Workday, Inc is a public company of American origin that was founded in the year 2005 by its co-founders Aneel Bhusri and Dave Duffield. The company serves a worldwide area with headquarters based at Pleasanton, California in the United States.
The company posted its revenues and total assets at 2.14 billion US dollars and 4.95 billion US dollars respectively in the fiscal year 2018. It has been ranked at a fifth position by Fortune magazine on Fortune List of the Top 100 Companies to Work for in 2020.
Workday is cloud-based software associated with cloud computing, human capital management, student administration, payroll and financial management industry. It is a planning tool that is meant for large as well as medium enterprises.
Important features include global compliance, workforce scorecard, audit and internal controls, seamless integration with numerous business systems and apps, integration of finance and HR, talent management, reporting and analytics, benefits and compensation, curated experience for each user, talent marketplace and LMS.
The company generates revenues by selling subscriptions and not the software outright. It has entered the PaaS market to create custom applications, adopted AWS cloud as its testing as well as a development platform and released thirty-two updates of its product line by 2019.
The HR software market is booming as organizations have realised the benefits offered by quality software platforms. Workday has been the undisputed leader in the HCM pack no doubt but the fact of the matter is that it is not perfect for every type of company as it does not work for everyone.
Let’s have a look at Workday competitors that have some of the most astounding features and pricing plans.
1. SAP SuccessFactors
SAP SuccessFactors is an American origin company that was founded in the year 2001 by its co-founders Aaron Au and Lars Dalgaard. The company serves a worldwide area with headquarters based at South San Francisco, California in the United States.
Since February 2012, it acts as a subsidiary of its parent company SAP SE and has more than one hundred million users and six thousand and four hundred customers involved in sixty industries and spread over one hundred countries.
SAP SuccessFactors is associated with the computer software industry and is one of the topmost vendors in talent management software and cloud-based HCM services.
The HCM Suite is created for medium and small businesses and with help of the SaaS model handles important functions like attendance management, payroll and Onboarding so that the new employees can integrate easily into the unfamiliar system.
It is built for multinational workforces in global companies and offers support to multiple tax systems, currencies and languages.
SAP SuccessFactors is one of strongest Workday competitors in the HCM industry. Its talent management features for performance compensation, learning/development and managing recruiting have elevated its position to the top.
The workforce planning and analytics tool even assist in forecasting future needs so that the organization can plan accordingly.
2. Zoho People Plus
Zoho People Plus as the name suggests is one of the top software from the highly reputed brand Zoho. It offers some of the best digital HR experiences and effectively manages the entire lifecycle of the employees on a single integrated platform. It is possible to build personal workflows as well as customized services and connect performance tracking with timesheets.
The pricing plan of Zoho People Plus includes 10.00 Euros if billed monthly and 8 Euros per month if billed annually. IT also offers a 15 day trial for free to users so that they can determine its usability for their organization beforehand.
The software ensures a smooth, safe and secure experience. Important features include time and attendance management, HR analytics, HR process automation, performance management, corporate LMS, timesheets, time-off management, attendance tracker, employee Onboarding and employee database management.
It also offers self-service options so that the employees can access the help desk, time-off requests, travel request, and internal collaboration. The add-on AI tool Zia can be purchased to build approval processes, set reminders and plan events,
3. Oracle HCM Cloud
Oracle HCM Cloud has been developed by its owner company Oracle Corporation. It was initially released in October 2011 and had a stable release in August 2017. It is a cloud-based application suite with a Proprietary license.
The software was released as a module of Oracle Fusion applications to support CRM, HCM cloud application, SCM, Project Portfolio Management, Procurement, Risk and Compliance, Governance, and Financials.
Oracle is one of the major software companies in the world and is a top Workday competitor that competes in HCM segment through its exclusive and high-end software solutions.
Both the companies offer near about similar standard HR software features and talent management features like learning and performance, recruiting and workforce planning. The HCM cloud is created for large companies located all over the world however it also supports local compliance needs in various countries.
The HCM Cloud Suite has a distinct place of its own in the industry because of The Oracle Work Life Solutions. It is a high-end work-life module specially designed to boost employee engagement and productivity by integrating both the personal and professional life of the workforce.
BambooHR is one of the best Workday competitors because of high capabilities and great performance. It has a modern interface and open API that assist in stand-out reporting capabilities, benefits management and expense tracking.
There is a free trial to know about its suitability for a specific business. The company has two paid plans Essential and Advantage and offers discounts based on additional features and the number of employees managed.
The software is meant for growing companies as it can track performances and is also best for remote teams as it offers mobile apps that can work along with all the popular and major operating systems. It is easy to migrate data from the spreadsheets to HRIS.
BambooHR has a functionality suite that includes personal data modules, tracking capabilities and HR functions. It provides end-to-end solutions for workforce management.
Important features include centralized employee database, smart reminders, employee Onboarding, absence management, G Suite, SSL security, goal setting, employee portal, email reminders and invitations, bonus management; secure data storage, multi-language, application management and employee lifecycle.
