Working at Workday Singapore: Culture, Benefits, and Leadership

22/12/2023 06:48 AM

Workday is a top provider of enterprise cloud applications for finance and human resources, enabling organizations to thrive in the evolving world. Trusted by over 10,000 organizations worldwide, from medium-sized enterprises to over half of the Fortune 500 companies, Workday is a key player in shaping the future of work. Aniday provides insights on Workday Singapore, covering Company History, Culture, Benefits, and Leadership.

General Information

Workday, Inc. is an American cloud-based software vendor offering financial management, human capital management, and student information systems. Founded by David Duffield and Aneel Bhusri, it went public in 2012 with a valuation of $9.5 billion. Competitors include SAP SuccessFactors, Ceridian, and Oracle.

In 2020, Fortune ranked Workday fifth on its list of Top 100 Companies to Work For, and it was also recognized by the San Francisco Business Times as the second-best workplace in the Bay Area among large companies.

History

2005 - 2015: Foundation and Growth

Founding and Launch (2005 - 2006):

Workday's Inception: Founded in March 2005, and officially launched in November 2006.
Initial Funding: Secured initial funding from founder Dave Duffield and Greylock Partners.
Headquarters Move and Strategic Moves (2008):
Relocation: Moved headquarters from Walnut Creek, California, to Pleasanton, California in December 2008.
Acquisitions and Contracts: Acquired Cape Clear Software in 2008, and signed significant contracts including Flextronics.

Financial Milestones (2009 - 2012):

Funding Rounds: Secured $75 million in April 2009, followed by an additional $85 million in October 2011, reaching $250 million raised.
IPO Success: Successfully launched an IPO on the New York Stock Exchange in October 2012, raising $637 million.

Market Presence and Clientele (2012 - 2015):

Client Expansion: Publicly disclosed contracts and deployments with notable companies like Aviva, Chiquita Brands, etc.
Customer Base: By spring 2012, Workday had 310 customers, including mid-sized businesses and Fortune 500 companies.

2015 - Present: Diversification and Transition

Product and Acquisition (2016 - 2018):

Portfolio Expansion: Introduced a cloud-based Student Information System in 2016, complementing financial and human capital management.
Strategic Acquisition: Acquired Stories.bi in 2018, founded by Filip Doušek.

Strategic Moves and Future Transition (2021 - 2023):

Strategic Acquisition: November 2021 saw the acquisition of VNDLY, focused on managing external workforce personnel, for $510 million.
Leadership Evolution: Sequoia Capital's Carl Eschenbach took over as co-CEO in December 2022.
Future Transition: Aneel Bhusri is expected to move to the role of executive chair after January 2024, with Eschenbach becoming the sole CEO.

Products

Financial Management
Human Capital Management
Workday Adaptive Planning
Spend Management
Talent Management
Payroll and Workforce Management
Analytics and Reporting
Professional Services Automation
Platform and Product Extensions
Workday Peakon Employee Voice

Company Culture

At Workday, commitment to their core values has been unwavering since day one. These values are more than just words on a page; instead, they manifest in daily actions, propelling a continuous pursuit of improvement across all aspects of their operations.

Employees: As a community of high performers, they bring their best selves to work, fostering an environment where individuals speak up respectfully and strive for continuous improvement.

Customer Service: Their dedication to customer success is relentless, with a constant quest to deliver meaningful value. They uphold the highest standards of customer and user satisfaction in all their endeavors.

Innovation: In a fiercely competitive industry, they embrace innovation with urgency, taking calculated risks and learning from outcomes. Strategic investments are made to scale and provide long-term value.

Integrity: A culture of honesty is diligently built and sustained. Clear expectations, accountability, result measurement, and ownership of outcomes are fundamental to earning trust in their collaborations.

Fun: Believing that work should be enjoyable, they infuse fun into each day, finding inspiration, celebrating victories, and fostering meaningful relationships worldwide.

Profitability: While profitability holds importance, it isn't the sole reason for their existence. Workday exists to inspire a brighter workday for all. By living their values, making informed choices, and prudent spending, profitability naturally follows.

Work Culture

Inclusivity for All: Emphasizing that everyone belongs, Workday values the collective uniqueness of its Workmates, promoting inclusion, belonging, and equity.
Employee-Centric Approach: "Employees first" is not just a mantra but a way of life for Workday. They take pride in being their Workmates' biggest supporters, fostering mutual support and collective victories.
Work-Life Flexibility: Through Flex Work, Workday seamlessly blends in-person and remote work, creating an environment where teams can forge deeper connections, maintain a robust community, and deliver their best work.
Your Voice Matters: Workmates are not just encouraged but empowered to voice their opinions. Workday actively listens to feedback, incorporating valuable suggestions to continually enhance the workplace and inspire the team to develop innovative solutions.

Employee Benefits

Your Health:

Health Insurance covering optical, dental, and health checks
Flexi Programme for flexible benefits
Telemedicine options with WhiteCoat and Teladoc Global
Online Doctor Network for instant remote health advice
Free flu vaccination for all Workmates globally
Wellbeing Subsidy for key expenses like gym memberships
Employee Assistance Programme for 24/7 confidential advice
Maven Menopause program for comprehensive support

Your Protection:

Life Insurance with a lump sum payment
International Travel Insurance via ISOS Emergency Travel Assistance
Employee Relief Fund for financial support during emergencies

Your Time Off:

20 days of paid time off and public holidays
Additional 5 days per year after 10 years of service
Caregiver Leave provides up to 12 weeks of leave
Parental Leave for up to 12 weeks
Compassionate Leave for supporting loved ones
Volunteer Time Off with three days of paid time off

Your Family:

Maternity, Paternity, Surrogacy, Fostering, and Adoption Leave
Maven support for fertility, family planning, and new parenthood
Maven Milk service for breast milk transportation
Maven Parents & Paediatrics program for virtual parenting support
Shelter Pet Subsidy reimbursing adoption fees
Home and Family Services for vetted care service providers
Backup Caregiving Subsidy supporting childcare/eldercare costs

Your Money:

Restricted Stock Units (RSU) for equity options
Employee Stock Purchase Plan (ESPP) with a 15% discount
Carer Subsidy for financial support with caring responsibilities
Bonus & Commission aligning with success at Workday
Workday Deals offering discounts on various goods and services
Free Financial Advice with unlimited access to Certified Financial Advisors and personal financial tools.

Company Leadership

Pannie Sia - General Manager ASEAN: Pannie radiates a positive and proactive attitude, making collaboration with her a delightful experience. She excels in cultivating robust and enduring relationships with clients across diverse sectors. Pannie possesses the ability to swiftly grasp the intricacies of different industries, allowing her to communicate effectively in the same language as her clients.

In Summary

Workday, Inc., a US-based cloud software vendor, offers financial management, human capital management, and student information systems. Founded by David Duffield and Aneel Bhusri, it went public in 2012 with a $9.5 billion valuation. Workday's unwavering commitment to core values drives daily actions and fuels a continuous pursuit of improvement. Aniday has offered insights on Workday Singapore, detailing Company History, Culture, Benefits, and Leadership.