Core HCM Concepts

• Business Process (BP): A defined sequence of tasks or steps within Workday that accomplish a specific business goal (e.g., hiring an employee, processing a promotion, submitting time off).
• HCM (Human Capital Management): The comprehensive set of practices for managing an organization’s workforce. Workday HCM offers a unified system to manage core HR functions, talent management, payroll, time tracking, benefits, and more.
• Security Roles: Determine what data and actions users can access and perform within Workday.
• Supervisory Organization: The hierarchical structure of an organization that defines reporting lines and management relationships.
• Worker: An individual associated with the company, including employees (both active and terminated), contingent workers, and other affiliated persons.
• Worktags: Labels that provide additional context or categorization beyond standard accounting dimensions. They are crucial for reporting and tracking information (e.g., cost center, project, grant, location).

Key Functionality Areas

• Benefits: The suite of benefits offerings an organization provides to employees, including health insurance, retirement plans, paid time off, and more.
• Compensation: The management of employee pay, including salary, bonuses, stock options, and other forms of remuneration.
• Payroll: The process of calculating and disbursing employee wages, salaries, and corresponding taxes and deductions.
• Recruiting: The process of attracting, sourcing, interviewing, and hiring new employees.
• Talent Management: Activities focused on developing, engaging, and retaining employees, including performance management, succession planning, and learning opportunities.
• Time Tracking: Recording and managing employee work hours, including attendance, absences, overtime, and various leave types.

Workday-Specific Terms

• Effective Date: The specific date that a change takes effect in Workday (e.g., the start date of a new position, a salary change).
• FDM (Foundation Data Model): The core data structure within Workday that provides a consistent way to organize and classify HCM, financial, and operational data.
• Functional Area: A grouping of related business processes and security policies within Workday (e.g., Compensation, Benefits, Absence).
• Inbox: Where tasks or actions requiring your attention appear in Workday.
• Tenant: A self-contained instance of Workday, specific to an organization.

Examples of Glossary Entries

• Job Profile: A template that defines the key elements of a job, including required skills, qualifications, responsibilities, and compensation ranges.
• Position: An individual vacancy within a supervisory organization that can be filled by a worker.
• Contingent Worker: An individual engaged by the organization on a temporary or contract basis (not a regular employee).