SAP SuccessFactors vs Workday's HCM/HRM

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The video introduces the topic of human capital management and compares two software packages: Workday and SAP SuccessFactors.

Introduction to Human Capital Management

• Human capital management (HCM) is discussed, which is different from the robots in The Matrix or what Darth Vader did to stormtroopers.

• Workday and SAP SuccessFactors are the dominant software packages in HCM.

Workday vs. SAP SuccessFactors

This section provides an overview of Workday and SAP SuccessFactors as contenders in cloud-based HCM.

Workday

• Workday is a cloud-based enterprise resource planning (ERP) software solution.

• It offers features such as reporting and analytics, talent management, pay sheet management, learning and development.

• Workday is publicly traded and used by companies like National Geographic, Netflix, and Airbnb.

• It works best for medium and large-sized enterprises.

SAP SuccessFactors

• SAP SuccessFactors has similar features to Workday.

• It functions as a human resources information system (HRIS) and includes time tracking, recruiting, onboarding, learning and development, workforce management, and workforce planning analytics.

• It is used globally by clients like the San Francisco 49ers in the US and Jaguar Land Rover in the UK.

Core HR Functions

This section compares how both software packages handle core HR functions.

Workday

• Workday presents its HRIS functionality through an intuitive dashboard view.

• Features include turnover rate analysis, headcount by country, employer cost by country.

• There's a self-service portal for staff members to submit time-off requests and update personal information.

SAP SuccessFactors

• SuccessFactors allows viewing/editing org charts, turnover analysis based on employee tenure, legal compliance tracking, benefits administration, and customizable dashboards.

• It offers a self-service portal for time-off requests and personal info updates through web and mobile apps.

Payroll Management

This section compares the payroll management features of Workday and SAP SuccessFactors.

Workday

• Workday provides a dashboard overview of payment processes.

• Features include headcount by pay group, income taxes by month, etc.

• It can process international payments but is limited to the US, Canada, UK, and France. Integration with other payroll providers is possible.

SAP SuccessFactors

• SuccessFactors allows running payroll in over 40 countries while staying up-to-date with local processes and regulations.

• Real-time paysheet analytics track employer taxes, net gross, comparisons by period/employee taxes.

• It has an alert system for payment issues/anomalies.

Compliance

This section discusses how both software packages help ensure HR teams' compliance worldwide.

• Both Workday and SuccessFactors allow setting location-specific preferences for compliance.

• They track local regulations/business practices depending on the location.

• Workday encrypts data and translates apps into 35 languages.

• SAP works with over 40 languages/dialects and offers customization based on business/employee locations.

New Section Workday vs SuccessFactors

This section compares the features and capabilities of Workday and SuccessFactors, two software solutions for career development and progression.

Workday Features and Capabilities

• Workday has partnerships with Harvard Business Publishing, edX, LinkedIn Learning, Coursera, and more.

• It focuses on individual worker's career goals and development.

• Provides in-depth reports and visualizations about the company.

• Suitable for businesses operating in a few different Western countries.

SuccessFactors Features and Capabilities

• SuccessFactors provides educational resources to assist workers in progressing their careers.

• Offers opportunities to obtain higher internal positions.

• Operates in many countries outside of the US, UK, France, or Canada.

• User interface may not be as clean and modern as Workday but is a powerful system.

Choosing Between Workday and SuccessFactors

• The choice between the two depends on where your business operates and how you want to view your data.

• If you operate in a few different Western countries and prefer detailed reports, choose Workday HCM.

• If you work outside of the US, UK, France, or Canada, consider SAP SuccessFactors which operates in many countries.

• If unsure about which solution to choose, explore other options on their website.