Google Calendar is the leading solution for workplace calendar management, largely because of its sharing features.
You can invite coworkers, friends, or family to any event by simply attaching their email address in the "guests" bar highlighted above. If they also happen to use Google calendars, accepting the invite will cause your event populate their calendar as well.
The service also allows users to invite anyone (even those without a G Suite account) to view or edit entire calendars, as well as create shared calendars that multiple people can view and edit from their own devices.
For example, I have a shared calendar that my significant other and I can both view and add events to. This way, we can keep track of our plans together more efficiently. Similarly, Business Insider has an internal calendar that any employee can use to see when their coworkers will be out of the office, as well as add their own vacation time to the schedule. The same system works for both small groups and massive companies.