When it comes to choosing a payroll provider, there are a lot of factors to consider. But two of the most popular providers are Paylocity and Workday. In this article, we'll take an in-depth look at both of these providers, their features, and their pros and cons.

Paylocity

Paylocity is a cloud-based payroll and human capital management provider. They serve over 15,000 companies and have been in business since 1997. Paylocity is headquartered in Schaumburg, Illinois.

Features

Paylocity offers a comprehensive suite of payroll and human capital management features. Their payroll features include online and mobile access, direct deposit, tax filing, and time and attendance tracking. Their human capital management features include applicant tracking, onboarding, performance management, and learning and development. They also offer a benefit administration platform that includes open enrollment, health insurance, and 401(k) administration.

Pros

Paylocity's comprehensive suite of features is one of their biggest selling points. Their payroll features are robust and their human capital management features are top-notch. They also offer excellent customer support. Their customers rave about their responsive and helpful customer service representatives.

Cons

One downside of Paylocity is that their pricing is not transparent. They do not list their prices on their website, so potential customers have to request a quote. This can be frustrating for those who are just trying to get a ballpark idea of what Paylocity would cost. Another downside is that their user interface is not as intuitive as some of their competitors. This can make it difficult to find and use the features you need.

Workday

Workday is a cloud-based financial management and human capital management provider. They serve over 2,700 companies and have been in business since 2005. Workday is headquartered in Pleasanton, California.

Features

Workday's financial management features include accounting, financial planning and analysis, and cash management. Their human capital management features include applicant tracking, onboarding, performance management, and learning and development. They also offer a benefit administration platform that includes open enrollment, health insurance, and 401(k) administration.

Pros

Workday's financial management features are some of the best in the industry. Their human capital management features are also excellent. They offer excellent customer support. Their customers rave about their responsive and helpful customer service representatives.

Cons

One downside of Workday is that their pricing is not transparent. They do not list their prices on their website, so potential customers have to request a quote. This can be frustrating for those who are just trying to get a ballpark idea of what Workday would cost. Another downside is that their user interface is not as intuitive as some of their competitors. This can make it difficult to find and use the features you need.