Which of the following best describes Document Types in Workday HCM?

Document Types in Workday HCM are designed to categorize various kinds of documentation that are relevant to employees and their employment lifecycle. This includes contracts, performance reviews, offer letters, and other related documents that require specific handling and management within the system. By organizing these documents into distinct categories, Workday allows for easier access, retrieval, and management, ensuring that all necessary paperwork is accounted for and can be efficiently handled by HR professionals.

The other options do not accurately capture the function of Document Types. Employee roles are related to the structure of organizational staffing rather than specifics about documentation. Managing employee relations pertains more broadly to HR practices rather than direct documentation. Performance ratings, on the other hand, pertain to evaluating employee performance rather than serving as classifications for documents. Thus, the accurate description aligns well with the idea of categorizing different forms of documents essential for managing employee information effectively within the HCM system.