Compare Workforce Ready and Payroll by Wave - Sep 2022

Shlomi Lavi

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Bottom Line: Which is Better - Workforce Ready or Payroll by Wave?

Payroll by Wave is more expensive to implement (TCO) than Workforce Ready, and Workforce Ready is rated higher (98/100) than Payroll by Wave (80/100). Workforce Ready offers users more features (16) than Payroll by Wave (8). There is a clear winner in this case and it is Workforce Ready!

Looking for the right Human Resources 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:

Kronos Incorporated Vs. Wave Accounting

Kronos Incorporated: It started off with a simple idea: there had to be an easier way to record employee time transactions. And then one innovation led to another and that idea grew into something we now call workforce management.

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? Workforce Ready or Payroll by Wave?

The real total cost of ownership (TCO) of Human Resources 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 Workforce Ready and Payroll by Wave.

Workforce Ready price starts at $6 per employee/month , On a scale between 1 to 10 Kronos Workforce Ready is rated 2, which is much lower than the average cost of Human Resources 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 Human Resources software cost.

Bottom line: Workforce Ready cost is around the same cost of Payroll by Wave.

Which software includes more/better features?

We've compared Workforce Ready Vs. Payroll by Wave based on some of the most important and required Human Resources features.

Workforce Ready: this software is considered "feature-rich" with more than 10 important features, here is a partial list: Benefits Administration, HR Management, Payroll, Performance Record, Recruiting, Timesheet, Biometric, Labor Cost Reporting.

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

Target customer size

Kronos Labor force Ready is especially developed for small as well as midsize services who wish to automate a lot of their workforce management processes with great functions like real-time staff member data as well as scheduling. The software is a viable product for small and medium businesses without any restriction on industrial affiliation.