PayScale MarketPay is a compensation survey data aggregator that supports merit and structure modeling, report writer, and pricing wizard.
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Workday HCM
Score 8.2 out of 10
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Workday Human Capital Management is a cloud-native system offering a globally
consistent user experience. Workday HCM is part of an intelligent, unified system with other
Workday products.
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Pricing
PayScale MarketPay
Workday Human Capital Management
Editions & Modules
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Offerings
Pricing Offerings
PayScale MarketPay
Workday HCM
Free Trial
No
No
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
No setup fee
Additional Details
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More Pricing Information
Community Pulse
PayScale MarketPay
Workday Human Capital Management
Features
PayScale MarketPay
Workday Human Capital Management
Human Resource Management
Comparison of Human Resource Management features of Product A and Product B
PayScale MarketPay
-
Ratings
Workday Human Capital Management
8.6
Ratings
9% above category average
Employee demographic data
00 Ratings
8.40 Ratings
Employment history
00 Ratings
8.80 Ratings
Job profiles and administration
00 Ratings
8.60 Ratings
Workflow for transfers, promotions, pay raises, etc.
00 Ratings
9.20 Ratings
Organizational charting
00 Ratings
9.30 Ratings
Organization and location management
00 Ratings
9.00 Ratings
Compliance data (COBRA, OSHA, etc.)
00 Ratings
6.70 Ratings
Payroll Management
Comparison of Payroll Management features of Product A and Product B
PayScale MarketPay
-
Ratings
Workday Human Capital Management
9.0
Ratings
12% above category average
Pay calculation
00 Ratings
8.50 Ratings
Support for external payroll vendors
00 Ratings
8.80 Ratings
Off-cycle/On-Demand payment
00 Ratings
9.80 Ratings
Benefit plan administration
00 Ratings
8.50 Ratings
Direct deposit files
00 Ratings
8.80 Ratings
Salary revision and increment management
00 Ratings
9.20 Ratings
Reimbursement management
00 Ratings
9.20 Ratings
Leave and Attendance Management
Comparison of Leave and Attendance Management features of Product A and Product B
PayScale MarketPay
-
Ratings
Workday Human Capital Management
8.6
Ratings
7% above category average
Approval workflow
00 Ratings
8.50 Ratings
Balance details
00 Ratings
8.40 Ratings
Annual carry-forward and encashment
00 Ratings
8.90 Ratings
Employee Self Service
Comparison of Employee Self Service features of Product A and Product B
PayScale MarketPay
-
Ratings
Workday Human Capital Management
8.4
Ratings
4% above category average
View and generate pay and benefit information
00 Ratings
8.90 Ratings
Update personal information
00 Ratings
8.70 Ratings
View company policy documentation
00 Ratings
7.60 Ratings
Employee recognition
00 Ratings
8.10 Ratings
View job history
00 Ratings
8.80 Ratings
Asset Management
Comparison of Asset Management features of Product A and Product B
PayScale MarketPay
-
Ratings
Workday Human Capital Management
8.4
Ratings
4% above category average
Tracking of all physical assets
00 Ratings
8.40 Ratings
HR Reporting
Comparison of HR Reporting features of Product A and Product B
PayScale MarketPay
-
Ratings
Workday Human Capital Management
8.5
Ratings
13% above category average
Report builder
00 Ratings
8.90 Ratings
Pre-built reports
00 Ratings
8.60 Ratings
Ability to combine HR data with external data
00 Ratings
7.90 Ratings
Onboarding
Comparison of Onboarding features of Product A and Product B
PayScale MarketPay
-
Ratings
Workday Human Capital Management
8.6
Ratings
8% above category average
New hire portal
00 Ratings
8.40 Ratings
Manager tracking tools
00 Ratings
8.80 Ratings
Performance and Goals
Comparison of Performance and Goals features of Product A and Product B
PayScale MarketPay
-
Ratings
Workday Human Capital Management
8.5
Ratings
7% above category average
Corporate goal setting
00 Ratings
8.70 Ratings
Individual goal setting
00 Ratings
8.70 Ratings
Line-of sight-visibility
00 Ratings
7.90 Ratings
Performance tracking
00 Ratings
8.60 Ratings
Performance Management
Comparison of Performance Management features of Product A and Product B
PayScale MarketPay
-
Ratings
Workday Human Capital Management
8.9
