Workday HCM Pricing, Features, Reviews & Comparison of Alternatives

Workday HCM

Unified human capital management and talent acquisition

4.36/5 (712 reviews)

Workday HCM overview

What is Workday HCM?

Workday HCM helps managers and HR teams to gain more visibility into all workforce operations, and to prepare organizations for growth and expansion. The system enables users to build strong teams of employees by finding skilled workers through talent searching and job profiles. Workday HCM enables enterprises to manage global teams from hire through to retire. Organizational charts and modeling features allow users to structure and visualize the entire organization, manage both employees and contingent labor, as well as to configure workflows and define businesses processes. The HR software also allows users to manage time-off and absences through a self-service employee interface that includes time-off requests and reporting, time-tracking, and time-off rules automation.

Workday HCM includes a number of HR features including organization management, talent and performance management, and Workday Absence Management, which allows users to manage time-off and absence policies across global offices. Workday also offers a range of recruiting tools to help set up career sites that are compatible with mobile devices and integrated to social media platforms such as LinkedIn.

The talent management tools provided by Workday HCM help users identify top talent and best matches for open positions from existing talent pools of current employees and external candidates. The performance management tools include goal management and alignment for both individuals and department. Feedback reviews and rewards can also be used to praise performance and goal completion. Succession Planning allows users to monitor the health of the succession pipeline taking into account factors such as successor readiness and flight risk.

Workday HCM payroll solution includes analytics and reporting to run audits and drill down into payroll details. The global payroll solution provides integration with third-party payroll applications to manage payments in different countries. Workday HCM also facilitates benefits administration by offering employees complete visibility int o benefit coverage such as health, retirement and insurance. Users can use the software to manage and analyze benefit plans, costs, eligibility rules and more. The Cloud Connect features allows users to connect Workday with 3rd party benefit providers.
www.workday.com

Pricing

Pricing options
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada, United Kingdom, Australia, Japan, Germany

Supported languages

English, Dutch, French, German, Japanese, Spanish
Workday HCM screenshot: Workday HRM Absence ManagementSearch Your Internal and External Talent. [Archive]Workday HCM screenshot: Workday Benefits AdministrationWorkday HCM screenshot: Succession Planning in WorkdayWorkday HCM screenshot: Performance Management for WorkdayWorkday HCM screenshot: Goal management in WorkdayWorkday HCM screenshot: Workday Onboarding FeatureWorkday HCM screenshot: Workday Recruiting Analytics DesktopWorkday HCM screenshot: Workday Mobile Time TrackingWorkday HCM screenshot: Workday Workforce PlanningWorkday HCM screenshot: Workday Workforce Planning AnalyticsWorkday HCM screenshot: Workday HRM Organization ManagementWorkday HCM screenshot: Career and Development Planning in WorkdayWorkday HCM screenshot: Workday Recruiting Career Sites for MobileWorkday HCM screenshot: Workday Operational Headcount Planning

Workday HCM user reviews

Value for money
Features
Ease of use
Customer support
  4.2
  4.3
  4.2
  4.2
Vera Boyko

Very good timesheet system

Used weekly for 2+ years
Reviewed 2018-03-30
Review Source: Capterra

Having so many people in the company, it is very time consuming to manage HR related things for everyone on top of having new recruits. It is easily accessible for the current employees (can't say much for the new employees). I can access and make changes at home or at the office.

Pros
I like the ease of entering time worked and the time off request policies. That system works very well for my colleagues and I am able to revise entries and easily submit it to my supervisor. Sending reminders to everyone about updating info in workday is another good feature that we utilize often. It is also nice to have the quicklinks feature as it makes things easier to find in a time crunch. The payroll feature has been useful to me as well, I like being able to go back and see past checks.

Cons
The process can be tedious. Whenever I make a change, it goes through upper management. The goals and self appraisal process were also very confusing. There were multiple steps and I didn't see why it needed to be that way. They should've just made everything available online instead of us having to upload a word document of our goals and appraisals.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 8/10

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Morgan Walden

Workday for Recruitment

Used daily for 2+ years
Reviewed 2020-05-19
Review Source: Capterra

Overall the experience has been ok, but if you are looking for a true ATS this is not the answer unless you make some serious tweaks to the setup.

Pros
Ability to use as ATS as well as HR database and tie candidates to employee once hired and onboarded.

Cons
Inability to see candidates on Requisitions that are assigned to other recruiters / users within Workday.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 7/10

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Seeba Bhatia

Makes it so much easier to apply jobs

Used daily for 2+ years
Reviewed 2020-12-20
Review Source: Capterra

Pros
All professionals know how exhausting the application experience can be. Despite being skilled, knowledgeable, and experienced and reaching to the last level of the interview process, for some unknown reason it is always given to some brown-noser or somehow was already promised the job to someone else and thus professionals are back to square one in the application process. This makes it so easy as it carries over the information from your resume and is intelligent enough to fill the entry fields accurately.

Cons
While very accurate, I wish it would also carry over my skills, languages, certifications. Workday would be the number one option. I also wish that Workday increases its marketing to make it a household name for applications - all companies should be using this software to recruit employees.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 6/10

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Anonymous

Half-Baked Cake

Used daily for 2+ years
Reviewed 2019-03-18
Review Source: Capterra

I've used the Recruiting module for three years now, I can't help but wonder if the development team has involved an experienced recruiter when developing the module. I honestly don't think that Workday is ready to roll out to the market. If you are the decision maker consider buying this application, you really should include your recruiters' opinions.

Pros
The look and layout of the worklets are the only things I can praise about.

