Workday Review 2024: Pricing, Pros & Cons (2024)

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

Our Verdict

Our Verdict

Read our Workday review to assess this popular payroll solution’s pricing, features and support. We’ll also highlight how it compares to the competition.

Summary:

Workday is a cloud-based human capital management solution that integrates with various business applications. It allows companies to manage all aspects of their workforce, from recruitment and onboarding processes to performance management and compensation programs, all in one place.

Based in Pleasanton, California, Workday has been around since 2005 and commonly is used by medium- to large-sized companies. If you’re looking for a platform that incorporates simple solutions, such as time tracking and payroll management to robust capabilities, such as advanced analytics, human resources (HR) management or data visualization reports, then Workday will be a great fit for you.

Pros

  • Known for its ease of use and intuitive user interface
  • Customizable options
  • Offers adequate integration to other third-party apps
  • Customer support via phone and online

Cons

  • Lacks transparent pricing
  • No free version
  • Users have to request free trials (for the Workday Adaptive Planning platform)

Workday Review 2024: Pricing, Pros & Cons (1)

3.6

Workday Review 2024: Pricing, Pros & Cons (2)

Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.

Starting price

Requires a custom quote

Talent management

Yes

Key features

Big data analytics integration, mobile-friendly and custom reports

Table of Contents

  • Workday At a Glance
  • Other Benefits
  • How Workday Stacks Up
  • Is Workday Right for You or Your Business?
  • Frequently Asked Questions (FAQs)

Show more

Workday At a Glance

Workday HCM is a cloud-based HR software that provides a comprehensive suite of HR services to help you manage your workforce. It offers many features, such as employee self-service, payroll processing and talent management.

Workday Pricing and Costs

Workday does not present any pricing information on its website and prefers to deal with the involved companies directly to be able to give a tailored quote for the company’s needs. However, some users report that pricing usually starts at $99 per user, per month.

Featured Partners

Advertisem*nt

1

OnPay

Benefits administration

Yes

Contractor payments

Yes

Base monthly price

$40 per month + $6 per user

1

OnPay

Workday Review 2024: Pricing, Pros & Cons (3)

Workday Review 2024: Pricing, Pros & Cons (4)

Learn More

On OnPay's Website

2

SurePayroll

Benefits Administration

Yes

Contractor Payments

Yes

Base Price

$29.99/mo plus $5 per employee

2

SurePayroll

Workday Review 2024: Pricing, Pros & Cons (5)

Workday Review 2024: Pricing, Pros & Cons (6)

Learn More

On SurePayroll's Website

3

Gusto

Benefits administration

Yes

Contractor payments

Yes

Base monthly price

$40 per month plus $6 per user

3

Gusto

Workday Review 2024: Pricing, Pros & Cons (7)

Workday Review 2024: Pricing, Pros & Cons (8)

Learn More

On Gusto's Website

4

Rippling

Benefits administration

Yes

Contractor Payments

Yes

Base Price

$35/month plus $8 PEPM

4

Rippling

Workday Review 2024: Pricing, Pros & Cons (9)

Workday Review 2024: Pricing, Pros & Cons (10)

Learn More

On Rippling's Website

5

Justworks

Benefits Administration

Yes

Contractor Payments

Yes

Base Price

$50/month + $8/user

5

Justworks

Workday Review 2024: Pricing, Pros & Cons (11)

Workday Review 2024: Pricing, Pros & Cons (12)

Learn More

On Justworks' Website

Other Benefits

Recruiting

Workday Recruiting is a powerful tool for sourcing, screening and hiring the right talent. It helps you find top-flight candidates who meet your needs and expectations.

It also offers recruiters a rich set of features that streamline their recruiting workflow by providing them with access to a single platform where they can manage all aspects of their job search process—from sourcing candidates to evaluating applications and conducting interviews.

Reporting and Analytics

Reporting and analytics are the most important features of Workday. They’re also among the most comprehensive, advanced and user-friendly. The reporting component offers a wide range of tools for tracking employees’ performance data, analyzing competitors and helping with informed business decisions.

