Workday is an enterprise software with innovative human capital management (HCM), financial management, and planning capabilities. It is the ultimate solution for organizations, combining HR, finance, and operational work processes in one platform. The cloud-based infrastructure enables Workday to remain flexible and scalable while significantly impacting the industry.
However, only some organizations find every Workday feature perfect for their needs. This is where alternatives and competitors come into play. In this post, let's look at the top 10 best Workday alternatives in 2024.
10 Best Workday Alternatives & Strategic Competitors (2024)
1. iMocha
iMocha is a strategic alternative for Workday as it provides a holistic talent and skills management approach. While Workday offers a general workforce management and planning facility, iMocha takes it deeper with its AI-powered skills intelligence platform.
Its key features include:
- Enhanced Employee Development: Highlights skills gaps effectively to help organizations create individual development plans according to industry standards.
- Skills Assessment Library: Offers an extensive library of 3,000+ skill assessments applicable for evaluating employees thoroughly and identifying strengths.
- Succession Planning: Identifies highly-skilled employees through multi-channels to develop a future-ready workforce and increase engagement and satisfaction levels.
- Workforce Planning and Skills Matching: Connects the workforce with available roles in the organization through a dynamic skills framework.
G2 Rating: 4.4/5 (257 reviews)
2. SAP Success Factors HCM
SAP Human Capital Management (HCM) provides extensive resources to simplify and automate human resources processes, improve employees' experience, and foster the development of information-based decisions in workforce planning and management. Its key features include:
- Talent Management: Helps attract, retain, and develop talents through recruitment, performance assessment, learning, and succession planning.
- Core HR and Payroll: Automates HR tasks while ensuring accurate payroll processing and compliance with local laws, making human resource administration much easier for organizations with global operations.
- Workforce Analytics: Allows users to generate data-driven insights by offering advanced analytics and reporting tools, optimizing workforce strategies, and making informed HR decisions.
G2 Rating: 3.9/5 (674 reviews)
3. Oracle HCM
Oracle HCM Cloud is a unified platform that helps organizations streamline HR solutions, improves workforce productivity, and empowers businesses with data for effective talent management and workforce planning. Its key features include:
- Workforce Planning and Analytics: Offers real-time insights via AI-driven analytics to inform organizations of their workforce needs, trends, and decisions.
- Comprehensive Talent Management: Supports the complete talent lifecycle, from recruitment to learning, performance, and succession planning, ensuring organizations can entice and retain talent effortlessly.
- Personalized Employee Experience: Enhances employee engagement with easy self-service, customized learning, and AI for generating career growth recommendations.
G2 Rating: 3.5/5 (530 reviews)
4. ADP Vantage
This incredible solution focuses on end-to-end human capital management, helping organizations easily enhance HR processes, compliance, and employee engagement. Its key features include:
- Advanced Analytics and Reporting: Provides organizations with actionable insights about trends in the workforce, enabling them to adopt an optimized HR strategy and data-driven decision-making.
- Unified HR Platform: Combines payroll, benefits, and talent management into one unified system to make it more efficient and effective in handling HR operations in large organizations.
- Employee Engagement Tools: Includes tools for real-time feedback, surveys, and personalized communication, creating a connected and motivated workforce.
G2 Rating: 3.9/5 (246 reviews)
5. Paycom
Paycom handles the overall HR system, allowing businesses to run talent management operations without hitches. It automates payrolls while providing avenues to data-led insight for better decision-making. Its key features include:
- Payroll Automation: Simplifies the payroll process through accurate compliance and correct calculations to run things smoothly, reducing mistakes and administrative burdens.
- Employee Self-Service: Allows the workforce to handle its own human resource data, benefits, and timekeeping, giving more clarity and engagement.
- Talent Management Tools: Offers solutions for recruiting, onboarding, and performance management, allowing organizations to attract, develop, and retain people at the top of the talent ladder.
