FAQs
What is Workday and how does it work?
Workday is a cloud-based software platform designed for human capital management (HCM), financial management, and payroll. It integrates various HR functions such as recruiting, talent management, and workforce planning. Workday operates on a subscription model, allowing businesses to access its features remotely.
Who processes Workday payroll?
Workday payroll can be processed by the internal HR or payroll teams within an organization. Alternatively, some companies may outsource payroll processing to third-party payroll service providers who specialize in using Workday’s payroll module to manage employee compensation, taxes, and other payroll-related tasks.
Is Workday payroll good?
Workday payroll is considered good by many organizations due to its user-friendly interface, comprehensive features, and ability to streamline payroll processes. It offers functionalities for payroll calculation, tax management, compliance, and reporting, which can enhance efficiency and accuracy in payroll processing. However, its suitability may vary depending on the specific needs and size of the organization.