Workday provides enterprise cloud applications to manage human resources and related finance tasks, including payroll, benefits administration, and employee tracking. Of the significant Human Capital Management (HCM) platforms, Workday is the most successful. Last year (2020), Workday enjoyed an industry-leading 8.2% of market share.
As a part of Workday’s HCM platform, Workday Recruiting has surged in popularity in recent years, especially with big companies, who need a “global-optimized system with the horsepower to handle mega-high-volume hiring” (source). In 2019, Workday Recruiting was “the most used applicant tracking system (ATS) by Fortune 500 companies.”
Of the companies that use Workday Recruiting, many emphasize the efficiency of the financial software. However, industry experts also see the pros and cons of adding a recruitment system into the larger HR management software context. Some experts note that the Workday Recruitment software requires “additional components to make it work” (source).