Manager for enterprise Solution at PeopleTechGroup
Real User
Top 10
2023-09-26T08:07:40Z
Sep 26, 2023
I would rate the pricing a seven out of ten, one is low, and ten is high price. Workday is not that cheap. There are no additional costs to the standard license.
By and large, Workday is expensive. It is based on the headcount. I'd probably rate it a three or four out of five in terms of pricing. It'd be like buying a Mercedes or a high-end car. It's expensive, but there's a specific value that you're getting with additional features and things of that nature. Using that metaphor, Workday probably tends to be more of a luxury. There are others like ADP that can do your payroll, your time off, and other things, but they don't do it as well. It is based on the headcount, and it is based on the number of modules you license. HCM is a module. Payroll is another module, and Benefits is also a module. Each module you choose is going to be an additional cost. In addition, you're also going to have costs associated with test environments. Workday, by default, is going to give you production and a sandbox environment with your license. They're also going to give you a preview environment of what's being released, but if you want additional test environments, there is a license cost.
Independent Consultant at a tech services company with 1-10 employees
Consultant
2020-12-18T16:32:19Z
Dec 18, 2020
Licensing fees are paid on a yearly basis. The pricing is good from an HR perspective, although management gets upset after spending $500,000 a year, every year. As the cost continues, you get a little pushback from finance. It is not a cheap solution. There is an additional hourly charge for support once you are finished with the credits that are included.
Director at a financial services firm with 1,001-5,000 employees
Real User
2020-10-15T11:35:04Z
Oct 15, 2020
You have the license fee per module, and then you have a kind of annual training fee, which is a kind of add-on. I wouldn't say it is exhaustive; it is minor. Licensing is pretty transparent for most of the part.
Managing Principal Consultant at Dodai Consulting Corp
Consultant
2019-10-28T06:34:00Z
Oct 28, 2019
Licensing costs are tiered. When you add different modules, it adds to your cost. For example, you can pay for Payroll functionality or you pay for the Benefits module. The more pieces you add, the more you pay. I can't say what a particular company may value or see as a true return on investment. I would say that it is expensive — it is the most expensive one out there. In my opinion, you would get a clear return on investment. Different businesses would account for that in different ways.
Workday is a cloud-based software solution that specializes in developing applications for capital and finance management applications. The system is built to work in global workforces and is adaptable. The global system ensures that users are up to date and can manage internal career-related information, and everyday business problems like timesheets, payrolls, and time off.
“A Pioneer in Software-as-a-Service”
Workday Human Capital Management tool is designed to simplify and streamline...
I rate the product’s pricing a ten out of ten.
I would rate the pricing a seven out of ten, one is low, and ten is high price. Workday is not that cheap. There are no additional costs to the standard license.
I need to pay for a license. It is expensive.
I would rate the solution’s pricing a six out of ten.
Workday is moderately priced - I'd rate its pricing three out of five.
It is on a yearly basis.
By and large, Workday is expensive. It is based on the headcount. I'd probably rate it a three or four out of five in terms of pricing. It'd be like buying a Mercedes or a high-end car. It's expensive, but there's a specific value that you're getting with additional features and things of that nature. Using that metaphor, Workday probably tends to be more of a luxury. There are others like ADP that can do your payroll, your time off, and other things, but they don't do it as well. It is based on the headcount, and it is based on the number of modules you license. HCM is a module. Payroll is another module, and Benefits is also a module. Each module you choose is going to be an additional cost. In addition, you're also going to have costs associated with test environments. Workday, by default, is going to give you production and a sandbox environment with your license. They're also going to give you a preview environment of what's being released, but if you want additional test environments, there is a license cost.
The solution would be expensive for smaller organizations.
The pricing for this solution is fairly high. It is not affordable for small and mid-sized companies.
It has an annual subscription rate, but I'm not sure how it will work.
Its price is pretty high. It is more expensive than what is offered by other competitors in the market.
Licensing fees are paid on a yearly basis. The pricing is good from an HR perspective, although management gets upset after spending $500,000 a year, every year. As the cost continues, you get a little pushback from finance. It is not a cheap solution. There is an additional hourly charge for support once you are finished with the credits that are included.
You have the license fee per module, and then you have a kind of annual training fee, which is a kind of add-on. I wouldn't say it is exhaustive; it is minor. Licensing is pretty transparent for most of the part.
Licensing costs are tiered. When you add different modules, it adds to your cost. For example, you can pay for Payroll functionality or you pay for the Benefits module. The more pieces you add, the more you pay. I can't say what a particular company may value or see as a true return on investment. I would say that it is expensive — it is the most expensive one out there. In my opinion, you would get a clear return on investment. Different businesses would account for that in different ways.
I was completely satisfied with the technical support. There are no bugs or performance issues.
Workday is an expensive solution.
With a bigger budget, I would recommend SAP.