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Workday Inc. to expand in UT, add 100s of jobs (SF Gate)

Monday, 12 November 2012 15:40

Original article from sfgate.com

Workday Inc. plans to expand in Utah and add hundreds of new jobs at its downtown Salt Lake City facility, the Governor's Office of Economic Development said.

The facility is expected to add 500 new employees over the 15-year lifetime of the project, the Deseret News reported (http://bit.ly/S9bQRQ).

The Pleasanton, Calif.-based company, which provides remote storage applications for human resources and finance, has more than 1,500 employees worldwide.

Workday's software helps companies keep track of payroll and other human resources functions. It competes with giant corporations in enterprise software like Oracle Corp. and SAP AG.

The economic development office also announced that the Royal Bank of Scotland will expand for a second time in Utah.

Working with the state and Taylorsville, the bank agreed to add 50 new positions to its previous agreement for a total creation of 260 jobs.

All bank positions and all 500 new Workday jobs will pay a minimum of 125 percent of the county's average yearly annual wage, including benefits. The current average annual wage is about $47,000, according to U.S. Department of Labor statistics.

The bank will pay more than $21.1 million in new state taxes and invest more than $2.6 million in capital over the incentive's 15-year lifetime. Workday will pay over $54 million in new state taxes over the 15-year life of the agreement.

Utah will give both companies a 25-percent rebate on state taxes as they add the jobs. Officials say the value of the incentive could be $8.4 million for Workday and $5.3 million for the Royal Bank of Scotland.

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Information from: Deseret News, http://www.deseretnews.com

Read more: http://www.sfgate.com/news/article/Workday-Inc-to-expand-in-UT-add-100s-of-jobs-4026401.php#ixzz2C3DcWXly