Gusto is an American origin private company that was founded in the year 2011. The company serves all fifty states in the United States. It offers cloud-based human resource management or HRM software along with benefits and payroll.
It even handles payments to both contractors and employees along with paperwork (electronically) to help clients comply with immigration, labour and tax laws.
GustoHR is meant for small business entities as well as organizations that use contractors. Its core product is payroll processing and also offers vision insurance, dental insurance and health insurance to its employees. The software also supports the 529 college savings plan and 401(k) plans. The company provides employee benefit products via third-parties.
Important features of the Workday competitor includes innovative technology, expert support, employee profiles and record, auto-sync with payroll, Onboarding and collaboration, signing contracts and forms online, integrations, managed time-off, end-to-end payroll management, team visuals and reporting structures and HR advisory on-demand.
GustoHR offers a free trial and three paid plans Core plan, Complete plan and Concierge plan at 45 dollars per month, 51 dollars per month and 161 dollars per month respectively.
6. Epicor HCM
Epicor Software Corporation is a private company of American origin that was founded in the year 1972. The company serves with headquarters based at Austin, Texas in the United States. It acts as a subsidiary of its owner company KKR.
Epicor is a global company associated with business software and products aimed at distribution, retail, manufacturing and services industries. It offers software related to HCM or human capital management, SCM or supplies chain management and ERP or enterprise resource planning to business customers in On-premises, hosted, cloud-based and SaaS models.
The Epicor HCM solution is very flexible and provides self-service HR for candidates and employees which keeps employees engaged and improves communication.
It is thus possible for candidates to view the status of their application and employees to check their time-off, benefits etc. The software encourages employees to take ownership of their professional careers and measure achievements to improve retention and satisfaction.
7. Infor CloudSuite HCM
Infor is a private company of American origin that was founded in the year 2002. The company serves a worldwide area with headquarters based at New York City in the United States. Since 4th February 2020, it acts as a standalone subsidiary of its owner company Koch Industries. Infor has managed to extend its global reach with sixty-eight thousand customers to one hundred and seventy countries.
Infor is associated with enterprise software and has put its onus on business applications delivered through CCaaS. The company deploys its cloud applications via Amazon Web Services or AWS and some other open-source platforms.
Infor CloudSuite HCM as the name suggests is a cloud-based solution that includes talent management as well as HR capabilities like time management, benefits, payroll, workforce management and analytics. The platform provides advanced talent management features for instance goal setting, succession planning, learning/development and performance management to plan long-term HR strategies.
The workday competitor also offers an analytics bundle including BI capabilities without switching applications that can find insights into staffing effectiveness, labour productivity and quality measures.
Monday.com is a private company that was founded in the year 2012 by its founders Eran Zinman and Roy Mann.
The company serves with headquarters based at Tel Aviv, Israel. It acts as a subsidiary of its owner company Monday.com ltd and has managed to extend its global reach to two hundred vertical markets. It serves estimated one lakh organizations including non-technical organizations.
Monday.com is a work operating system that assists in building custom work-flow apps to run everyday work, processes and projects. It is a motivational and collaborative tool for multiple employees with a customizable interface that is simple to use. The software easily integrates with Google Drive, Dropbox etc.
Important features of the Workday competitor includes email notifications, tagging people, easy communication, zero emails and meetings overhead, Onboarding, auto-generated and completely searchable knowledge base, eliminating noise and email updates. The platform manages to keep all the departments on the same page.
Monday.com offers a free trial to interested parties along with four paid plans that include Basic plan, Standard plan and Pro plan at 39 dollars per month, 49 dollars per month and 79 dollars per month respectively and an Enterprise plan which is variable and dependent upon the upgrades and needs of the customers.
OnPay is a cloud-based application meant for medium and small business enterprises. The platform has designed an effective payroll system that includes an auto-tax calculation feature for seamless payments and dues.
It guarantees promptness and accuracy so that the chance of error or miscalculation is slim-to-none. The payroll service helps the organizations to pay their workforce via direct deposit or check from the platform itself.
OnPay is considered a strong Workday competitor and has several tools for incorporating benefits. It offers a visual workplace where it is easy to assess the individual work performance of every employee and track the time spent on tasks. The platform provides its users’ templates that can be tailored to meet the specific processes and requirements of an organization.
Important features of OnPay include unlimited pay runs, automatic reporting of a new hire, guarantee of an error-free transaction, Benefits and HR, full-service payroll, pay via debit card, pay via direct deposit, print checks on-site, automatic tax payments, automatic tax fillings, no charge for cancellations, self-Onboarding of employees, export payroll data, lifetime accounts for employees, time off-tracking, customized payroll reports, free data migration and expert help.
The pricing plan of OnPay includes a free trial and a Basic plan of 40 dollars per month. Each user or contractor that you add will increase the plan with 4 dollars per month.
The above-mentioned Workday competitors have been selected based on several factors like intuitive interface, scalability and affordability. Every one of them offers some of the best features that you might be looking for. Choose the one you think will prove beneficial and help your company to remain on the top.