Payroll by Wave vs. Workday Workforce Management

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Payroll by Wave
Score 10.0 out of 10
N/A
Wave Accounting headquartered in Toronto now offers Payroll by Wave, a payroll app for small businesses.N/A
Workday Workforce Management
Score 8.3 out of 10
N/A
Workday Workforce Management is a workforce operations software that integrates HR, time, and scheduling data, to eliminate disjointed processes that halt day-to-day operations. Consistent with a worker-first approach, Workday provides mobile-first access to personalized pay, time, and schedules, giving workers frictionless on-the-go access. This helps overcome difficulties in retaining workers and keeps them engaged in a competitive labor…N/A
Pricing
Payroll by WaveWorkday Workforce Management
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Payroll by WaveWorkday Workforce Management
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
Payroll by WaveWorkday Workforce Management
Features
Payroll by WaveWorkday Workforce Management
Payroll Management
Comparison of Payroll Management features of Product A and Product B
Payroll by Wave
9.4
5 Ratings
13% above category average
Workday Workforce Management
9.0
13 Ratings
9% above category average
Pay calculation10.05 Ratings9.810 Ratings
Support for external payroll vendors9.03 Ratings7.76 Ratings
Off-cycle/On-Demand payment9.03 Ratings8.97 Ratings
Benefit plan administration9.01 Ratings9.79 Ratings
Direct deposit files9.05 Ratings9.012 Ratings
Salary revision and increment management9.55 Ratings8.912 Ratings
Reimbursement management10.02 Ratings9.26 Ratings
Best Alternatives
Payroll by WaveWorkday Workforce Management
Small Businesses
Dayforce Powerpay
Dayforce Powerpay
Score 9.3 out of 10
Dayforce Powerpay
Dayforce Powerpay
Score 9.3 out of 10
Medium-sized Companies
Paypro Workforce Management
Paypro Workforce Management
Score 9.2 out of 10
Paypro Workforce Management
Paypro Workforce Management
Score 9.2 out of 10
Enterprises
Infor Human Resources
Infor Human Resources
Score 7.1 out of 10
Infor Human Resources
Infor Human Resources
Score 7.1 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
Payroll by WaveWorkday Workforce Management
Likelihood to Recommend
10.0
(6 ratings)
9.3
(5 ratings)
Likelihood to Renew
10.0
(1 ratings)
-
(0 ratings)
Usability
10.0
(1 ratings)
9.1
(3 ratings)
Support Rating
8.9
(2 ratings)
-
(0 ratings)
User Testimonials
Payroll by WaveWorkday Workforce Management
Likelihood to Recommend
Wave
Great for small business payroll needs. Reports and taxes are taken care of, everything is automated and once you're set up it's literally just a matter of minutes to run payroll each time. You also get email reminders which is helpful. There are premium features available for companies with larger/more robust needs, and I would definitely recommend looking into this software if you are searching for a user friendly payroll solution
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Workday
Workday Workforce Management has a lot of varying templates that give you a good place to start. You can tailor the if/then statements to your liking. When scheduling meetings, it scans for people on break/lunch/in other meetings and reduces conflicts that can derail an important meeting by someone having to leave early
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Pros
Wave
  • An intuitive, clear UI helps you know where everything is, what options are at your disposal. Calendars and timelines show that Wave really thought out how to provide you with useful tool.
  • Pay day can be automated and straightforward.
  • Wave onboarding provides guidance at what information to input next until you are all set up.
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Workday
  • Collaborate with HR on completed tasks
  • Review and Submit Timesheets for staff
  • Submit personal time off for supervisors to review and approve or decline.
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Cons
Wave
  • Implement an employee time clock option through a separate link which automatically applies to the weekly time sheets.
  • Option to further customize payroll statements
  • Add a per employee payroll dashboard with the option to review rolling, quarterly, and weekly snapshot. Info to include gross pay, employer paid tax, employee paid tax, etc...
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Workday
  • The tasks function is somewhat clunky, and its hard to see who the task is sent to next in order to follow up with them.
  • In-process referrals don't always show up in the "My Referrals" tab
  • Filters on tasks don't always work.
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Usability
Wave
Very simple & straightforward system to learn and when time is always of the essence the efficiency is much appreciated
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Workday
The UI is a bit outdated and could be a bit more streamlined. There are a lot of clicks for a few items like updating employee information. The training section could be more integrated into the tasks section so users can see they have training right from their home screen.
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Support Rating
Wave
Quick response times, personalized service. They offer in-depth videos and guides for helping to get set up. Any time I have a question about taxes or reporting, they answer quickly and give comprehensive answers. Members of the team with whom I've interacted have been courteous, friendly, and helpful. Overall, great support.
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Workday
No answers on this topic
Alternatives Considered
Wave
First is the cost. Since QuickBooks removed the inhouse solution and moved everything to the cloud, the cost for a small business is prohibited. Wave is reasonable in cost. Support for QB isn't great they are always trying to upsell and commit. Wave support in comparison is 100% better, and most of the answers are in their manual
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Workday
The only other tool I have used was paylocity. Paylocity is a great tool as well and is more user friendly, however it is not for as big of organizations as Workday is. I would say if you are under 1k employees go with Paylocity as it will be less expensive and has everything you need with a user friendly experience. Workday is great for larger orgs but doesn’t have as much of a user friendly experience
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Return on Investment
Wave
  • Peace of mind that all the payroll tax-related stuff is taken care of accurately and on time.
  • Easy to use interface saves time and helps ensure I am paid on time.
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Workday
  • Workday Workforce Management has lowered the amount of time team members have to go to HR for questions.
  • The approval process for reimbursement is lightning fast.
  • I am no longer requested to research my team's different benefit options, which saves me a LOT of time during enrollment periods.
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ScreenShots

Workday Workforce Management Screenshots

Screenshot of Workday Workforce Management ScheduleScreenshot of Workday Workforce Management Schedule (Mobile)Screenshot of Workday Workforce Management Team InsightsScreenshot of Workday Workforce Management Time and Scheduling HubScreenshot of Workday Workforce Management Time (Mobile)