Workday and Compa Partner to Revolutionize Compensation with Real-Time Data
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) e Compa hanno annunciato una partnership per integrare dati di mercato sui compensi in tempo reale direttamente nella piattaforma Workday. Questa integrazione mira a sostituire i tradizionali sondaggi annuali sui compensi con informazioni di mercato aggiornate, consentendo alle aziende di prendere decisioni di assunzione più competitive. La partnership aiuterà le organizzazioni a creare offerte di lavoro che attraggono i talenti, migliorare le strategie di mobilità interna e promuovere l'equità salariale. L'integrazione sarà disponibile per i clienti Workday HCM nel 2025 senza costi aggiuntivi.
Workday (NASDAQ: WDAY) y Compa anunciaron una asociación para integrar datos de mercado de compensación en tiempo real directamente en la plataforma Workday. Esta integración tiene como objetivo reemplazar las tradicionales encuestas anuales de compensación con información de mercado actualizada, permitiendo a las empresas tomar decisiones de contratación más competitivas. La asociación ayudará a las organizaciones a crear ofertas de trabajo que atraigan talento, mejorar las estrategias de movilidad interna y promover la equidad salarial. La integración estará disponible para los clientes de Workday HCM en 2025 sin costo adicional.
워크데이 (NASDAQ: WDAY)와 컴파가 워크데이 플랫폼에 실시간 보상 시장 데이터를 통합하기 위한 파트너십을 발표했습니다. 이 통합은 전통적인 연간 보상 설문조사를 최신 시장 정보로 대체하여 기업이 보다 경쟁력 있는 채용 결정을 내릴 수 있도록 하는 것을 목표로 합니다. 이 파트너십은 조직이 인재를 유치할 수 있는 구직 제안을 작성하고, 내부 이동 전략을 개선하며, 급여 평등을 촉진하는 데 도움을 줄 것입니다. 이 통합은 2025년에 워크데이 HCM 고객을 위해 제공될 예정입니다 추가 비용 없이.
Workday (NASDAQ: WDAY) et Compa ont annoncé un partenariat pour intégrer des données du marché des rémunérations en temps réel directement dans la plateforme Workday. Cette intégration vise à remplacer les enquêtes annuelles sur les rémunérations par des informations de marché à jour, permettant aux entreprises de prendre des décisions d'embauche plus compétitives. Le partenariat aidera les organisations à créer des offres d'emploi attractives, à améliorer les stratégies de mobilité interne et à promouvoir l'équité salariale. L'intégration sera disponible pour les clients de Workday HCM en 2025 sans coût supplémentaire.
Workday (NASDAQ: WDAY) und Compa haben eine Partnerschaft angekündigt, um Echtzeit-Daten zum Vergütungsmarkt direkt in die Workday-Plattform zu integrieren. Diese Integration zielt darauf ab, traditionelle jährliche Vergütungsumfragen durch aktuelle Marktinformationen zu ersetzen, damit Unternehmen wettbewerbsfähigere Einstellungsentscheidungen treffen können. Die Partnerschaft wird Organisationen helfen, ansprechende Stellenangebote zu erstellen, interne Mobilitätsstrategien zu verbessern und Lohngerechtigkeit zu fördern. Die Integration wird 2025 für Kunden von Workday HCM verfügbar sein ohne zusätzliche Kosten.
- Integration offered at no additional cost to existing Workday HCM customers
- Partnership enhances Workday's product offering with real-time compensation data
- Potential to improve customer retention by adding valuable feature to existing platform
- Integration not available until 2025, potentially leaving customers without this capability for over a year
Insights
This partnership represents a strategic enhancement to Workday's HCM platform, addressing a critical pain point in compensation management. The integration of real-time market data will significantly improve the competitive positioning of Workday's offering in the HR tech space. By replacing traditional annual compensation surveys with dynamic data, this solution tackles the persistent challenge of salary benchmarking in a volatile job market.
The zero additional cost model for existing Workday HCM customers is particularly noteworthy, as it adds substantial value to the platform without increasing customer costs. This could help drive adoption and potentially increase Workday's customer retention rates. However, the 2025 availability timeline suggests a relatively long runway before any material impact on Workday's financials.
The technical integration of Compa's real-time compensation data directly into Workday's workflow represents a significant advancement in HR technology. This seamless data integration addresses three critical areas: offer management, internal mobility and pay equity. The solution's ability to provide contextual market data at the point of decision-making could reduce compensation-related friction in hiring processes and internal promotions.
Most importantly, this partnership positions Workday ahead of competitors in the increasingly important domain of pay transparency and equity. As more jurisdictions implement pay transparency laws, having real-time market data integrated into core HR systems becomes increasingly valuable for compliance and strategic workforce planning.
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
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
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.
FAQ
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