Workday, Inc. - WDAY STOCK NEWS

Workday (NASDAQ: WDAY) and Compa announced a partnership to integrate real-time compensation market data directly into the Workday platform. This integration aims to replace traditional yearly compensation surveys with up-to-date market intelligence, enabling companies to make more competitive hiring decisions. The partnership will help organizations create talent-winning job offers, improve internal mobility strategies, and promote pay equity. The integration will be available to Workday HCM customers in 2025 at no additional cost.

Workday (NASDAQ: WDAY) has scheduled the announcement of its fiscal 2025 third quarter financial results for Tuesday, November 26, 2024, after market close. The company will host a conference call at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time to discuss financial results and business outlook. A live webcast will be accessible on the Workday Investor Relations site, with the replay available for at least 90 days following the call.

Workday (NASDAQ: WDAY) announces significant expansion in the U.S. public sector market with multiple new city and county government customers. The company's AI-powered platform is being adopted by local governments including Cleveland, Galveston, Missoula, Milwaukee, and North Las Vegas to modernize their workforce management and financial operations. Existing customers like Arlington, Baltimore, and Salt Lake City have expanded their Workday solutions.

The platform addresses critical challenges in public sector administration, including workforce recruitment (with 81% of state and local governments actively hiring), retirement management, and data-driven financial decision-making. Through solutions like Workday Human Capital Management, Peakon Employee Voice, and VIBE™, customers can streamline hiring processes and strengthen employee retention.

Workday (NASDAQ: WDAY) has been named a Leader in the 2024 Gartner Magic Quadrant for Cloud HCM Suites for the ninth consecutive year, positioning highest for Ability to Execute. The company's HCM solution, currently used by over 5,525 organizations, is powered by Workday Illuminate™, their next-generation AI technology built on the world's largest HR and finance dataset. The platform enables organizations to transform work processes with AI, adopt comprehensive workforce strategies, and scale innovation through partnerships. Key features include AI-powered task acceleration, total workforce management integration through Workday VNDLY, and platform extensibility through partnerships with companies like Equifax, Kainos, and Salesforce.

Workday (NASDAQ: WDAY) announced that 28 higher education institutions have implemented Workday Student in 2024, including Iowa State University and Wake Forest University. The platform has managed over 3 million student records, 1.5 million ISIRs, and 3.5 million admissions applications since 2018.

The system integrates with Workday's Financial Management, HCM, Adaptive Planning, and Grants Management solutions, providing real-time insights into academic and administrative operations. Enhanced by Workday Illuminate™, the platform's AI capabilities help streamline administrative tasks and support student success through mobile self-service tools for course registration, financial aid management, and academic tracking.

Grant Thornton, a leading provider of audit, assurance, tax, and advisory services, has appointed Greg Davis to lead its Workday practice. The firm has also added Andrew (Drew) Houts to enhance its Workday leadership team. Grant Thornton became a Workday Services Partner in 2023, building on its success in deploying the Workday platform for clients since 2019.

Davis, with over 27 years of consulting experience, will ensure Grant Thornton delivers services to help clients successfully adopt Workday solutions. Houts, a managing director in the Technology Modernization practice, brings nearly a decade of Workday ecosystem leadership experience to help grow the practice.

This expansion of the Workday practice leadership team aims to strengthen Grant Thornton's ability to help clients scale, increase profits, and navigate changing business landscapes using Workday's cloud platform for finance and human resources.

Evisort, a Workday company specializing in AI for contract lifecycle management (CLM), has been recognized as a Visionary in the 2024 Gartner® Magic Quadrant™ for Contract Life Cycle Management for the third consecutive year. The company recently became the first CLM provider to receive ISO 42001 certification for responsible AI development and use. Evisort has introduced key innovations in the past 12 months, including a dedicated large language model (LLM) and an advanced AI orchestration layer. They also launched Document X-Ray™ and Ask AI, features designed to provide actionable insights from contracts and related documents. The company's recent acquisition by Workday (NASDAQ: WDAY) is expected to enhance its ability to help customers leverage critical business data more effectively within a single system of truth.

Workday's documentary 'UNTAPPED: Closing America's Opportunity Gap' is now streaming on Netflix in the U.S. The film, produced in partnership with SpringHill, follows six young adults through a skills training program with Year Up United, aiming for Fortune 500 internships. It advocates for skills-based hiring practices, focusing on capabilities rather than traditional four-year degrees.

The documentary features insights from industry leaders like GM CEO Mary Barra, JPMorganChase CEO Jamie Dimon, and Walmart CEO Doug McMillon. It highlights the need for inclusive talent strategies, addressing the estimated 87% of companies facing skill gaps and the fact that only 38% of U.S. adults hold four-year degrees.

Workday CEO Carl Eschenbach emphasizes that skills are the modern currency of work, encouraging different paths to successful careers. The film's release coincides with peak hiring months, urging businesses to reassess their workforce strategies and embrace skills-first talent practices.

Workday, Inc. (NASDAQ: WDAY) announced that seven higher education institutions within the University of Arkansas System are now live on Workday Student, with the remaining institutions expected to be live by Spring 2025. This implementation is part of a digital transformation initiative to provide a unified experience for managing academics, employment, finances, and more across 14 campuses.

Key benefits of the Workday Student implementation include:

• Consolidation of over 30 disparate systems into one cloud-based platform
• Self-service capabilities for students to manage courses, financial aid, and more via mobile devices
• Support for common course numbering across 21,000 offerings to facilitate transfers and degree completion
• Real-time insights into registration, curriculum, talent needs, enrollment changes, and financial data

The University of Arkansas System, which enrolls more than 70,000 students and employs nearly 30,000 faculty and staff, aims to improve student engagement and adapt to changing industry needs through this modernization effort.