Workday HCM Review - why 4.3 stars?

Shlomi Lavi / updated: Nov 20, 2022

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What is Workday HCM?

Workday is a cloud-based Human Capital Management software. The versatile software offers many features that meet the current changing business needs in the world today. It has a financial management system, a payroll system, a recruitment system, an HR, and a planning system. Its features include:

• Payroll and Workforce Management: This system delivers the flexibility and tools required to meet the demands of every worker. It automates the process for payroll workers. They can make necessary changes to a large workforce over a short period. Through this, the company wont have a problem identifying an hourly worker from a salaried worker.
• Talent Management: This feature is a hub of functionalities for talent management apps designed on a skills foundation.
• Human Resource Management: This software feature helps businesses and human resources departments to manage the company workforce.

Workday was founded in 2005, and it is headquartered in Pleasanton, CA, the U.S. The software company has about 13k+ employees.

Who is it best for?

The typical customers include the following business size: Small, medium and large size businesses.

What is the actual cost?

Workday does not share pricing information publicly, however as a tool which unifies human resources, benefits, talent management, payroll, time and attendance as well as recruitment they are considered one of the most expensive HCM solutions.
Users reported that they are paying Workday $48 per employee/month at 500 users after negotiation (around $300K per year). The original offer was $72 per employee/month so it is quite an expensive solution for multi employee organizations.

ITQlick pricing score is 10 out of 10 (10 is most expensive). Access ITQlick pricing guide for Workday HCM. You can also find here pricing information from Workday HCM's website.

Pros

• Workday interface is user-friendly
• It has a wide variety of features, making it possible to streamline different services into one easy place instead of many other sites
• It can be used on mobile devices

Cons

• Its inbox and archive section can be confusing
• Users are faced with the inconvenience of choosing from listed reports during selection

How it stacks up?

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

Frequently Asked Questions (FAQs)

Is Workday HCM right for you or your business?

Small, midsize, and large businesses can use Workday. However, its various features are more beneficial for large companies as small companies may not need some of the features. Also, Workday is applicable in almost every field.

As a universal all-in-one software, Workday is popular among big companies. Some of the companies that use it include Walmart Inc., a Retail organization with 2.2 million employees; Cardinal Health, Inc., a Healthcare organization with over 46,000 employees; the Home Depot, Inc., a Retail organization with more than 500,000 workers and Hitachi, a Japanese Manufacturing company with more than 290,000 workers.

Others include Levi Strauss, Puma, FedEx, Aon, Ohio State University, State of California, and Bucknell University.