Wubba, wubba, wubba! I'm JJ
Fraction here with another video for TechnologyAdvice which you might be
wondering why is this video 80s Themed? For the same reason we went to the moon, because we can.
Human capital management, which has nothing to do with what those robots
were doing in The Matrix, which hasn't come out yet. Human capital management,
which has nothing to do with what Darth Vader was doing to the stormtroopers.
You know, he was like EHHH you know, EHHHHHH there you go. Is dominated by two software packages,
Workday and SAP SuccessFactors. Both are great, but they have some differences that
you should take into consideration when looking at cloud based HCMs. Thank goodness you have us,
your friends at TechnologyAdvice to help you do that. But before we dive into Ferris
Bueller's Workday Off versus the Secret of My SAP SuccessFactors, let's go over our contenders.
Workday is a cloud based enterprise resource planning ERP software solution. And like most
pieces of software, it considers itself a single system package that covers all your needs.
If you want reporting and analytics? Workday’s got it. If you want talent management. Workday
has that too. Pay sheet management? Yep. That's there. There's also some learning
and development happening in their as well. Workday is awesome enough that it’s publicly
traded and is used by National Geographic, Netflix, and Airbnb.
We think Workday is great but feel it works best for medium and large size enterprises.
As a note: we’re focusing only on Workday’s HCM solution, which also performs functions
like HRM and OPP, and YouKnowMe. Look, I know the acronyms are a lot
so I’m trying to keep it light. HRM means Human Resource Management.
SAP SuccessFactors is just as awesome as Workday and has many of the same features.
SAP functions as a human resources information system (HRIS), tracks time and attendance,
recruiting and onboarding, learning and development, workforce management,
and workforce planning analytics. While SAP’s ERP is used all around the
world you may recognize some of their clients like the San Francisco 49ers
in the US to Jaguar Land Rover in the UK. Alright so let's get to the first categories.
Both pieces of software allow you to manage basic core HR functions including ORG Charts.
They also both include HRIS as a functionality but they do it a bit differently between programs.
Workday presents its HRIS functionality with an intuitive dashboard view. You
can see the turnover rate, headcount by country, and employer cost by country.
There’s a self-service portal built into the software that allows staff members to do things
like submit time-off requests, log sick days, and update contact and banking information.
SAP SuccessFactors won’t be outdone by Workday. It also features an employee
self-service portal for submitting time-off requests and updating personal info.
They allow access through both the web and their own mobile apps for iOS and Android.
Within SuccessFactors, you can view and edit org charts, track and analyze turnover based
on employee tenure, check legal compliance with automatically updated local and global
regulations, admin benefits worldwide and customize their dashboard to get a
quick overview of company operations. By the way, if you head to our website
you can see a chart with everything that I’m talking about. Check the description
below for the link to this article or the original article. You know, I change it.
Make it all jazzy, for you, on screen. Payroll Management
With Workday, the payroll management feature opens up to a dashboard
overview of all the payment processes. You can view states like headcount by pay
group, income taxes by month, and more. There’s one teeny little problem or not
so teeny depending on your company size … but Workday thinks of itself as a global
solution. It can process international payments. But when they say global they’re only talking
about the US, Canada, the UK, and France. You can integrate it with a different payroll
provider to handle things outside of those places so – that’s something.
SuccessFactors, on the other hand, lets you run payroll in over 40 countries
while also staying up to date on any local processes and regulations that may exist.
It also does paysheet analytics in real-time that tracks employer taxes, net gross, and
comparisons by period and total employee taxes. It also has a built-in alert system that notifies
users of payment issues and anomalies. Compliance
Both Workday and SuccessFactors help to keep HR teams compliant around the world by letting them
set location, date, time, and privacy preferences unique to each location where they do business …
and by keeping track of local regulations and business practices depending upon that location.
Workday encrypts data and automatically translates apps and data into 35 languages.
While SAP works with over 40 languages and various dialects.
Both also offer further customization based on the location of the business and its employees.
Learning and Development Both Workday and SuccessFactors
offer built-in learning management systems (LMS) within their HCMs.
For Workday, they have partnerships with LinkedIn Learning, Skillsoft, and Udemy for Business.
Meanwhile, Successfactors has partnerships with Harvard Business Publishing, edX,
LinkedIn Learning, Coursera, and more. Workday’s software contains features
and capabilities focused on each individual worker’s career goals and development while ….
SuccessFactors provides educational resources to assist workers in progressing their careers
to obtain higher internal positions. Both Workday and SuccessFactors are
awesome pieces of software but the one you choose comes down to where your business
operates and how you want to view your data. Workday HCM is great if you operate in a few
different Western countries and you like in-depth reports and visualizations about your company.
If you work outside of the US, the UK, France, or Canada, then you should consider
SAP SuccessFactors. The user interface isn’t as clean and modern as Workday but it’s a
powerful system that operates in many countries. Either way, if you’re still a little iffy on which
solution you’d like to choose then you can feel free to take a look at some others on our website.
Did that exist in the 80s? Websites? No? Or you could look at this playlist we made
just for you right here. Finally, you can subscribe so you can get more awesome videos from
TechnologyAdvice. We would love it if you did. Subscribe. Please. Please? Please? We’ll see you
next time! Dude and dudettes. Gnarley, excellent, bogus ... was that 80s? I don't know ...