Workday, Inc is a software program firm that provides cloud-based human capital administration, payroll, cloud computing, and scholar administration. Its HCM system streamlines monetary administration, recruiting, and planning.
The corporate was based in 2005 by Aneel Bhusri and Dave Duffield. Based mostly in Pleasanton, California, Workday serves giant and medium enterprises globally. In 2021, Workday had 12,500 staff and reported a 19% improve in income to $5.14 billion. 
Workday is the main HCM platform with sturdy options, together with world compliance, expertise market, workforce scorecard, advantages, and LMS. It integrates with a number of enterprise methods and apps for finance, HR, expertise administration, and analytics.
Companies require a subscription to make use of Workday Recruiting, Workday Monetary Administration, Workday Payroll, Workday Studying, and Workday Planning. The corporate recorded a surge in demand in 2021. Its subscription income elevated by 22.2% to $1.23 billion. Workday faces stiff competitors from SAP Success Components, Workforce Now, Oracle Cloud HCM, Dayforce, and UKG Professional. 
Right here is an in-depth evaluation of Workday’s high 15 opponents and options:
1. SAP SuccessFactors
12 months based: 2001
Headquarter: San Francisco, California
SAP SuccessFactors is a pc software program firm owned by SAP SE. The corporate presents expertise administration software program and cloud-based HCM providers. In 2021, its dad or mum firm SAP SE had round 110,000 staff in 115 places globally and reported a 2% improve in income to €27.84 billion. Its cloud income surged 17% to €9.418bn. 
SAP SuccessFactors helps a number of tax methods, currencies, and languages, making it ultimate for multinational firms. The HCM Suite caters to has greater than 100 million customers and 6,400 prospects from over 100 international locations.
Each Workday and SAP Success Components supply attendance administration, payroll, and onboarding. SAP SuccessFactors is the highest Workday competitor within the HCM business.
2. ADP Workforce Now
12 months based: 1949
Headquarter: Roseland, New Jersey
ADP is an HCM software program and providers firm that provides Workforce Now. This built-in cloud-based hub streamlines all HR features. In 2021, ADP had round 58,000 staff and generated $15 billion in income. The corporate made $10.2 billion from employer providers and $4.8 billion from its PEO section. 
ADP Workforce Now and Workday supply world compliance, workforce scorecard, audit, and inside controls. Each platforms combine seamlessly with a number of enterprise methods and apps for HR, finance and expertise administration, analytics, advantages, and compensation.
Organizations depend on ADP’s versatile API and options to automate payroll administration and streamline recruiting and onboarding. ADP Workforce Now is without doubt one of the greatest options to Workday for human useful resource administration.
3. Oracle HCM Cloud
12 months based: 2011
Headquarter: Redwood Metropolis, California
Oracle HCM Cloud is a cloud-based human useful resource administration platform provided by Oracle Company. The software program’s steady launch was in Aug 2017. In 2021, Oracle had round 136,000 staff and reported $40.5 billion in income. 
Oracle HCM Cloud is a cloud-based utility suite with a proprietary license. The software program is a module of Oracle Fusion Functions, together with CRM, HCM, SCM, Venture Administration, Danger and Compliance, Procurement, Governance, and Financials. Customers get all these options in a single platform. Oracle additionally presents.
The Oracle Work-Life Options, a high-end work-life module that reinforces worker engagement and productiveness. This module will increase Oracle HCM’s aggressive benefit over Workday. Oracle HCM Cloud is without doubt one of the high Workday opponents within the HCM section.
4. Ceridian Dayforce
12 months based: 1992
Headquarter: Minneapolis, Minnesota
Ceridian HCM is an HR software program and providers firm with workplaces within the US, Canada, Europe, Australia, and Mauritius. Dayforce is Ceridian’s flagship cloud-based HCM platform that gives HR, payroll, advantages, and expertise administration performance. In 2021, Ceridian HCM had 5,974 staff and generated $1.02 billion in income.
Each Ceridian and Workday function within the HCM market. Ceridian Dayforce permits organizations to optimize the whole worker lifecycle, from engagement, payroll, and deployment.
The corporate expects round $1.2 billion in income in 2022, with Dayforce bringing over $751 million. Ceridian Dayforce is a worthy various to Workday. 
5. Final Kronos Group (UKG) Professional
12 months based: 2020
Headquarter: Lowell, Massachusetts, and Weston, Florida
UKG is a multinational tech firm that provides workforce administration and HRM providers. The corporate is owned by Hellman & Friedman at 50% share and The Blackstone Group at 25%. In 2021, UKG had round 12,000 staff and generated $3.26 billion in income.
UKG was born from a historic merger that created one of many main HCM firms. Its UKG Professional answer competes with Workday.
This platform makes use of a singular Life-work Know-how method to HR, payroll, and workforce administration. Over 50,000 organizations globally depend on UKG Professional to anticipate and adapt to their staff’ wants. UKG is a formidable Workday competitor. 
