What is a calculated field in Workday?

A calculated field in Workday is a powerful feature that enables users to create custom metrics and expressions tailored to their specific reporting or business needs. This allows organizations to derive meaningful insights from their data by performing calculations and logical operations on existing fields within Workday.

For example, a calculated field might be used to determine an employee's total compensation by summing various components like base pay, bonuses, and overtime. Such customization enhances reporting capabilities and decision-making, as it allows users to analyze data in a way that best suits their requirements.

In contrast, other options do not accurately describe calculated fields. For instance, storing user access levels, providing summaries of user activity, or serving as placeholders for temporary data entries do not reflect the primary function of calculated fields which is to compute and represent custom formulas and metrics dynamically based on the data within Workday.