What are the three different types of coverage targets provided by Workday?

The choice of healthcare, insurance, and additional benefits as the three different types of coverage targets provided by Workday is appropriate because it encompasses the primary areas of benefits that organizations typically offer to their employees.

Healthcare refers to the medical coverage options that allow employees to access medical services, which is fundamental in any benefits package. Insurance usually captures a broader category that can include life insurance, disability insurance, and other forms of financial protection for employees and their families. Additional benefits can cover a range of extra offerings such as wellness programs, flexible spending accounts, or supplemental insurance, enhancing the overall attractiveness of the benefits package.

This classification is aligned with the comprehensive approach that Workday takes in managing employee benefits, focusing on major facets that are critical for employee well-being and financial security. By categorizing these as coverage targets, Workday allows organizations to clearly delineate the support they are providing to employees in different areas of their lives.