12 months based: 2008
Headquarter: Lindon, Utah
BambooHR is an HR SaaS firm that provides cloud-based human useful resource administration software program (HRMS). The platform helps SMBs streamline advantages administration, payroll and efficiency administration, and onboarding. In mid-2021, BambooHR employed greater than 500 new staff. The corporate now employs over 1,200 folks globally. 
The primary aggressive benefit for BambooHR is its sturdy reporting, advantages administration, and expense monitoring capabilities. SMBs should buy Important or Benefit paid plans to trace their efficiency and handle the whole employment lifecycle, from recruiting to retirement.
Over 1,000,000 shoppers and 20,000 firms like Asana, Foursquare, and Reddit use BambooHR. BambooHR is without doubt one of the greatest Workday options for SMBs within the HRMS market.
12 months based: 2015
Darwinbox is a number one cloud-based human assets administration software program. The corporate presents an built-in HR platform that automates HR processes. In Feb 2022, Darwinbox attained the unicorn standing after elevating $72 million. 
Darwinbox engages and empowers staff whereas simplifying all HR processes. The platform automates recruitment, payroll, worker engagement, expertise administration, and analytics. It additionally permits customers to construct intuitive workflows and combine all HR sides. Darwinbox is a worthy Workday competitor.
12 months based: 2006
Headquarter: Gurugram, India
PeopleStrong is an enterprise HR tech startup that provides a mobile-first expertise working system powered by AI and machine studying. Its cloud-based HR platform caters to giant companies and covers all of the facets of the HR ecosystem. In 2021, PeopleStrong served over 2 million staff.
PeopleStrong just lately launched its HR Tech 4.0 platform. This answer extends PeopleStrong’s system to HR SuperApp, permitting organizations to create seamless experiences all through the worker journey.
In Mar 2022, PeopleStrong acquired the compensation platform PayReview in a money and inventory deal. PayReview shall be built-in into PeopleStrong’s HR Tech 4.0 platform, combining work pay and expertise compensation. This intuitive answer automates the compensation overview and increment course of. PeopleStrong is an modern Workday competitor. 
9. Zoho Individuals Plus
12 months based: 1996
Headquarter: Chennai, Tamil Nadu, India
Zoho Individuals Plus is an HR answer from India’s main software program firm Zoho. It presents digital HR experiences and permits customers to handle the whole worker lifecycle on a single built-in platform. In 2021, Zoho had greater than 60 million customers and reported a 22.3% improve in income to $697 million. 
Each Zoho Individuals Plus and Workday supply efficiency administration, HR analytics, course of automation, LMS, timesheets, and worker onboarding and database. Zoho permits customers to construct private workflows and join efficiency monitoring with timesheets.
The software program additionally presents worker self-service choices, together with assist desk, time-off and journey requests, and inside collaboration. Zoho Individuals Plus is a worthy various to Workday for small and medium-sized companies.
12 months based: 2012
Headquarter: San Francisco, California
Gusto is a web-based HRMS platform that provides cloud-based payroll, advantages, and HR features for SMBs. In 2021, Gusto raised $175 million in a funding spherical at a valuation of $9.5 billion. The corporate has round 1,400 staff and generates about $290 million in income yearly.
GustoHR is without doubt one of the most precious non-public firms within the HRMS house and ranks 25th on the 2021 Forbes Cloud 100 record. Its platform presents user-friendly instruments for report era and payroll automation. In 2021, GustoHR commenced the IPO course of with plans to go public.
Over 200,000 prospects depend on GustoHR for knowledgeable assist, worker onboarding and collaboration, managed time-off, payroll administration, and HR advisory on-demand. GustoHR is without doubt one of the greatest options to Workday for small companies and organizations that use contractors. 
11. Epicor HCM
12 months based: 1972
Headquarter: Austin, Texas
Epicor Software program is a personal firm owned by KKR. The corporate presents software program for human capital administration, provide chain administration, and ERP. In 2021, Epicor had 4,873 staff throughout 30 places globally.
Epicor HCM competes towards Workday within the human capital administration section. This versatile answer gives self-service HR, enhancing engagement and communication. Candidates can view their job utility standing.
The software program additionally permits staff to test their advantages, time-off, and different particulars, measure achievements and take possession of their skilled careers. In 2021, Epicor carried out a no-code answer for detailed personalization and launched Epicor Digital Assistant (EVA) to help customers in routine duties. Epicor HCM is a versatile various to Workday. 
12. Infor CloudSuite HCM
12 months based: 1998
Headquarter: New York, NY
Infor CloudSuite HCM is a human capital administration answer. In Feb 2020, Kock Industries acquired Infor to diversify its portfolio. The corporate additionally presents Infor CloudSuite CRM that helps companies improve buyer engagement, loyalty, and satisfaction. In 2021, Infor had round 17,000 staff and greater than 65,000 prospects in 175 international locations. 
