterprise solutions, staying ahead of the curve is not just a choice but a necessity. Workday has consistently demonstrated its commitment to empowering businesses with cutting-edge tools, and the 2024R2 update is no exception.
If you need help with implementing any of the above features, Kognitiv is here to help! Reach out to any of the Product Leads directly or contact us here.
