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How to create cost Center in Workday?

What is Cost Center? In human resources, a cost center refers to a specific department or function within an organization that incurs expenses related to employee salaries, benefits, training, and other HR-related costs, without directly generating revenue. For instance, the recruitment department invests in sourcing candidates, conducting interviews, and onboarding new hires, all contributing to organizational growth but not resulting in immediate revenue. Cost centers in HR are essential for budgeting, resource allocation, and performance evaluation, enabling organizations to efficiently manage their human capital and support strategic objectives." #workdaycourse #hrtraining #workdaycertification #workdayhcmtraining #workdayhcm #workdayforbeginers #cloudapplication #hrdevelopment #costcenter #ERPtraining #sap #oracle #peoplesoft