What benchmarking capabilities does Workday Prism offer?

Workday Prism offers robust benchmarking capabilities that allow users to compare their metrics against both industry standards and internal benchmarks. This functionality is particularly valuable as it enables organizations to gauge their performance relative to external benchmarks, providing insights that can inform strategic decisions and operational improvements. By having access to a broader range of comparison data, including industry standards, users can identify areas where they are excelling or where there is room for improvement.

The ability to perform such comparisons means that users can leverage industry insights to adopt best practices, enhance competitiveness, and ultimately drive better business outcomes. The flexibility of comparing against both internal and external benchmarks adds a layer of depth to the analytics capabilities available within Workday Prism, facilitating a more comprehensive understanding of performance metrics across different contexts.