Compare Payroll by Wave and Workforce Ready - Sep 2022
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Bottom Line: Which is Better - Payroll by Wave or Workforce Ready?
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 Payroll 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:
Wave Accounting Vs. Kronos Incorporated
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.
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.
Who is more expensive? Payroll by Wave or Kronos Workforce Ready?
The real total cost of ownership (TCO) of Payroll 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 Payroll by Wave and Kronos Workforce Ready.
Payroll by Wave price starts at $35 per month , On a scale between 1 to 10 Payroll by Wave is rated 2, which is much lower than the average cost of Payroll software. Kronos Workforce Ready price starts at $6 per employee/month , When comparing Kronos Workforce Ready to its competitors, the software is rated 2 - much lower than the average Payroll software cost.
Bottom line: Payroll by Wave cost is around the same cost of Kronos Workforce Ready.
Which software includes more/better features?
We've compared Payroll by Wave Vs. Workforce Ready based on some of the most important and required Payroll features.
Payroll by Wave: Check Printing, Benefits Administration, Employee Self-Service, Payroll, Data Analysis Tools, Direct Deposit, Payroll Tax Management, W-2 Preparation.
Kronos Workforce Ready: Benefits Administration, HR Management, Payroll, Performance Record, Recruiting.
Target customer size
The software is a viable product for small and medium businesses without any restriction on industrial affiliation. 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.
Workforce Ready
starts at $6 per employee/month
Kronos Workforce Ready is a cloud-hosted human resources system that integrates workforce management and HCM (human capital management) capabilities in one platform. The system covers organizations of all sizes...
Compare PricingCompare specifications
Payroll by Wave Specifications
ITQlick Score: | 80/100 |
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ITQlick Rating: |
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Pricing: | 2/10 - low cost |
Category: | Payroll -> Payroll by Wave review |
Company: | Wave Accounting |
Pricing: | starts at $35 per month |
Typical customers: | Small businesses and start ups |
Platforms: | Desktop, Mobile, Cloud |
Links: | Payroll by Wave review, Payroll by Wave pricing, Payroll by Wave alternatives |
Workforce Ready Specifications
ITQlick Score: | 98/100 |
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ITQlick Rating: |
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Pricing: | 2/10 - low cost |
Category: | Human Resources -> Workforce Ready review |
Company: | Kronos Incorporated |
Pricing: | starts at $6 per employee/month |
Typical customers: | Medium and large size businesses |
Platforms: | Desktop, Mobile, Cloud |
Links: | Workforce Ready review, Workforce Ready pricing, Workforce Ready alternatives |
Compare features
Payroll by Wave: 8 Features
Kronos Workforce Ready: 16 Features
Auditor - Shlomi Lavi
Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.