Workday terminology

Term Definition
Action (or event or task) A transaction (or step in a business process) within Workday that the worker must complete (ex. hire, termination, approve, deny, etc.)
Application A compact report displayed as an icon on your Home page, providing easy access to tasks and information you use on a regular basis. Example: Applications include Pay, Personal Information, Benefits, and Expenses.
Business Process (BP) Set of tasks that need to be completed for an event to occur, the order in which they must be done, and who must do them.
Company Usually represents a legal entity. A company is a type of Workday organization.
Cost Center A unit within an organization to which expenses are charged. This is generally the level at which budgets are created and managed and typically is used to house employee data and their associated costs.
Financial Data Model (FDM) The multi-dimensional structure of Workday accounting and financial reporting. FDM includes, but is not limited to, the current Chart of Accounts. It consists of the data elements that are attached to financial transactions when they are entered or generated that allows retrieval of the data later for reporting purposes.
Functional Area A collection of domain or business process security policies that are related to the same set of product features, for example, Benefits or Compensation.   Example: Workday HCM includes functional areas such as Benefits, Talent & Performance, Absence, and Manager or Employee self-service. Each of the Workday solutions (like Workday HCM and Workday Financial Management) is grouped into distinct functional areas.
Human Capital Management (HCM) Unifies Human Resources, Payroll, Benefits, Talent, Recruiting, Time-tracking, etc. into one system-of-record.
Job Family A grouping of similar job profiles (ex. Information Technology job family has job profiles related to jobs that perform IT related tasks).
Job Profile Characteristics of a job/position such as, pay rate type, qualifications, compensation guide, job description, etc.
Notifications A section for notices of completed business processes.
Project Refers to fiscal activity wherein the scope of work has a defined start and end date. A capital project would be an example of a project.
Supervisory Organization Foundational, hierarchical position-to-position structure. All employees must belong to a supervisory org and each supervisory org must have a manager.
Tenant Instance of Workday shared by all users.
To-Dos Reminders, that appear in the Inbox, to complete parts of the business process before the workflow will go to the next step.
Worktags Keywords assigned to transactions which are used to classify transactions for financial, operational and external reporting.