Workday IPO Review and Analysis

Workday's IPO and How it Impacts HR & Payroll Competitiveness

In this HCM.tv video blog post, Chuck examines how the Workday Initial Public Offering (IPO) will impact Workday’s HCM software development and global expansion, including new efforts in both the payroll and HR software application and Financials application. Despite analyst predictions that Workday is not about to make company acquisitions with its new IPO proceeds, Chuck thinks otherwise, and also notes that Workday’s talent management software is not keeping up with HCM competitors such as IBM Kenexa, Oracle Taleo and SAP SuccessFactors, and therefore should receive new investment to advance this portion of the HCM software suite. The Workday IPO will fuel Workday’s already impressive growth, but put into perspective, Workday’s payroll and HR software market share is a small 3.5 percent when compared to Oracle’s 12.4 percent and SAP’s 17.4 percent. Nonetheless, the Workday IPO is one more milestone which reinforces Workday’s position on many HR and payroll software selection shortlists. Payroll software buyers may also be interested in the independently produced Workday Payroll Review report.

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