Compare HRM Direct and Payroll by Wave - Sep 2022

Shlomi Lavi

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Bottom Line: Which is Better - HRM Direct or Payroll by Wave?

HRM Direct is more expensive to implement (TCO) than Payroll by Wave, and HRM Direct is rated higher (82/100) than Payroll by Wave (80/100). HRM Direct offers users more features (10) than Payroll by Wave (8).

Looking for the right Applicant Tracking solution for your business? Buyers are primarily concerned about the real total cost of implementation (TCO), the full list of features, vendor reliability, user reviews, and the pros and cons. In this article we compare between the two software products:

HRM Direct Vs. Wave Accounting

HRM Direct: Founded in Boston, MA in 2004, HRM Direct was the first true on-demand Software-as-a-Service (SaaS) provider in the HR space, and has empowered hundreds of HR & recruiting teams at small- to mid-size businesses to attract, recruit, and onboard the best talent ever since. Now in our 7th consecutive year of double-digit growth, HRM has a mature produ...

Wave Accounting: Wave Accounting is an awesome, cloud-based, integrated software and tools for small businesses. So far, that includes Invoicing, Accounting, Payroll, Payments and more, plus Personal Finance Software, too.

Who is more expensive? HRM Direct or Payroll by Wave?

The real total cost of ownership (TCO) of Applicant Tracking software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance and support and other related services. When calculating the TCO, it's important to add all of these ”hidden costs” as well. We prepared a TCO (Total Cost) calculator for HRM Direct and Payroll by Wave.

HRM Direct accurate pricing info is available upon request (they don't share it publicly), however , On a scale between 1 to 10 HRM Direct is rated 2, which is much lower than the average cost of Applicant Tracking software. Payroll by Wave price starts at $35 per month , When comparing Payroll by Wave to its competitors, the software is rated 2 - much lower than the average Applicant Tracking software cost.

Bottom line: HRM Direct cost is around the same cost of Payroll by Wave.

Which software includes more/better features?

We've compared HRM Direct Vs. Payroll by Wave based on some of the most important and required Applicant Tracking features.

HRM Direct: Appraisal Performance, HR Management, LMS, Performance Record, Recruiting, Software Customization, Applicant Tracking, Email Notifications.

Payroll by Wave: Check Printing, Benefits Administration, Employee Self-Service, Payroll, Data Analysis Tools.

Target customer size

HRM Direct is an exceptional suitable for HR and various other recruiting teams across all sectors, whether personal or public, particularly for retail, producing or friendliness markets, along with 3rd party recruiters or firms. The software is a viable product for small and medium businesses without any restriction on industrial affiliation.