How Workday Stacks Up

WorkdayQuickBooksADP Run

Forbes Advisor Star Rating

Workday Review 2024: Pricing, Pros & Cons (13)
Workday Review 2024: Pricing, Pros & Cons (14)
Workday Review 2024: Pricing, Pros & Cons (15)

Free Trial

Yes (for the Workday Adaptive Planning platform)

30 days

No

Free Version

No

Yes

No

Starting Price

Usually requires a custom quote. Some users report that pricing starts at $99 per user, per month

Starts at $37.50 per month (for first three months, then $75 per month) plus $4 per person, per month

$59 per month + per person rate + fees for add-on features

Benefits Administration

Yes

Yes

Add-on features for retirement, health insurance and workers’ compensation

Automatic Tax Filing

No

No

Yes

Customizable

Yes

Yes

Yes

Time Tracking

Yes

Yes

Yes

Third-party Integrations

Yes

Yes

Yes

Ideal for

Medium to large-sized companies

Smaller teams and freelancers

Startups and small businesses with less than 50 employees

Customer Support

Customer support via phone and online

Live chat, knowledge base and blog but no phone support

24/7 support from certified payroll experts

Learn More

Read Reviews

Read QuickBooks Review

Read ADP Run Review

Workday HCM is an intuitive, user-friendly and easy-to-navigate software recommended for medium to large-sized companies but one of its major cons is the unavailability of a free version or lack of transparent pricing on the website. QuickBooks, which is higher rated offers a 30-day trial instead and has a free version for anyone interested in trying out the program. ADP Run on the other hand is suitable for businesses with less than 50 employees as it helps facilitate payroll for U.S.-based employees, offers automatic tax filing and reporting, and includes optional benefits administration in a self-service platform for employees.

Is Workday Right for You or Your Business?

Workday HCM is mainly designed for medium-to-large-sized companies with multiple locations. Large companies often have multiple applications and teams working on different projects at once while Mid-sized businesses tend to have fewer employees but their needs might still require advanced features.

If you own a company of 250-1000+ employees and need to incorporate workforce management tools (onboarding and training, scheduling, leave management) and human resources analytics tools ( compensation management, performance evaluation/management), then Workday is a good fit.

Frequently Asked Questions (FAQs)

Is Workday the best HR system?

Workday is touted as one of the best HR systems in the world as it helps in raising HR and payroll compliance and boosting efficiency all over different organizations. To help you find the right software for your business, we researched and tested the best HR systems based on features, pricing, support, integrations, user reviews and more.

Why is Workday so popular?

Founded in 2005, Workday has been a leader in the human capital management field. Its client base includes big brands like Walmart having about 2300000 employees, Alphabet Inc. and Apple Inc.

What is the best recruiting software?

The best recruiting platform for your organization depends on your specific needs. For example, Forbes Advisor considers ZipRecruiter the best solution for medium to large businesses, HiringThing best for small businesses, LinkedIn best for professional roles, Zoho Recruit best for staffing agencies, and Breezy HR best for fast-growing companies. Read our piece on the best recruiting software for more details.

What features should a payroll service for small businesses have?

The features you want in a payroll service for your small business include one that is simple to set up, provides payroll processing and management, makes it possible to do tax filing, creates detailed payroll reports, offers direct deposit to your employees, allows employees to make certain changes as needed, and offers quality customer support.

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circ*mstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.

Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.

Was this article helpful?

Send feedback to the editorial team

Workday Review 2024: Pricing, Pros & Cons (16)

Workday Review 2024: Pricing, Pros & Cons (17)

Thank You for your feedback!

Workday Review 2024: Pricing, Pros & Cons (18)

Something went wrong. Please try again later.

Workday Review 2024: Pricing, Pros & Cons (2024)
Top Articles
Latest Posts
Article information

Author: Msgr. Refugio Daniel

Last Updated:

Views: 6099

Rating: 4.3 / 5 (74 voted)

Reviews: 81% of readers found this page helpful

Author information

Name: Msgr. Refugio Daniel

Birthday: 1999-09-15

Address: 8416 Beatty Center, Derekfort, VA 72092-0500

Phone: +6838967160603

Job: Mining Executive

Hobby: Woodworking, Knitting, Fishing, Coffee roasting, Kayaking, Horseback riding, Kite flying

Introduction: My name is Msgr. Refugio Daniel, I am a fine, precious, encouraging, calm, glamorous, vivacious, friendly person who loves writing and wants to share my knowledge and understanding with you.