Cons
The business processes are too disconnected to count. The security level is so high up that a small change requires the product admin. (or whoever has the security level) to configure it at the backend. Pre-screening questionnaires must be pre-defined and pre-populated in the system - you can’t adjust the questions according to the requirements of each job at the time of Job Requisition creation. Trying to find a Job Requisition associated with a Position requires the skills of Sherlock Holmes. Recruiter receives many useless notifications and hiring managers receive many emails to a point of hysteria. Workday refreshes itself so frequently that recruiter can never leave their My Recruiting Jobs report on the screen longer than half-an-hour. Moreover, as soon as you click on any link on the My Recruiting Jobs report, any sorting/filtering will be lost. Customizing the columns of the Candidate Grid does not mean you can export it to Excel the same way you’ve arranged the columns. You can’t write comments as you read the resumes in the Candidate Grid - you have to go to individual application and write in the Activity Stream. Hiring managers can’t select and move multiple candidates at the Candidate Grid - can only move 1. You can’t use simple AND/OR with the filter feature at the Candidate Grid – can only search 1 word. When you search a specific name (i.e., Patel) in the Search Box, it spit out a list of names with no particular order; importantly, no filtering tools.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 1/10

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Anonymous

Learning Curve, but Allows for a lot of Consolidation

Used daily for 6-12 months
Reviewed 2020-10-20
Review Source: Capterra

Complex so far, but also rewarding to have a single platform to build off of. There are a lot of things that need to be monitored at once, but again, having things consolidated will make those efforts much easier, along with leveraging the consistent updates from Workday.

Pros
Consolidating one-off software into a single solution. We were utilizing separate candidate tracking software, performance review software, employee profile details, and more. Workday offers all of this, and once everything was ported over, it has become much easier to manage and there are now several other offerings that can be taken advantage of from a data analysis and management standpoint.

Cons
The onboarding and internal training required is extremely robust, however, essential. This is not an overnight switch, it will take a lot of time and internal training, to achieve the top uses of this powerful platform, but the expectation is that it will be very worthwhile.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 9/10

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Workday HCM pricing

Pricing options
Subscription
View Pricing Plans

Please contact Workday directly for pricing information.

Workday HCM features

API
Activity Tracking
Applicant Tracking
Customizable Reporting
Employee Onboarding
Employee Portal
Employee Self Service
Performance Management
Recruitment Management
Reporting & Statistics
Self Service Portal
Third Party Integration

Activity Dashboard (500 other apps)
Automatic Notifications (411 other apps)
Customizable Branding (324 other apps)
Data Import/Export (318 other apps)
Employee Database (313 other apps)
Employee Management (364 other apps)
Real Time Reporting (276 other apps)
Reminders (276 other apps)

Security and privacy

Encryption

Encryption of sensitive data at rest
HTTPS for all pages

Access control

Multi-factor authentication options
This will ask you to sign in with LinkedIn

Videos and tutorials

Additional information for Workday HCM

Key features of Workday HCM

  • Talent management
  • Goal management
  • Succession planning
  • Strategic workforce planning
  • Workforce analytics
  • Operational headcount planning
  • Employment agreements
  • Predictive retention analysis
  • Interactive media
  • Peer-generated content
  • Instructor led training (ILT)
  • Compensation management
  • Compensation review
  • 1094-C & 1095-C data management
  • Tax & regulatory updates
  • Compliance dashboard
  • Real time labor actuals
  • Absence management
  • Access tracking
  • Audit trail
  • Auditing
  • Compensation management
  • Compliance management
  • Cost analysis
  • Customizable reporting
  • Customizable templates
  • Data import
  • Data visualization
  • Employee portal
  • Employee self service
  • HR management
  • Learning management
  • Multi-currency
  • Payroll integration
  • Payroll solutions
  • Permission management
  • Predictive modeling
  • Process management
  • Real time analytics
  • Real time data
  • Receiving
  • Requisition management
  • Role management
  • Smart search
  • Self-learning
  • Succession planning
  • Talent acquisition
  • Benefit provider integrations
  • Training management
  • Financial & workforce trend analysis
  • Video support
  • Career and development planning
  • Competency management
  • Benefits management
  • Feedback management
  • Campaign analysis
  • Employee lifecycle
  • Goal setting / tracking
  • Time & attendance tracking
  • Organizational charting
  • Content ratings & reviews
  • Recruiting management
  • Role-based permissions
  • Applicant tracking
  • Job application management
  • Scorecarding
  • Vacation tracking
  • Leave tracking
  • Contextual reports & dashboards
  • SCORM compliance
  • Sick leave tracking
  • eLearning management
  • Performance management
  • Collaboration tools
  • Self service portal
  • Conditional logic
  • Time off requests
  • Pulse surveys
  • Employee onboarding
  • AICC compliance
  • Performance review cycles
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Benefits

Workday HCM Big Data Analytics integration: Choose from a range of pre-built analytics templates such as global payroll cost analysis, or use the Report Writer to generate custom visualizations to meet organization KPIs.

Workday HCM reports are multi-dimensional and immediately actionable. Users can see organization health metrics and receive alerts, analyze trends, and use predictive models to plan future decisions.

Workforce Planning: Segment roles and positions to analyze capacity and capability, identify talent pools, and plan actions for succession, recruiting, development, and performance evaluations.

Manage Attendance: Track and report time-off requests in real-time. Automate time-off rules and absence policies. Employees can use the self-service interface to request time-off.

Recruitment Tools: Candidates can search and apply for open positions from their mobile devices. Recruiting analytics allow users to assess the performance of new hires, analyze recruiting demand, and identify talent gaps.

Talent Management: Complete talent pipeline visibility allows employers to see current employees, external candidates and prospects to identify top talent. Set up talent pools to target specific candidates when new positions open up.