Comparing workday hcm vs oracle peoplesoft

You are comparing workday hcm & oracle peoplesoft 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.

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Companies

  • Workday
  • Oracle

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.
  • PeopleSoft Compensation is a Global solution for administering competitive compensation programs around the world.

    Delivered integration with Human Resources, Variable Compensation and ePerformance means you are guaranteed up-to-date information when you need it. PeopleSoft Compensation gives administrators the tools to administer Salary, Cash, and Non-Cash plans that strategically spend compensation dollars and drive performance. PeopleSoft Compensation can utilize a configurable matrix when calculating salary increases. This makes complex calculations based on your business rules easy and efficient, out of the box. Automated proration and eligibility rules further eliminate manual intervention. By performing these processes up front, you ensure your policies are enforced and remove this burden from managers.

    With the ability to view compensation figures in the employee’s paid currency, the amounts are easily converted to remain relevant to the user. The global functionality of PeopleSoft Compensation ensures that most text, date formatting, and data elements are appropriate for employees wherever they are located. The application is currently translated into 17 different languages. 

    PeopleSoft Compensation gives managers the tools to make quick but informed decisions on how to distribute the funding budgets for their group. In addition to group level metrics, they have a complete history of their employees’ compensation over time. With this information managers can redistribute funds as necessary and add notes to support their decisions. Real time balance updates keep track of what you have allocated and how much is available at all times.


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