Dayforce

Dayforce Buyers Guide

For rapidly growing organizations, managing various aspects of the employee lifecycle becomes crucial. Through strategic management, your organization can provide a consistent employee experience, increasing employee satisfaction with their work. Hiring new employees is an expensive process, and by reinvesting in current employees, your business can achieve growth goals with an existing team of hard-working employees.

However, maintaining and sustaining a satisfactory employee lifecycle can sometimes become challenging. That’s where Dayforce comes into play. The tool is excellent for managing payroll, benefits, workforce management, HR, talent management, and analytics. But what makes Dayforce such a strong companion for human resource departments? Here’s a complete breakdown of all the factors that make it such an impressive, all-round employee management and HR system:

Dayforce Overview: Key Takeaways

• Dayforce is a comprehensive tool offering core HRM abilities for enterprise-level organizations.
• The tool’s extensive focus on helping organizations stay compliant with global regulations (especially when they have global teams) is commendable.
• The data insights are diverse and cover major human resource management metrics. Artificial Intelligence (AI) capabilities further intensify the features the tool can offer.
• Dayforce is easy to use, and there are no technical requirements that an organization must fulfill before it can start using the tool.

What Is Dayforce?

Dayforce (previously known as Ceridian) is an enterprise-grade Human Capital Management (HCM) solution. It's a powerful tool extensively used as a one-stop HRIS platform. The tool covers every possible HR need of an organization, including payroll, time and attendance, employee benefits, taxes, recruiting, performance management, learning, and employee onboarding. Dayforce integrates deeply with any organization, ensuring every human resource need is met.

Overview Of Dayforce Benefits

Dayforce is popular for its single database architecture, which allows the tool to offer a fully integrated core HR experience. The tool can eliminate duplicate datasets and ensure that every human resource gets the technical support needed to ensure smooth employee lifecycle requirements.

The key benefits of Dayforce include:

• Ability to manage all the core HR requirements, including payroll processing, tax filing and compliance workflows, cross-functional reporting, and keeping all records under one centralized, accessible system.
• The tool offers the convenience of multinational global payroll feasibility while adhering to the regulatory requirements of the target region. Dayforce also simplifies managing international contractors or subsidiaries.
• Dayforce also integrates Artificial Intelligence, making it easier for HR departments to utilize features like predictive analytics, intelligent scheduling, and automated workflows.
• The tool includes features like compensation management, performance reviews, and succession planning, making it an all-round solution for all HR processes.

What Is Dayforce Used For?

Dayforce is a versatile tool that equips human resource departments with advanced HR management features. The tool often finds its use in:

Document Management

The single management system allows for the keeping and maintaining of all documents in a single system. Control access and documentation integration make data management easy.

Employee Management

With the integration of Artificial Intelligence in the tool, features like predictive analysis make employee management more efficient. With this, organizations can ensure they are continuously working to refine the employee experience.

Email Notifications

Send informative and properly formatted emails for any need or occasion.

Email Templates

Use the extensive range of available email templates for recruiting, onboarding, and general communications.

Business Intelligence

The tool has AI integrations, making it excellent for making data-driven decisions in the best interest of your organization.

Benefits Management

Introduce and manage employee benefits to ensure that every employee can enjoy the benefits the organization offers.

Activity Dashboard

Track performance, payroll, and attendance to ensure every employee’s performance is tracked.

360 Degree Feedback

The tool can be used to track and analyze employee performance data in depth and generate detailed reports based on reviews.

CRM Integration

Dayforce can easily integrate with different types of CRM to provide an excellent foundation for building powerful workflows.

Best Use Cases For Dayforce

Dayforce offers many features that make it ideal for all the core HR needs. Industries that commonly use the tool include:

Retail

The tool’s workforce, payroll, and talent management help a retail business manage its staff shifts better while ensuring fair payouts and an excellent employee experience.

Large Enterprises

The tool allows a large enterprise to manage all its human resources tactfully and efficiently under one roof. It will enable your organization to grow without worrying about HR management.

Global Companies

With its features and ability to manage global payments and processes, the tool is a great fit for large enterprises looking for an all-round HR solution for their target region.

HR Departments

Dayforce offers a comprehensive suite of beneficial features for establishing and seamlessly running the core human resource department’s needs.

Hourly Workforces

If you have teams that work hourly, Dayforce can be immensely helpful in ensuring attendance, payroll management, and performance tracking.

Healthcare

Dayforce can be used for attendance tracking and shift management to ensure efficiency and productivity in the healthcare unit.

Areas of Consideration with Dayforce

Dayforce is incredibly versatile, yet the following are some considerations to keep in mind when opting for the tool:

1. Learning Curve

While the platform focuses on User Interface (UI) modernization, the tool's User Interface sometimes seems unpolished and lacking sophistication. Next-gen platforms also lack the intuitiveness of the present generation of tools.

