True or False: Workers are grouped into benefit groups for eligibility, processing, and reporting.

The statement is true because benefit groups in Workday serve as a crucial organization system for managing employee benefits. By categorizing workers into benefit groups, organizations can effectively determine eligibility for various benefits, ensuring that the right employees gain access to the appropriate programs. This grouping is not only essential for eligibility but also plays a significant role in processing benefits, as it streamlines the administration of benefits plans based on the specific characteristics and needs of each group. Furthermore, benefit groups facilitate accurate reporting, allowing organizations to assess their benefits usage and make informed decisions based on the data collected from these groups. Overall, grouping workers into benefit groups enhances efficiency and ensures compliance with organizational policies and legal requirements.