Payactiv vs. Workday Peakon Employee Voice

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Payactiv
Score 8.2 out of 10
N/A
Payactiv, headquartered in San Jose, offers their eponymous platform to enable employees to get financial relief between paychecks, a service the vendor states is needed by two-thirds of the workforce. They give businesses the tools essential to ease the financial stress of their employees and build a higher performing workforce.N/A
Workday Peakon Employee Voice
Score 8.4 out of 10
Mid-Size Companies (51-1,000 employees)
Peakon is an employee engagement application now from Workday (acquired August 2021) which emphasizes getting useful and actionable data from employee surveys, and with that as a goal includes features to ensure all employees are sufficiently included, that surveys do not induce fatigue, and that data is not lost from open-ended responses, all with the goal of ensuring that employees feel heard and are invested in their company.N/A
Pricing
PayactivWorkday Peakon Employee Voice
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
PayactivWorkday Peakon Employee Voice
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
PayactivWorkday Peakon Employee Voice
Top Pros
Top Cons
Best Alternatives
PayactivWorkday Peakon Employee Voice
Small Businesses
Paychex Flex
Paychex Flex
Score 6.6 out of 10
Submittable
Submittable
Score 8.9 out of 10
Medium-sized Companies
Dayforce
Dayforce
Score 7.9 out of 10
Bridge Learning Platform
Bridge Learning Platform
Score 9.9 out of 10
Enterprises
Dayforce
Dayforce
Score 7.9 out of 10
Bridge Learning Platform
Bridge Learning Platform
Score 9.9 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
PayactivWorkday Peakon Employee Voice
Likelihood to Recommend
10.0
(2 ratings)
10.0
(2 ratings)
User Testimonials
PayactivWorkday Peakon Employee Voice
Likelihood to Recommend
PayActiv, Inc.
I think it is well suited because it lets the employees know that the company cares, that we want them to be able to have financial stability, and by doing that we are providing a way for them to access their funds earlier.
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Workday
Peakon is a great solution whether you are thinking of pulsing your employees weekly, monthly, or even yearly. The solution provides great dashboards, easy reporting, on the fly segmentation creation, and ways to really dive deep into your people data. I think it's a bit expensive for very early-stage companies, so I would love to see them create a startup/early-stage version or pricing because it has become an invaluable tool for any size company.
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Pros
PayActiv, Inc.
  • It is seamless for me and my office staff
  • In all the time we have used it we have never had a problem or issue
  • Does not cost me any time or money
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Workday
  • Peakon looks beautiful and feels very light, which is comforting when you're (potentially) giving negative feedback and feel anxious. The emails are friendly and the survey is super clean.
  • The surveys are very easy to navigate. You can answer as many or as few questions as you like, skipping forward and backward, and choosing to provide comments when you want. It's low pressure and feels flexible.
  • The HR department is able to respond to your comments. You can then have a back and forth conversation while remaining anonymous. This really helps employees further explain and contextualize their survey comments without identifying themselves personally.
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Cons
PayActiv, Inc.
  • I have no suggestions for improvement, it's never been a problem for my office staff and we have never had a complaint from the field staff, which is most of our employees.
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Workday
  • The only major issue is the integrations factor. I wish there was more integrations work from HRMS core systems or even other dashboard solutions.
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Alternatives Considered
PayActiv, Inc.
I think Pay Activ is the only tool really we need as a company since it has more than just early access to money but can provide other tools to help you in your financial situation
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Workday
SurveyMonkey is a great survey tool that also allows responders to stay anonymous, but I think Peakon is more effective for corporate feedback. It offers more reports and analytics specifically for HR and feels more professional. We often use SurveyMonkey for more lighthearted surveys (e.g., what to eat for team lunch) while keeping Peakon for employee feedback.
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Return on Investment
PayActiv, Inc.
  • Sorry, not something we track, but I believe it has an impact on worker dignity, they don't have to come to me hat in hand ask for an advance.
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Workday
  • When we moved to WFH due to COVID, we use Peakon a regular basis to understand what employees are thinking. We lost the serendipity of talking to people during chance encounters in the office, Peakon has replaced those conversations.
  • We saw an incredible year in spite of COVID, while there are so many internal and external factors contributing to that success, we can see that having engaged and happy employees has an impact on our business. We also see what happens when they are not engaged or happy.
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ScreenShots