Ratings
13% above category average
Performance plans
00 Ratings
9.00 Ratings
Performance improvement plans
00 Ratings
8.90 Ratings
Review status tracking
00 Ratings
8.70 Ratings
Review reminders
00 Ratings
9.00 Ratings
Multiple review frequency
00 Ratings
8.90 Ratings
Succession Planning
Comparison of Succession Planning features of Product A and Product B
PayScale MarketPay
-
Ratings
Workday Human Capital Management
7.9
Ratings
1% above category average
Create succession plans/pools
00 Ratings
9.30 Ratings
Candidate ranking
00 Ratings
7.70 Ratings
Candidate search
00 Ratings
7.90 Ratings
Candidate development
00 Ratings
6.80 Ratings
Recruiting / ATS
Comparison of Recruiting / ATS features of Product A and Product B
If you have someone in your organization well-versed in compensation and compensation analysis, PS MP is a great fit and they will be able to onboard and leverage it very quickly. Moreover, if you have roles within your organization that are fairly standard and akin to similar roles in other organizations, you will get a lot out of the majority of matches that PS MP suggests. However, if you've made your roles a little bit more nuanced or "outside of the box" you may have difficulty finding a sufficient match and have to make concessions. If you are in a region where PS MP might not provide enough data, you may need to do a bit of extra leg-work and analysis on your own to settle on where your pay ranges and the like should be. Given the cost of PS MP, it's worth considering based on your workforce and your commitment to compensation analysis and the conversations around it whether it's truly going to provide adequate ROI.
I would say it's well suited in every environment because I think it does so much. It's like the holy grail of HRIS systems is what I like to call it because thinking about all parts of the employee lifecycle, it lives here in Workday Human Capital Management. So I love the fact that you can do the people data analytics, you can store employee records, the talent acquisition pieces there. I'm thinking I can't think of anything negative right now except for the fact that I can't drill down into the data for the people analytics side. Other than that, I think it's literally, yeah, the holy grail of HRIS systems, I love it and I would highly recommend it.
Detailed view of the market rates for roles within the organization provides the ability to pay our employees at our chosen rate with confidence.
Updated data to ensure that we are keeping pace--you're not stuck with outdated data that some annual salary surveys provide.
The market available for analysis are robust, and we're not simply looking at a single city, region, or country. You can usually get as grand or as granular as you like in reviewing available data.
Since it is cloud based, it does not have version control issues (e.g. get 10 years behind on versions that are no longer supported), or the need for constant upgrades. This is completed behind the scenes.
The flexibility of Workday HCM implementation and then taking it to day to day operations was superior. You can then blow and out and start using other system cababilities when ready.
To enter the system, we must use multi-factor authentication for additional security of employee data. A user downloads their reports and then they are shown in their archive of work transactions and history.
There is a bit of a learning curve--if you're looking to get others involved who are not fluent in compensation data and analysis, it can be complicated and involved. It could benefit from additional tips and walkthroughs for newer users outside of the support that PayScale provides through your designated PS employee/account manager.
Being a Canadian company, the data isn't always as robust as it is for American companies. Larger cities are almost always represented and while you can often get data for the smaller areas, the data is not sufficient enough to always provide the best confidence (e.g. 5.0 reports vs. lower rated ones).
It does not work for every job, and you may find that you need to stretch definitions a bit as you may have roles that don't fix the exact mold that they are closest to in PayScale. This is especially true in insurance, where the role of underwriter or claims adjuster may differ significantly based on the organization's business.
