HotSchedules and Fourth Payroll and Benefits vs. Wagepoint

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
HotSchedules and Fourth Payroll and Benefits
Score 8.0 out of 10
N/A
The Payroll and Benefits solution from HotSchedules, now powered by Fourth, is built specifically for restaurants and hospitality, and allows users to manage multiple employments, varying pay rates, shift work, variable hours, temporary staff, and PTO. Users may optionally outsource payroll to HotSchedules & Fourth.N/A
Wagepoint
Score 8.2 out of 10
N/A
Wagepoint is payroll software, from the multinational company of the same name headquartered in Calgary.
$22
per month (per payroll)
Pricing
HotSchedules and Fourth Payroll and BenefitsWagepoint
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
HotSchedules and Fourth Payroll and BenefitsWagepoint
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
HotSchedules and Fourth Payroll and BenefitsWagepoint
Top Pros
Top Cons
Features
HotSchedules and Fourth Payroll and BenefitsWagepoint
Payroll Management
Comparison of Payroll Management features of Product A and Product B
HotSchedules and Fourth Payroll and Benefits
8.0
1 Ratings
2% below category average
Wagepoint
8.6
2 Ratings
5% above category average
Pay calculation8.01 Ratings10.02 Ratings
Salary revision and increment management8.01 Ratings00 Ratings
Support for external payroll vendors00 Ratings6.02 Ratings
Off-cycle/On-Demand payment00 Ratings7.01 Ratings
Direct deposit files00 Ratings10.02 Ratings
Reimbursement management00 Ratings10.01 Ratings
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HotSchedules and Fourth Payroll and BenefitsWagepoint
Small Businesses
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Medium-sized Companies
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Enterprises
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User Ratings
HotSchedules and Fourth Payroll and BenefitsWagepoint
Likelihood to Recommend
8.0
(1 ratings)
7.0
(2 ratings)
User Testimonials
HotSchedules and Fourth Payroll and BenefitsWagepoint
Likelihood to Recommend
HotSchedules and Fourth
Hot Schedules/Labour Productivity has been very useful in helping with sales forecasting, utilizing past data combined with weather and national events; however its allocation of staffing is very generic across a large brand, so not much scope for the software to 'learn' what works well for individual sites - e.g. where one restaurant may need 2 people to cover their peak, another may need 4, to account for things like prep, restaurant layout, etc.
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Wagepoint
I highly recommend Wagepoint, especially for start-up companies. Their fees are really cheap and the quality of their work is really good. They may have room for improvement on the reporting side, but given their flexibility, they can always find a way to help your organization. I definitely recommend Wagepoint.
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Pros
HotSchedules and Fourth
  • Personal Information Storage
  • Forecasting
  • Labour Costing
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Wagepoint
  • Manages payroll
  • Maintains employee data--addresses, contact info, etc.
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Cons
HotSchedules and Fourth
  • Quicker Sales Data Importing
  • Easier Access to Employee Documents
  • Holiday information on employee end
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Wagepoint
  • Reports need to be improve. You cannot customize your preferred report. Thus, manual reporting happens at times. But you can't complain on the cost.
  • Flexibility on late notice of payroll processing. Lowering additional fees could help us.
  • Need to ask clients for feedback on the use of system.
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Alternatives Considered
HotSchedules and Fourth
No answers on this topic
Wagepoint
Wagepoint is great for our Canadian employees, as Gusto does not support multi-national workforces. However, Gusto provides a much more robust system with which you can manage employees salaries, healthcare benefits, and additional benefits. Gusto also provides ample data with which to evaluate costs, understand employees, and forecast future costs, which Wagepoint does not support.
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Return on Investment
HotSchedules and Fourth
  • More Accurate Forecasting
  • Better Daily Labour Control
  • Holiday Planning
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Wagepoint
  • Lower payroll administration expenses
  • Time and effort is saved from filing remittances to relevant government bodies.
  • Timely and accurate reporting of our payroll
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