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Administrator Guide
Last Updated: 2023-09-08
Create Custom Metrics for HCM

Create Custom Metrics for HCM

  • Set up a fiscal schedule using the
    Create Fiscal Schedule
     task.
  • Create and configure metric sets by organization type using the
    Maintain Analytic Scorecard Profiles and Metric Sets
     task.
  • Security:
    Metric Management
     domain in the System functional area.
Create custom metrics for workforce scorecards to give executives and HR leaders insight into the health of their organizations. You can create multiple custom metrics based on the delivered metric calculations. You can then add these metrics to scorecard dashboards that tailor to meet the needs of different audiences.
The delivered metric calculations use information that exists in Workday, making them easier to set up than metrics based on external data. You also have greater control over sensitive data because the metrics adhere to your existing security configuration.
  1. Access the
    Create Custom Metric
     task.
  2. Specify basic metric information:
    Option Description
    Metric Set
    Select the metric set to associate with the custom metric. The metric set defines the organization type, fiscal schedule, and other configurations.
    Metric
    Enter a custom metric name.
    Workday Metric Calculation Name
    Select the Workday-defined metric calculation.
  3. On the
    Edit Custom Metric
     page, configure the metric on these tabs:
    Option Description
    Metric Source
    In the
    Actual Amount
     field, select
    Workday Algorithm
    .
    Optionally, specify whether to track target and benchmark amounts.
    Calculation Configuration
    Customize the metric calculation to meet your needs. The available options vary by metric type. Not all delivered metric calculations are configurable.
    Thresholds
    Create thresholds and limits that determine the metric status displayed on the scorecard.
    About This Metric
    Enter a description that helps scorecard users understand how to interpret the metric. The description displays when you hover over the metric value on the scorecard. You can also provide links to standard or custom reports as drill-to reports.
    Recommended Actions
    Specify actions that business leaders can take when the metric status is Bad, Warning, or Good. The recommended actions display on all scorecards that include the metric, whereas the comments added by scorecard reviewers are specific to a particular organization and time period.
  • Create composite reports to display the metrics on a scorecard dashboard.
  • Update the metrics for each scorecard period by following these steps:
    • Initialize and calculate metric values.
    • Optionally, review metrics and add explanatory comments for scorecard users.
    • Publish the metric values.