PLEASANTON, Calif., Oct. 23,
2023 /PRNewswire/ -- Workday, Inc. (NASDAQ:
WDAY), a leader in enterprise cloud applications for
finance and human resources, today announced it has been named
a Leader in the Gartner Magic Quadrant for Cloud HCM Suites for
1,000+ Employee Enterprises*. Workday was recognized as a Leader
for the eighth consecutive year and positioned the highest for
overall Ability to Execute.
As organizations adapt to changing business and workforce
demands, they need a unified HCM system to help make faster, more
informed talent decisions and gain operational efficiency. Nearly
5,000 organizations across the globe, including bp, Nissan, PwC,
PUMA, Southwest Airlines, TaylorMade, Warner Bros. Discovery, and
more use Workday Human Capital Management (HCM) to manage their
workforce, grow and develop talent, and deliver engaging and
personalized employee experiences.
"Workday has been recognized because our innovations offer
customers foundational solutions – recruiting, payroll, learning,
talent optimization, workforce management, and more – in one
unified, cloud-based system that makes it easier to grow and
support a global workforce," said David
Somers, group general manager, office of the chief human
resource officer product, Workday. "Now with Workday AI and our
expanding partner ecosystem, we're making business processes
smoother and helping customers offer more engaging, connected
employee experiences."
With Workday HCM, organizations can:
Create Connected Employee Experiences With AI and ML
AI and ML are embedded into the core of the Workday platform,
enabling the company to rapidly deliver cutting-edge solutions to
customers across all applications. With Workday AI, customers can
deliver personalized content and development opportunities – e.g.
learning, skills, gigs, and more – to employees in a single,
connected experience to help drive engagement, productivity, and
organizational growth.
For example, Workday is making it easier for managers to succeed
by surfacing relevant team information such as team time off,
important dates, sentiment, and more when they need it most.
Manager Insights Hub, a new solution within Workday HCM, leverages
AI to deliver automated insights and timely actions for managers –
right in their natural flow of work – enabling them to create
opportunities for their team's career growth and development.
Workday AI models are fueled by more than 625 billion
transactions processed by the system every year – resulting in the
world's largest, cleanest set of financial and HR data – which
provides the foundation for the models to generate accurate and
trustworthy results so managers can engage their direct reports
with meaningful career conversations.
Drive Workforce Agility at Scale and Accelerate Time to
Value
To keep pace with evolving business and talent demands,
organizations need to understand how to best attract, hire, and
retain top talent while ensuring their workforce plans stay on
target and on budget. With an automated headcount reconciliation
process in Workday Adaptive Planning, users can quickly compare
real-time cost variances between the headcount plan and actual new
hire activity – providing organizations with early visibility into
related forecast adjustments and insights needed to take immediate
action.
Further, cloud transformations can be complex for any
organization, but it's particularly challenging for those companies
that have industry-specific demands and need to account for future
business and workforce growth. To address this, Workday supports
organizations across banking, healthcare, higher education,
insurance, manufacturing, retail, and more by enabling them to
leverage both Workday and partner solutions to help speed their
digital transformation efforts and accelerate time to value.
Reshape the Global Payroll Experience
To help organizations adapt to evolving business and payroll
needs, Workday is strengthening its global payroll strategy by
developing deeper integrations with strategic payroll partners and
delivering new native payroll offerings. With customers live on
Workday Payroll for Australia,
Workday is further empowering them with control, flexibility, and
insight to help support compensation, benefits, and compliance
changes while delivering an exceptional experience for their
employees.
By leveraging the power of a unified data core, Workday is
elevating the value of a payroll solution combined with Workday
HCM, helping customers employ the data used for payroll to inform
the business strategy.
For More Information
- Read the blog, "Workday Named Leader for 8th Consecutive Year
in 2023 Gartner® Magic Quadrant™ for Cloud HCM Suites for 1,000+
Employee Enterprises," by David
Somers, group general manager, office of the chief human
resource officer product, Workday.
- Read a complimentary copy of the Gartner report on the Workday
website.
*Gartner "Magic Quadrant for Cloud HCM Suites for 1,000+
Employee Enterprises," by Ranadip
Chandra, Sam Grinter,
Chris Pang, Jeff Freyermuth, Ron
Hanscome, Helen Poitevin,
John Kostoulas, Emi Chiba, Rania
Stewart, October 18, 2023.
Gartner Disclaimer
Gartner does not endorse any
vendor, product or service depicted in our research publications,
and does not advise technology users to select only those vendors
with the highest ratings or other designation. Gartner research
publications consist of the opinions of Gartner's research
organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with
respect to this research, including any warranties of
merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark, and MAGIC
QUADRANT is a registered trademark of Gartner, Inc. and/or its
affiliates in the U.S. and internationally and are used herein with
permission. All rights reserved.
About Workday
Workday is a leading provider of
enterprise cloud applications for finance and human
resources, helping customers adapt and thrive in a changing world.
Workday applications for financial management, human resources,
planning, spend management, and analytics are built with artificial
intelligence and machine learning at the core to help organizations
around the world embrace the future of work. Workday is used by
more than 10,000 organizations around the world and across
industries – from medium-sized businesses to more than 50% of the
Fortune 500. For more information about Workday,
visit workday.com.
© 2023 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 Form 10-Q for the fiscal quarter
ended July 31, 2023, and other
reports that we have 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.
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.