Workday HCM Review: Pros, Cons, Features & Pricing
Workday HCM is a Human Capital Management (HCM) software that helps businesses manage their workforce data and processes. It best serves large enterprises and multinational corporations with complex HR needs, such as finance, healthcare, and technology sectors. Workday HCM provides value by simplifying HR operations, improving decision-making, and aligning your workforce with your business goals.
Workday Evaluation Summary
- Pricing upon request
- Free demo available
Why Trust Our Software Reviews
We’ve been testing and reviewing HR software systems since 2019. As HR experts ourselves, we know how critical and difficult it is to make the right decision when selecting software.
We invest in deep research to help our audience make better software purchasing decisions. We’ve tested more than 2,000 tools for different HR management use cases and written over 1,000 comprehensive software reviews. Learn how we stay transparent & our software review methodology.
Workday Overview
Workday HCM stands out for its comprehensive features and integration capabilities, making it a top choice for enterprises seeking robust HR solutions.
pros
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The user-friendly interface makes it easy for your team to navigate and manage HR tasks efficiently.
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It offers advanced talent management tools that enhance your team's capabilities.
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Workday HCM is highly configurable, allowing you to tailor HR processes to fit your needs.
cons
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Mid-market companies might find the premium pricing challenging due to high costs.
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Its Applicant Tracking System and Payroll modules might not match specialized third-party solutions.
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The implementation process can be complex and may require full-time consultants.
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How We Test & Score Our Tools
We’ve spent years building, refining, and improving our software testing and scoring system. The rubric is designed to capture the nuances of software selection and what makes a tool effective, focusing on critical aspects of the decision-making process.
Below, you can see exactly how our testing and scoring works across seven criteria. It allows us to provide an unbiased evaluation of the software based on core functionality, standout features, ease of use, onboarding, customer support, integrations, customer reviews, and value for money.
Core Functionality (25% of final score)
The starting point of our evaluation is always the core functionality of the tool. Does it have the basic features and functions that a user would expect to see? Are any of those core features locked to higher-tiered pricing plans? At its core, we expect a tool to stand up against the baseline capabilities of its competitors.
Standout Features (25% of final score)
Next, we evaluate uncommon standout features that go above and beyond the core functionality typically found in tools of its kind. A high score reflects specialized or unique features that make the product faster, more efficient, or offer additional value to the user.
We also evaluate how easy it is to integrate with other tools typically found in the tech stack to expand the functionality and utility of the software. Tools offering plentiful native integrations, 3rd party connections, and API access to build custom integrations score best.
Ease of Use (10% of final score)
We consider how quick and easy it is to execute the tasks defined in the core functionality using the tool. High scoring software is well designed, intuitive to use, offers mobile apps, provides templates, and makes relatively complex tasks seem simple.
Onboarding (10% of final score)
We know how important rapid team adoption is for a new platform, so we evaluate how easy it is to learn and use a tool with minimal training. We evaluate how quickly a team member can get set up and start using the tool with no experience. High scoring solutions indicate little or no support is required.
Customer Support (10% of final score)
We review how quick and easy it is to get unstuck and find help by phone, live chat, or knowledge base. Tools and companies that provide real-time support score best, while chatbots score worst.
Customer Reviews (10% of final score)
Beyond our own testing and evaluation, we consider the net promoter score from current and past customers. We review their likelihood, given the option, to choose the tool again for the core functionality. A high scoring software reflects a high net promoter score from current or past customers.
Value for Money (10% of final score)
Lastly, in consideration of all the other criteria, we review the average price of entry level plans against the core features and consider the value of the other evaluation criteria. Software that delivers more, for less, will score higher.
Core Features
Employee Management
Workday HCM allows you to manage employee data efficiently, streamlining HR processes. You can track personal information, job roles, and compensation details in one place.
Payroll Management
This feature helps you automate payroll processes, ensuring accuracy and compliance. It integrates with your financial systems to deliver seamless payroll operations.
Time and Attendance
Workday HCM provides tools for tracking employee hours and managing leave requests. You can easily monitor and approve time-off, ensuring accurate timekeeping.
Talent Management
Enhance your team's capabilities with tools for recruiting, performance management, and career development. It helps you identify and nurture talent within your organization.
Benefits Administration
Manage employee benefits and enrollments with ease. The system simplifies the process, providing your team with clear options and choices.
Reporting and Analytics
Workday HCM offers robust reporting tools to help you make data-driven decisions. You can generate reports on workforce metrics and gain insights into your HR operations.
Ease of Use
Workday HCM is user-friendly with its intuitive interface and straightforward navigation, making it accessible for your team. Its dashboard provides clear access to essential HR functions, reducing the learning curve for new users. Although the system’s complexity can be daunting, especially during setup, its powerful features and customizable workflows offer long-term benefits. Users appreciate the efficiency in managing HR tasks, which enhances overall productivity.
Workday Specs
- 2-Factor Authentication
- 360 Degree Feedback
- API
- Application Tracking
- Attendance Tracking
- Batch Permissions & Access
- Compliance Tracking
- Dashboard
- Data Export
- Data Import
- Data Visualization
- Employee Database
- Employee Engagement
- Employee Incentive Management
- Employee Onboarding
- Employee Training
- Expense Tracking
- External Integrations
- Feedback Management
- Multi-User
- Notifications
- Payroll
- Performance Appraisal
- Scheduling
- Time Management
- Timesheets
- Travel Management
- Vacation & Absence Calendar
Workday FAQs
How does Workday HCM handle data security and compliance?
Can Workday HCM support mobile access for employees?
How customizable is the Workday HCM platform?
What kind of training and support does Workday HCM offer?
How does Workday HCM improve talent management?
Is Workday HCm scalable for growing businesses?
How does Workday HCM streamline payroll processes?
Can Workday HCM integrate with existing HR systems?
What's Next?
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