Comparing payscale hr vs workday hcm

You are comparing payscale hr & 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.

Upvotes


Companies

  • Workday
  • PayScale

Pricing

  • On Request
  • On Request

Descriptions

  • 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.
  • Gain access to the freshest, largest, most detailed salary dataset in the world with cloud compensation software by PayScale. Stay current on best practices and how to relate them to your business with free compensation whitepapers from PayScale.

    PayScale Insight offers a modern compensation software that gives organizations the ability to track and analyze their comp strategy with fresh salary data. Benchmark a position based on your job description, title, and compensable factors and price it to the market. Track trends by job or talent market in an easy-to-use solution. Leverage the world’s largest and most comprehensive database of salary profiles. Match unique or specialized positions to the market with the freshest data available. A successful compensation strategy includes the communication plan. Give executives a helicopter view of business metrics and create a culture of pay transparency with employees. A key part of a modern compensation strategy is understanding not just what will happen today, but projecting the future strategy. Model what-if scenarios, experiment, and understand the potential impact of decisions. Project the impact of common HR events: various hiring strategies, opening a new location, managing a merger of acquisition, all in a private, foolproof environment.

    PayScale Benchmark allows organizations to address their compensation data gaps and remain competitive in the market. Avoid data gaps from traditional surveys or buying surveys that give you data you’ll never use. With 54 million salary profiles and 15,000 job titles—PayScale has the world’s largest database of salary profiles. Easily find the answer to compensation questions with fresh data and a few clicks. Go beyond Excel and utilize an intuitive, cloud based software. Track trends in specific markets and understand how positions can impact your strategy. Model data, compare, and analyze scenarios to get a full picture of your competitive markets. Build pay ranges based on your unique jobs. Compare your positions to the market and optimize the structure as you go forward.


Videos



Top Related Comparisons of payscale-hr and workday-hcm


Top Related Alternative of payscale-hr and workday-hcm


© analyzo.com