G2 Rating: 4.3/5 (1,247 reviews)
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6. Paylocity
Paylocity is a payroll and human resources system that streamlines workforce productivity, boosts employee participation, and provides organizations with data sources and analytics-based tools to improve their operational HR activities. Its key features include:
- Employee Engagement Hub: Various surveys, social feeds, and feedback channels foster a connected workplace community where employees communicate and collaborate.
- Integrated Payroll and Tax Management: Makes payroll simple with automation for tax filings, compliance security, and real-time data access for super-safe and efficient payroll processing.
- Workforce Insights and Analytics: Provides customizable reports and dashboards for actionable intelligence on improving workforce planning and decision-making.
G2 Rating: 4.4/5 (2,735 reviews)
7. Dayforce
Dayforce is a human capital management platform that combines the different areas of talent management, such as payroll and workforce planning functions. By engaging employees with varying tools, it allows organizations to operate with efficiency and effectiveness. Its key features include:
- Real-Time Data Insights: Ensure timely access to workforce data to help organizations make informed decisions and improve operational agility.
- Single Application for HCM: Collates payroll and HR performance with benefits and workforce management to bring everything on one platform, guaranteeing a simple flow of information and minimizing administrative complexities.
- Flexible Workforce Scheduling: Offers dynamic scheduling capabilities to ensure optimum staffing while accommodating employee preferences and regulatory compliance.
G2 Rating: 4.1/5 (830 reviews)
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8. Rippling
Rippling is a single workforce management platform that connects HR, IT, and payroll to simplify the entire employee management process. Its key features are:
- Global Payroll: Handles payroll for employees in multiple countries, ensuring compliance with local tax laws and other regulations to facilitate international work.
- Custom Workflows: Empowers organizations to create workflows for onboarding, approval, and employee updates to improve productivity and accuracy.
- Unified HR and IT Management: Simplifies HR functions, such as onboarding, payroll, benefits, integrating IT functions provisioning, and adding apps to define comprehensive employee lifecycles.
G2 Rating: 4.8/5 (4,705 reviews)
9. Gusto
Gusto is viewed as the only payroll and HR platform designed for small and medium-sized enterprises. It offers tools that can simplify their payroll-to-benefits management and team management in good measure. Its key features include:
- Automated Payroll: Simplifies payroll with auto tax filings and direct deposit, compliance support, ensuring accuracy and saving time.
- Employee Benefits Management: Makes access to health insurance benefits through retirement plans and other services available to enable easy adjustment of employee wellness.
- Hiring and Onboarding Tools: The recruitment and onboarding become so much easier as they come with offer letters, e-signatures, and easy integration into payroll and HR systems.
G2 Rating: 4.5/5 (2,248 reviews)
10. UKG Pro
UKG offers an excellent Human Capital Management solution for HR, payroll, talent management, or workforce planning to improve employee experience and drive organizational success. Its key features are:
- Unified Workforce Management: Offers a hub of HR & payroll with talent management on a single platform with seamless access and connectivity to information, easing the burden of administration efforts.
- Employee Experience Management: Provides tools to enhance employee engagement, feedback, and well-being in an environment where work is more positive and productive.
- Advanced Analytics and Reporting: Develops real-time insight and actionable reports that make sustainable turnover decisions and performance on an organizational level possible.
G2 Rating: 4.2/5 (1,506 reviews)
Conclusion
Workday has extensive integrated solutions for managing the workforce. However, those looking for added features and tools can always go with Workday competitors. iMocha, in this situation, gives specialized features through its unparalleled AI-powered skills intelligence solution.
It provides a thorough skills assessment, customizable skills taxonomy, and AI-powered insights that best align talent and business needs. Through skills gap analysis, it enables organizations to drive employee development and retention.
FAQs
What are the best Workday competitors?
Some of the best Workday competitors are iMocha, SAP SuccessFactors, Oracle HCM, among others; each has a distinctive solution in the HR domain.
Why is iMocha better than Workday?
iMocha is advanced in some ways as compared to Workday. It has the most advanced skills intelligence with precise skills assessments, customized development plans, and excellent dynamic skills frameworks for recruitment and talent management.