Comparing paycom vs workday hcm

You are comparing paycom & workday hcm on Analyzo. We have listed all the features for both these products in the table below, enabling you to view and compare features across them easily. Analyzo has listed the best products in Compensation Management Software, you can narrow down products based on their prices, features and your requirements. Click here to see other products in Compensation Management Software.



  • Paycom
  • Workday


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  • With Paycom’s all-in-one software, you can boost employee satisfaction – and control salary budgets – by linking performance with compensation. Cloud-based convenience streamlines the review process among employees, managers and HR. Pay increases automatically update to payroll. You also can see analytics on head count, turnover, overtime and more.

    Paycom is an online talent management tool with full pay data integration. With compensation and performance information in one system, you gain insight to control salary budgets and ensure compensation increases are equivalent with contribution. Once increases are approved, they automatically update payroll, saving time and ensuring accuracy.

    Key features -

    • Generate Compa-Ratio and Merit Budget reports.
    • Create a Merit Matrix with your Merit Budget, Performance Rating Scale and Compa-Ratios.
    • Adjust your Merit Matrix as needed including awarding lump sums.
    • Automatically upload new rates to payroll.
  • Define compensation packages across all areas of your organization and around the globe using just one system. With compensation management software from Workday, you gain the insight needed to create compensation plans that attract and retain top talent.

    No two organizations handle employee pay in exactly the same way. That’s why Workday Compensation management software gives you the tools to customize compensation packages and adjust them on the fly.

    • Align employee awards with business objectives and results.
    • Define packages, plans, and programs using data from Workday and the marketplace.
    • Specify compensation components (base pay, bonuses, allowances, and so on) to measure total pay.
    • Easily calculate unique merit, bonus, and stock requirements.
    • Access contextual analytics when you need them to make better pay decisions.

    Handle country-specific regulations and manage your global workforce from an easy-to-use compensation management system.

    • Set up flexible location profiles, currency options, and allowance plans.
    • Gain insight into compensation adjustments with detailed audit reports.
    • Use allowance plans to provide global benefits options.
    • Collaborate in real time during merit reviews, giving managers visibility.

    Gain deeper insights, more automation, and fewer system integrations with a single system for HR and compensation management.

    • Use one source of data to plan, analyze, and execute compensation packages.
    • Manage job changes, ad hoc promotions, and more during compensation review.
    • Gauge an employee’s total pay to make more-informed decisions.
    • Trigger changes to compensation based on employee updates in Workday.
    • Enhance the merit review process with adjustable plan targets.


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