2. Reporting Limitations

The reports generated by the tool can have formatting limitations, meaning they cannot be edited beyond a particular point.

3. Customer Support

Customer support can be tricky.. However, ample resources are available to troubleshoot minor problems.

4. Small Businesses

Dayforce is designed to fulfill the HR needs of larger enterprises, and it might not fit well for small businesses. It becomes a limitation if a small business is looking for all-round HR support and management.

Dayforce Key Features

The key features of Dayforce include:

• Dedicated payroll management to ensure accurate and timely payments to employees are issued.
• Benefits administration ensures every employee in the organization is receiving the benefits listed in the organization’s policies.
• An effective talent management strategy enables your organization to attract, develop, and retain top talent.
• Streamlining the management of human resources for maximized productivity and accuracy in data.
• Real-time data analytics to ensure your organization is accurately gauging all the necessary HR metrics properly.
• Utilizing datasets to support decision-making and strategic planning that aligns with the business growth requirements.
• The tool can ensure compliance management, especially if your organization works with a global team.

Dayforce Pricing Plans

Dayforce’s pricing plans are available on a customizable basis, per employee/contractor per month. It’s estimated that the plan can cost anywhere between $22 and $31 per employee per month (PEPM).

Deciding If Dayforce Is Right For Your Business

Dayforce is the ultimate way to enhance productivity by ensuring accuracy in human resource management. However, it’s crucial to understand if the tool is right for you. Here are some key parameters to keep in mind when deciding to opt for Dayforce:

Holistic HR Needs

Holistic HR manages the employee experience and ensures the entire employee lifecycle is optimized for performance, efficiency, and satisfaction. Dayforce allows HR departments to thoroughly understand their employees and offer comprehensive solutions to enhance their overall working experience with your organization.

Integration Requirements

Dayforce is versatile and comes with various integration options, ensuring any tool your organization uses can be paired with it.

Budgetary Constraints

It’s essential to determine a set budget before choosing the Dayforce tool. As the price ranges between $22-31 per employee per month (PEPM), it’s best to understand the requirements and choose accordingly.

Support Expectations

Dayforce offers excellent customer support, ensuring anyone looking for help and assistance finds it easily. If your team is new to modern HR tools, then this service will save time and confusion.

Dayforce vs. Top Alternatives

The top alternatives for Dayforce include:

• • SAP SuccessFactors HCM
    -A comprehensive tool offering a global reach, highly functional features, and capabilities.
    -It is ideal for large or multinational companies with growing demands.
  • Workday Human Capital Management
    -It’s popular for its robust enterprise-level functionalities and capabilities.
    -The features of financial management and analytics are highly regarded.
  • UKG Pro
    -It offers an extensive range of HCM solutions that strongly focus on employee experience.
    -The tool works seamlessly for mid-sized to large enterprises.

Conclusion

Dayforce is an excellent platform for holistic human resource management. Its modern and powerful suite of features and functionalities guarantees lower errors while smoothening HR processes. The tool’s global presence makes it a top preference. It offers a range of features that can seamlessly integrate into your current system, allowing for better data control. With Dayforce, your organization can improve employee engagement and experience, resulting in lower employee turnover and higher employee satisfaction rates.

FAQ (Frequently Asked Questions)

What Is Dayforce's Pricing Model?

Dayforce offers a subscription-based pricing model. The billing cycles are either quarterly or annually. The tool also comes with a one-time implementation cost.

Is Dayforce Easy To Use?

Yes, Dayforce is easy to learn and use. It doesn’t require extensive training or knowledge of how technology works.

Does Dayforce Have A Free Trial?

There is no free trial available for Dayforce. However, you can get a free consultation with their product experts to clarify your doubts or better understand the product.

How Much Does Dayforce Cost?

Dayforce can cost anywhere from $22 to $31 per month per employee. The tool also comes with a one-time implementation cost, usually around 50% of the first year's subscription.

What Are Some Of Dayforce's Strengths?

The strengths of Dayforce include:

• It offers core HR management features all under one tool.
• The tool extensively focuses on improving employee job satisfaction levels.
• There are no technological prerequisites that the organization needs to have before it starts using Dayforce.

What Are Some Considerations When Choosing Dayforce?

The key considerations to have before you start using Dayforce are:

• The budget your organization is comfortable spending to acquire the tool.
• The unique challenges your organization would like to solve with the tool.
• If there are any specific integration or technological specifications that you would like Dayforce to accommodate.

How Reliable Is Dayforce?

Dayforce is a highly reliable tool. It is rated 4.2/5