Dayforce HCM
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Dayforce HCM by Ceridian

Dayforce HCM is a cloud-based application for Payroll & Tax, Benefits, Workforce Management, Human Resources, Talent Management, Document Management, and Analytics. As a single application for HCM, Dayforce provides organizations with unprecedented access to real-time data and results across all domains of HCM. With one employee record, one user experience and no interfaces, organizations can find and hire the right people, process pay, manage benefits enrollment, maintain HR records, and schedule staff with work-life balance while managing compliance.
DAYFORCE HCM
Cost of Ownership

Cost Structure for Dayforce HCM:

License/Subscription Cost Pricing includes monthly subscription fees based on number of users (refer to the pricing section for details)
Maintenance Cost Included in the subscription cost
Installation/Implementation Cost Included in the upfront cost/subscription cost
Customization Cost Cost will vary depending on the functional requirements such as configurable dashboards, type of data elements required for tracking, complexity of workflows, forms to collect additional data, UI changes, etc.
Data Migration Cost/Change Management/Upfront Switching Cost Dependent on your current software, amount of data to be migrated, availability of migration tools, complexity of data and gaps between the existing system and the new system.
Training Cost Dependent on the type of training opted by an Organization, whether it is end-user training or group/department training or video/self-training or training the trainer
Recurring/Renewal Costs Depends on the subscription model selected by user
Pricing Details
Product Name Description Price/Details
Subscription Cost

Dayforce Benefits includes:

  • Tools for managing enrollment, calculating, testing and analyzing eligibility
  • Supports unlimited number of plan types
  • Enables comparisons of available options
  • Compliance testing
  • Analyzing benefits-spend

Dayforce Payroll includes:

  • Enable managers to view, edit, fix and preview payroll in real-time
  • Embedded analytics

Dayforce HCM’s Payroll and Benefits applications are sold as a package or as a standalone application

  • Package Price (Dayforce HCM’s Payroll + Benefits applications): $11.50/user/month
  • Standalone Price (Payroll only): $10/user/month
Deployment Options What options are available for product deployment? Cloud-based/SaaS
Pricing Model What is the pricing model?
  • Subscription-based (monthly payment)
  • Quote-based
Minimum Commitment No minimum commitment required for purchase Minimum annual commitment is required for purchase
Custom Quote Is there an option of requesting custom quote? Available
Free Trial Does the vendor provide a free trial option? No
Product Limitations

Some of the product limitations include:

  • The cloud-based solution does not offer robust reporting capabilities, though a new business intelligence tool has been introduced to fill the gaps.
  • Dayforce HCM is a cloud-based solution and does not offer on-premise installation
  • Does not support training management
  • The solution does not offer functionalities such as automatic reminders, custom fields, data filtering, email notifications, multi-currency, signature capture, to name a few
  • Navigation between modules is a cumbersome task
Competitors

ADP Workforce Now

Workday

Kronos Workforce Central Suite

Benefits

  • Intuitive guided process with rich decision support tools to complete annual or event-driven enrollments.    
  • Employees gain easy access to detailed coverage information over the web at any time.    
  • Automated compliance with the eligibility, affordability and reporting requirements of the Affordable Care Act. 
  • One Employee Record: Consolidates all HCM processes - One User Experience: A consistent, intuitive interaction for all users 
  • Zero Interfaces: For ease of use, enhanced accessibility and elimination of error