Partnership Will Put Compa's Market
Intelligence Data at the Fingertips of Workday Customers,
Empowering Them to Make Competitive, Data-Driven Hiring Decisions
and Foster Pay Equity
PLEASANTON and NEWPORT BEACH, Calif., Nov. 4, 2024
/PRNewswire/ -- Workday, Inc. (NASDAQ: WDAY), a leading
provider of solutions to help organizations manage their people and
money, and Compa, the leading provider of software-delivered market
data, today announced a partnership to bring Compa's real-time
market intelligence directly into Workday, helping companies make
more informed pay decisions to attract and retain top talent.
Compa's market intelligence will replace yearly compensation
surveys, which can quickly become outdated and inaccurate, making
it difficult for companies to offer competitive compensation
packages. This partnership will give joint customers access to
Compa's real-time compensation data directly in the Workday
platform, helping them make more informed, competitive job
offers.
"In today's competitive labor market, attracting and retaining
top talent is a critical challenge for companies, and access to
real-time compensation data can be a game-changer," said
Cristina Goldt, general manager of
workforce and pay, Workday. "With this partnership, we're
empowering Workday customers to make informed pay decisions that
attract and retain top talent, giving them a strategic edge in the
war for talent."
Through this partnership, organizations will be able to:
- Create talent-winning job offers. HR and hiring managers
can see relevant market data – right in their flow of work – as
they create job offers and review job changes. This not only
enables them to write job offers that get the candidates they want,
but it also reduces the time spent.
- Improve internal mobility strategies. Organizations can
make sure their internal pay for promotions matches what they would
offer new hires, helping them keep their employees engaged and
motivated.
- Promote pay equity. Organizations can leverage current
market data to fairly compensate their employees from day one.
"Companies need new ways to stay competitive in today's tight
market," said Charlie Franklin,
co-founder and chief executive officer, Compa. "Our partnership
with Workday will help organizations make better, faster pay
decisions based on more accurate data."
Availability
Compa's real-time market intelligence
data integration is expected to be available to Workday Human
Capital Management (HCM) customers in 2025. Through this
partnership, joint customers can access this integration at no
additional cost.
For more information:
- To learn more about the partnership, join leaders from Workday
and Compa for a webinar taking place Thursday, November 14 at 11:00am PST. Register for the webinar here.
About Compa
Compa is the leading provider of
software-delivered market data transforming how enterprise
compensation teams access and utilize market data. Its software
automates data participation from HCM, ATS, and Stock admin
systems, eliminating manual submissions and providing up-to-date
benchmarks for cash, stock, offer data, and skills-based
compensation. With industry-leading privacy standards and precise
Multisource Matching, Compa empowers compensation professionals to
make strategic decisions confidently. Stay ahead of market trends
and experience the future of compensation intelligence with
Compa.
About Workday
Workday is a leading enterprise
platform that helps organizations manage their most important
assets – their people and money. The Workday platform is
built with AI at the core to help customers elevate people,
supercharge work, and move their business forever forward. Workday
is used by more than 10,500 organizations around the world and
across industries – from medium-sized businesses to more than 60%
of the Fortune 500. For more information about Workday, visit
workday.com.
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 most recent report on Form 10-Q
or Form 10-K and other reports that we have filed 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, except as required by law.
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.