What are 'Calculated Fields' and their security implications in Workday?

Calculated Fields in Workday are custom fields that derive their values from existing data within the system and are designed to provide dynamic insights and calculations based on this data. The security implications associated with these fields are significant; each calculated field can be assigned specific security settings that determine which users or roles have visibility to them. This ensures sensitive information is protected and only accessible to authorized personnel, thereby maintaining data integrity and compliance with privacy regulations.

By utilizing these specific security settings, organizations have the flexibility to tailor access to critical information, ensuring that only the relevant stakeholders can view or utilize calculated data for their functions. Hence, this capability enhances security by limiting exposure to data that may not be suitable for all users within the organization. This careful design allows for a comprehensive approach to both functionality and security in the management of data within Workday.