Enterprise Update: Workday 2024 Jobs Report

The importance of having the right enterprise resource planning (ERP) system for your company couldn’t be clearer. While these systems are highly advanced, they need talented technology experts and project solutions to support their ever-changing needs, implementations, or upgrades. Today, we will focus on Workday hiring trends, statistics, and market insights for the Workday sector.?

AI Integration and Innovation?

Following the highly anticipated Workday Rising 2024 conference, several key developments have emerged, particularly around AI integration and job market trends. These insights provide a comprehensive look at how Workday is shaping the future of enterprise technology and the workforce.??

Workday is heavily investing in AI technology to transform HR and finance processes. At Workday Rising 2024, the company unveiled its next-generation AI platform, Workday Illuminate, setting the stage for a more efficient, AI-driven enterprise landscape (PR Newswire ).?

Key features of Workday Illuminate Include:

• Acceleration of manual tasks using generative AI
• Real-time AI assistance via the Workday Assistant
• AI-powered agents to enhance business processes

The company also announced plans to introduce several AI agents such as Recruiter, Expenses, Succession, and Workday Optimize Agents to streamline workflows and boost productivity across organizations (Workday ).??

Job Market Trends?

The Workday Global Workforce Report for the first half of 2024 presents crucial insights into the current job market landscape:?

• Job applications increased by 31%, compared to the first half of 2023
• Job openings grew by 7%, indicating a slight expansion in available roles
• The surge in applications far outpaces job growth, reflecting a tightening job market
• 72% of business leaders are raising the bar for qualifications and experience
• 77% of organizations plan to increase their use of AI in hiring processes over the next year

These trends highlight the growing competition for roles and the shift toward leveraging AI in recruitment (Workday ).?

Financial Performance?

Workday is updating its guidance for the fiscal 2025 year ending January 31, 2025 as follows:

• Subscription revenue between $7.700 billion to $7.725 billion, representing growth of approximately 17%
• Non-GAAP operating margin of 25.25%

Workday’s fiscal 2025 third quarter guidance for 2025 ending October 31, 2024 as follows:

• Subscription revenue of $1.955 billion, representing growth of 16%
• Non-GAAP operating margin of 25.25% (Workday ).

Future Outlook?

Looking ahead, Workday continues to position itself as a leader in AI-driven enterprise solutions. The company is building a robust three-year AI roadmap with the following priorities:?

• Integration of AI agents with partners like Salesforce??

• Leveraging the world’s largest HR and finance dataset through Workday Illuminate to drive enterprise transformation?

These initiatives are expected to bring sweeping changes to how businesses operate, with AI playing an increasingly central role (Workday ).??

Workday Rising 2024 Recap?

This year’s Workday Rising theme, “Forever Forward,” emphasized adapting to constant change in the business world. CEO Carl Eschenbach described the current period as the “Age of AI,” highlighting Workday’s move from technology supporting people to technology working for people. This shift is revolutionizing hiring, onboarding, and financial systems. Read the full recap here. ??

Key Findings??

• Contract placements dominated with 98% of all roles over the past year, while permanent placements were at 2%.?
• Remote positions accounted for 97% of placements, while in-office roles were just 3%.?

Top 5 Workday Jobs in 2023-2024:

• Workday Integration Consultant
• Workday HCM Lead
• Workday Financial Reporting (FINS)
• Workday Benefits Consultant
• Workday Payroll Specialist

These roles highlight the increasing demand for specialized skills within the Workday ecosystem, with contract and remote work continuing to dominate the landscape.?

Job Orders Over the Past Year?

“The demand for specialized Workday talent continues to rise as companies increasingly embrace AI-driven solutions to streamline HR and finance operations. The insights from this report reinforce that while job openings are growing, the competition for these roles is fierce, particularly in a market where AI skills are becoming essential. At Planet Technology, we are committed to connecting top-tier talent with the evolving needs of the enterprise landscape, ensuring that organizations are equipped to thrive in this new era of technological innovation.” – President, Christine Belmonte

The Enterprise Update: Workday Jobs Report offers a comprehensive overview of the latest developments from Workday Rising 2024, highlighting the company’s strides in AI integration, particularly through the launch of Workday Illuminate. The report underscores the tightening job market, with job applications surging by 31% and businesses increasingly prioritizing AI-driven hiring processes. The report also highlights the high demand for specialized Workday roles, with contract and remote placements dominating the job market.?

As Workday’s first Global Staffing and AMS Partner in North America and Europe, Planet Technology is uniquely positioned to provide rapid staffing solutions and streamline operations. Whether it’s quickly filling roles with our nearshore capabilities or driving complex projects with a focus on efficiency and innovation, we’re here to keep businesses moving forward.?If you would like to learn more, contact us today .??

About Planet Technology?

Planet Technology, part of The Planet Group, is an award-winning Technology search and staffing firm. Our Enterprise Systems practice has the technology experts for your projects including Workday, EHR, ERP, SAP, Oracle, Big Data, Advanced Analytics, Cloud, and LIMS. We help systems integrators and end users find the right people for the right projects – every time. We recruit full Enterprise teams to help companies upgrade systems or expedite projects. Whether you are hiring for a specific role or need a team to accomplish a project,?Planet Technology ?is your single source solution to fulfill your Enterprise System talent needs.?

Photo Credit: Canva ?