Need help automating expiration date to change status value, workflow not working

Hi everyone,

I need to create an automation where the value of a custom field (Expiration Date) changes the value of another custom field (Status) from Active to Expired.
I’ve read the documentation and created a workflow, but it’s not working.

My settings for the workflow are as follow:

WorkFlow Module: Contacts
Status: Active
Run: Always
Run On: All Records

Module: Contacts
Field: Expiration Date
Operator: Less Than
Type: Date
Value: Today

Select Action: Modify Record
Record Type: Contacts
Fields: Status -> Value -> Expired

Can you please assist me with this?