It is work to make one system the source of truth for our data, but now that it is done, there is less work involved in staying on this path. This means for us that maintaining and/or implementing new modules like performance, finance, talent, etc. is simple. It's a no-brainer
Overall this is a highly useable product. It does require continual use to stay current on changes in the User Interface and functionality, but as noted earlier, this is a reasonable trade-off for the rapid rate of improvement. It is very user friendly and the templated business processes prevents the system from becoming overly complicated
In 2014, Workday has changed the update process. There will be two updates a year; the updates will be delivered to customers typically in a 24 hour window during these two weekends a year. They also keep the Community up-to-date about any planned outages, etc. There is weekly scheduled downtime on Friday night.
From my perspective, the system runs like a well oiled machine and I have not had any issues with customers complaining about speed. If a report is taking long to run, the report can run in the background and you can go about your business. For larger enterprises, there is additional space and machines to process the application in what Workday refers to it as Extended Configuration Tenant
Support is great as PayScale provides you with a dedicated staff member similar to Account Manager that helps ensure you stay on track and you get what you need out of the product. Additionally, onboarding support is provided where needed, and you never feel as though you're not close to the support you need. PayScale support is great!
Support is provided by OneSource, the reseller. They really have no expertise and their level of technical expertise is poor. When we went to our training, the room was filled with OneSource people going through the same training. We finished training in 1 day, they took 4 days. They are hardly experts. Workday has come out with two more releases since then and Onesource have doubled in size in the last year – so it’s hard to see how they can keep up.
There is an online community/portal that is pretty good. There is however no easy answer to “guided completion”
Some training is offered online. Cost is per-person. This also gets quite expensive. Training doesn’t follow a logical path A to B. Starts in middle. When you try to do it afterwards at your desk, difficult. • Training scenarios are not very real
I have done for report writing and mass imports (EIBs). They give materials and you run through examples, i.e. you don’t just watch them do tasks, so that is helpful. Training is expensive – a single reporting writing class is $600 per person for virtual training
We had a small team - 5 of us total. It would have been nice to have a little larger team, but we made it work. Definitely helped that for our first payroll our 3rd party partner OSV was onsight. This minimized issues.
We haven't used any similar products, as the organization previously relied on salary surveys completed within a group of similar companies and market surveys. The downside of such surveys was the limited or not relevant datasets and the timing of them as they did not keep pace with the market and were always essentially 6-12 months behind the curve.
The workday human capital management stacks up against ADP due to the overall different features that we have got in a single platform. With Workday HCM, we do not have to select multiple vendors or tools to manage employees, salary details, career progress, etc. Also, the workday human capital management is very easy to use in all the different use cases that I mentioned above.
Workday has released Financials and is continuing to develop it's Human Capital Management footprint with the addition of Workday Recruiting. I think customers will find that is easy to add on additional functionality in the system. Workday does make it easy for customers to make changes without relying on IT resources. The Business Process framework is a visual tool that allows functional resources to make changes and see the flow of the transaction
Positive: Ability to better understand where our pay is relative to the market and ensure that we are paying competitively and attracting the best possible talent.
Positive: We can have more informed compensation conversations with staff about their pay and why we pay the way we do. We can define our compensation philosophy and build a plan to move forward and ensure we keep staff informed.
Neutral Impact: While PS MP can be robust for certain jobs, using it as a unified platform within the organization is not without its challenges as some jobs just don't quite fit the data provided and we need to make some concessions. While there are benefits to the data, the additional work and less confidence makes those benefits a bit of a wash in the end.
Negative: There has been no negative impact of using PS MP overall to this point.
To get the most value out of all possible automation in Workday you really need to use a lot of their modules, otherwise you may not be able to solve for some pretty important and necessary needs.
The system maintenance is way more than what I have seen with some other systems and therefore you need a quite large team dedicated to it.
The ability to automate a lot of administrative tasks and the ability for employee and manager self-service definitely create a lot of opportunity for HR to spent time and effort elsewhere. A lot of the automation that can be leveraged in Workday also allows for eliminating third party vendors as well as the cost of their maintenance and integrations.