Dayforce HCM Review - why 4.3 stars?

Shlomi Lavi / updated: Mar 12, 2022

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What is Dayforce HCM?

Dayforce HCM is a cloud-based Human Resources software designed to manage the entire employee lifecycle. The software comes with features such as:

• HR: Dayforce HCM provides a single, complete record for all employees that automates tasks. This feature makes HR easier and more productive.
• Payroll: With this feature, End-users can continuously calculate net pay, and spend less time on payroll processing and more time on achieving goals.
• Benefits: This feature makes easy the process of calculating benefits for employees. This feature is advantageous from open enrollment to life event management and administration, all with guided support.
• Talent Management: Dayforce HCM provides a talent solution ranging from attracting, engaging, developing, and motivation the workforce. This feature offers a holistic talent experience centered on the individual.
• Workforce Management: End-users can manage their workforce, increase operational efficiency and help improve compliance with complex labor rules.

Dayforce HCM is a human resource software that started in 2009. The company is headquartered in Toronto, Canada. The company has a workforce of up to 500 employees.

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Who is it best for?

Customers of the software include small and medium businesses as well as large enterprises. Major industries and domains where it can be used include retail and wholesale, automation and manufacturing, healthcare and hospitality, government and public administration, and others. Some notable clients of the software include CH Guenther & Son Inc, The YMCA, Borbet, and others.

Main features and functionalities

The software comes as a unified suite and features a variety of human resource management solutions for different business aspects. Web-based and browser-agnostic nature of the software allows information to be accessed from anywhere. This includes the employee self-service portal which allows employees to access and edit their personal and professional information.

Dayforce HCM offers the managers real-time access to reports along with embedded analytics. The software also assists in tax filing and comes with support for multiple currencies and languages. Other capabilities include integration with third party platforms, benefits management, performance appraisal, and others.

What is the actual cost?

The cost of license starts at $11.50 per user/month. ITQlick pricing score is 8.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for Dayforce HCM. You can also find here pricing information from Dayforce HCM's website.

Pros

• Dayforce HMC offers scalable HCM software built with a single and flexible rules engine
• The software offers real-time updates and calculations that help address complex regulatory requirements
• The software provides many standard reports and the ability for end-users to tweak them to their needs

Cons

• Users complain of difficulty in the implementation process

How it stacks up?

Access a head to head analysis of Dayforce HCM vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is Dayforce HCM right for you or your business?

Customers seeking a human resource system that offers a transformed employee experience unifies data from across the entire employee lifecycle to enable better decision-making at every level will fit well with Dayforce HMC. HR teams who use Dayforce HMC can be found in companies like El Pollo Loco, Crescent Bank, Buehlers Fresh Foods, The Boelter Companies, JTEKT North America, Marshall Health, etc.