ISPICKVAL with Custom Label

Question

I'm trying to use a the ISPICKVAL in a formula with a Custom Label:

ISPICKVAL(Type, $Label.Business_Type)

I get an error:

Error: Incorrect parameter type for function 'ISPICKVAL()'. Expected Text Literal, received Text

It really seems like this should work?! Is there any workaround?

Answer 1

After some digging I found the (obvious) solution:

TEXT(MyPickList_Field__c) == $Label.MyCustomLabel