Workday is a popular cloud-based human resources management system (HRMS) that offers a comprehensive suite of tools, including Workday Payroll, to help businesses manage their payroll processes efficiently. Workday Payroll provides features such as payroll calculations, tax management, and compliance reporting. However, as technology continues to evolve, there are now several alternatives and competitors to Workday Payroll that offer similar functionalities. In this article, we will explore the top 10 best Workday Payroll alternatives and competitors in 2024.

1. ADP Workforce Now

ADP Workforce Now is a robust HRMS platform that offers a wide range of features, including payroll processing. With its intuitive interface and automated payroll capabilities, ADP Workforce Now simplifies the payroll process for businesses of all sizes. It also provides comprehensive tax management and compliance reporting, ensuring accuracy and adherence to regulations. ADP Workforce Now offers additional modules for time and attendance tracking, benefits administration, and more, making it a versatile alternative to Workday Payroll.

2. Gusto

Gusto is a user-friendly payroll software designed specifically for small businesses. It offers a streamlined payroll processing system with features such as automatic deductions, tax filings, and direct deposit. Gusto also provides a self-service portal for employees to access their pay stubs and tax documents. With its intuitive interface and affordable pricing plans, Gusto is an excellent alternative for small businesses seeking a simple yet effective payroll solution.

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3. Paychex Flex

Paychex Flex is a comprehensive HRMS platform that encompasses a range of services, including payroll processing. With its robust payroll engine, Paychex Flex can handle complex payroll calculations and deductions while ensuring compliance with tax regulations. It also offers additional features such as time and attendance tracking, benefits administration, and employee self-service capabilities. Paychex Flex provides scalability and flexibility, making it a suitable alternative for businesses of all sizes.

4. BambooHR

BambooHR is an all-in-one HRMS platform that includes payroll management as one of its core features. With its intuitive interface and automated payroll workflows, BambooHR streamlines the entire payroll process, from calculating wages to generating pay stubs. It also offers comprehensive reporting and analytics capabilities, enabling businesses to gain valuable insights into their payroll data. BambooHR's user-friendly design and emphasis on employee self-service make it a compelling alternative to Workday Payroll.

5. Kronos Workforce Ready

Kronos Workforce Ready is a cloud-based HRMS platform that offers a range of features, including payroll processing. With its robust payroll engine and configurable rules engine, Kronos Workforce Ready can handle complex payroll calculations while ensuring compliance with tax regulations. It also provides self-service capabilities for employees to view and manage their payroll information. Kronos Workforce Ready offers additional modules for time and attendance tracking, scheduling, and HR management, providing a comprehensive solution for businesses.

6. Paylocity

Paylocity is a cloud-based payroll and HR management platform that caters to businesses of all sizes. With its intuitive interface and powerful payroll engine, Paylocity simplifies payroll processing while ensuring accuracy and compliance. It offers features such as tax management, direct deposit, and employee self-service capabilities. Paylocity also provides additional modules for benefits administration, time and attendance tracking, and talent management, making it a versatile alternative to Workday Payroll.

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7. Namely

Namely is a comprehensive HRMS platform that includes payroll management as one of its core features. With its user-friendly interface and automated payroll workflows, Namely simplifies the payroll process for businesses. It offers features such as tax management, compliance reporting, and employee self-service capabilities. Namely also provides additional modules for benefits administration, time and attendance tracking, and performance management, making it a comprehensive solution for businesses seeking an alternative to Workday Payroll.

8. Zenefits

Zenefits is an all-in-one HRMS platform that offers payroll processing as part of its suite of services. With its intuitive interface and automated payroll workflows, Zenefits simplifies payroll management for businesses. It offers features such as tax management, compliance reporting, and employee self-service capabilities. Zenefits also provides modules for benefits administration, time and attendance tracking, and performance management, making it a versatile alternative to Workday Payroll.

9. Sage HRMS

Sage HRMS is a comprehensive HRMS platform that includes payroll management as one of its core features. With its robust payroll engine and configurable rules engine, Sage HRMS can handle complex payroll calculations while ensuring compliance with tax regulations. It offers features such as tax management, direct deposit, and employee self-service capabilities. Sage HRMS also provides additional modules for benefits administration, time and attendance tracking, and talent management, making it a comprehensive alternative to Workday Payroll.

10. QuickBooks Payroll

QuickBooks Payroll is a popular payroll software designed for small businesses. With its user-friendly interface and automated payroll capabilities, QuickBooks Payroll simplifies the payroll process for small businesses. It offers features such as tax management, direct deposit, and employee self-service capabilities. QuickBooks Payroll integrates seamlessly with QuickBooks accounting software, providing a comprehensive solution for businesses seeking an alternative to Workday Payroll.

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In conclusion, while Workday Payroll is a widely used payroll management system, there are now several alternatives and competitors that offer similar functionalities. Whether you prefer the comprehensive HRMS capabilities of ADP Workforce Now, the user-friendly design of Gusto, or the scalability of Paychex Flex, each alternative provides its own unique advantages. Consider your specific payroll needs, budget, and scalability requirements when choosing the best Workday Payroll alternative or competitor for your business in 2024.