Infor CloudSuite HCM is a cloud-based answer that provides expertise administration and HR features, together with time and workforce administration, advantages, payroll, and analytics. Customers can leverage its analytics bundle to entry BI instruments with out switching functions.
This function gives insights into staffing effectiveness and productiveness. The platform makes use of ION middleware and machine studying for automation and permits customers to combine with ERP software program on a plug-and-play foundation. Infor CloudSuite HCM is without doubt one of the most modern Workday opponents.
12 months based: 2012
Headquarter: Tel Aviv, Israel
Monday.com presents a cloud-based work working system for HR, challenge managers, and different enterprise features. The platform helps customers construct customized workflow apps and handle processes and tasks. In 2021, Monday.com had round 1,000 staff and greater than 100,000 enterprise shoppers.
Monday.com is a collaborative software for workers with an easy-to-use customizable interface and templates. The software program integrates with the preferred enterprise instruments, resembling Microsoft Venture, Google Drive, and Dropbox.
In Jun 2021, Monday.com went public in a $574 million IPO at a valuation of $7.5 billion. The corporate offered 3.7 million shares. Monday.com is without doubt one of the greatest options to Workday for challenge managers. 
12 months based: 2012
Headquarter: New York, N.Y.
Particularly is an HR software program and providers firm that provides payroll, expertise administration, advantages, onboarding, and compliance. In 2021, Particularly generated about $40 million in income. The corporate had round 240 staff after shedding 40% of its workforce in 2020. The HR specialist 
Each Particularly and Workday simplify and automate HR features for companies. Nevertheless, Particularly customizes options to customers’ wants and caters to SMBs. Round 1,000 prospects use Particularly’s analytics instruments for time monitoring, experiences, payroll, and advantages administration.
The platform additionally permits customers to trace worker efficiency. Particularly is without doubt one of the greatest options to Workday for small and medium-sized companies.
12 months based: 2013
Headquarter: San Francisco, California
Zenefits is an HR software program firm that simplifies payroll, advantages, and worker onboarding. It was one of many fast-growing companies in Silicon Valley however light into oblivion after the founder and CEO resigned. In 2021, private-equity agency Francisco Companions took management of Zenefits in a financing deal. 
Zenefits is an all-in-one HR answer that provides onboarding, expertise and efficiency administration, advantages, time and attendance, and workforce planning performance. It’s appropriate for companies of all sizes.
SMBs should buy the Necessities plan and improve to entry further options. Zenefits is without doubt one of the high options to Workday Monetary Administration.
References & extra data
- Greig, J. (2022, Feb 28). Workday experiences $5.14 billion in income for 2021 and $1.38 billion for This fall. ZDNet
- Nice Speculations (2021, Jul 15). Rising Demand May Assist Workday Inc. Inventory Regain Current Highs. Forbes
- McKenna, B. (2022, Jan 27). SAP full-year 2021: Income nudges up 1%, cloud development up 17%. Pc Weekly
- SRD (2022, Jan 11). ADP’s world income by section 2010-2021. Statista
- Liu, S. (2021, Jun 23). Income of Oracle 2005-2021. Statista
- Ceridian HCM Inc. (2022, Could 4). Ceridian Studies First Quarter 2022 Outcomes. Globe Newswire
- UKG (2022, Could 3). UKG Workforce Exercise Report: Economic system Exhibits Indicators of Stress in Apr. Enterprise Wire
- Bamboo HR LLC (2021, Apr 26). BambooHR to Rent 500 New Staff in 2021. PRNewswire
- JVC Editor (2022, Feb 6). Can Darwinbox Reimagine Human Capital from India to the World? A Junior VC
- Pathak, S. (2022, Mar 9). PeopleStrong acquires PayReview. Entrackr
- Tyagi, G. (2022, Feb 15). Zoho’s revenue soars to Rs 1,918 Cr in FY21; income crosses Rs 5,200 Cr. Entrackr
- Denims, D. (2021, Aug 10). Gusto Secures a $10 Billion Valuation Tailwind as its HR Software program Sails Towards IPO. Forbes
- ERP Advisors (2021, Aug 1). Epicor Insights 2021: Suggestions and Future Outlook. ERP Advisors Org
- Bauer, S. (2021, Jul 13). Infor Proclaims Harman Heavy Car Specialists as a centesimal Buyer to Go Dwell on Infor CloudSuite Distribution. PR Information
- Crystal, T. (2021, Jun 10). com Jumps in Debut After Elevating $574 Million in US IPO. Bloomberg
- Loizos, C. (2021, Could 2). Particularly, former highflier slashes employees as demand for HR software program dries up. TechCrunch
- Feldman, A. (2021, Mar 18). Zenefits does cope with a Non-public Fairness Agency that offers it management. Forbes
- Featured picture by Headway
Inform us what you suppose? Did you discover this text fascinating? Share your ideas and experiences within the feedback part beneath.