What must users fill in when creating a new company in Workday?

When creating a new company in Workday, it is essential to fill in necessary details that enable the system to manage the company's operations effectively. This includes critical information such as the Tax ID number, which is crucial for compliance with government regulations and tax reporting requirements. This foundational information is required for accounting purposes and is integral to setting up payroll, financial reporting, and regulatory compliance.

While employee job descriptions, annual revenue projections, and market analysis reports might be important for a variety of business functions and planning, they are not mandatory elements required for the initial creation of a company in Workday. The focus during the setup phase is on the essential, legally required information that allows the company to be recognized and function within the Workday system.