Ceridian offers an enterprise-grade HRIS system used by some of the world’s largest organizations, such as David’s Bridal, Gannett Media, Select Rehabilitation, SS&C Technologies, Amphenol, and PETCO. They are also a public company, ticker symbol: $CDAY.

Ceridian 5-year stock performance

 

Let’s learn more about Ceridian’s average customer size, strengths, weaknesses, costs and integration capabilities.

Ceridian

Overview

Ceridian Dayforce is a full suite HRIS system that can serve as a one-stop-shop for companies, covering everything from payroll, benefits and HR to recruiting, onboarding, performance and learning.

Ceridian Dayforce HCM is utilized by companies as small as 100 employees and as large as 100,000, but has developed a strong presence in the mid-enterprise market.

Ceridian is known for it’s strengths around Payroll and Workforce Management. Ceridian has long been a top competitor to ADP in the payroll space, and a competitor to Workday, SuccessFactors, UKG, and Oracle in other categories.

In March 2001, Ceridian was split into two independent companies, with the “old” Ceridian Corporation changed its name to Arbitron and the rest of company (consisting of human resources services and Comdata business) took the Ceridian name.

in 2012, they acquired Dayforce, a leading Workforce Management platform, rebranding and relaunching Dayforce from Ceridian’s existing legacy systems Since then, Dayforce HCM has become their flagship offering and is a great solution for companies with complex payroll, time & attendance, scheduling and tax needs.

Market Segment

Ceridian is considered a mid-enterprise HRIS, which means the system works best for companies with between 350 and 10,000 employees. Mid-enterprise solutions are designed to be all-in-one HRIS’s for companies with a moderate-to-high degree of complexity. Mid-Enterprise solutions typically take about 5-6 months to implement and [allegedly] only occasionally require external consultants to successfully implement and manage the solutions. Mid-enterprise solutions have more custom workflow tools and rules engines to support a business’s growing complexity.

Ceridian Pricing

Ceridian charges companies on a per employee per month basis. Ceridian is typically priced in the mid-to-high range for their competition.

A typical Ceridian Dayforce HCM subscription can cost anywhere from $22-31 PEPM, depending on your company size and the amount of system modules purchased. 

In addition to the software fees, Ceridian will typically charge a one-time implementation fee. Ceridian’s implementation fees are typically about 40-60% of the annual software fees (i.e., $40-60K implementation fee on a $100K annual purchase)

Strengths

• Ceridian Dayforce HCM has not relied upon acquisitions or 3rd parties to grow the platform, but has instead continued to develop on a single database architecture. This can lead to greater accuracy, efficiency, reduce manual re-entry and improve reporting
• Ceridian is a powerful Core Human Resources platform that provides strengths around payroll, time and benefits. Companies with complex workforces find a lot of value in these capabilities
• Ceridian can process payroll natively in the US, UK and Canada, owning a number of payroll providers in other regions as well.
• Ceridian’s strong product architecture allows them to build integrations with any 3rd parties that also have open APIs

Weaknesses

• Ceridian implementations can be longer and more rigid than some of their peers, such as UKG and ADP
• Ceridian’s talent management tools (recruiting, performance, engagement) aren’t quite as advanced as their Core HR capabilities
• Ceridian’s user interface is straightforward and navigable, but not the sleekest or most modern interface.

Integration Capabilities

Ceridian does not have as many ‘pre-built’ marketplace integrations as some of their peers, but their strong product architecture allows them to build custom integrations with any 3rd party system that also has robust API capabilities.

Global Capabilities

Ceridian is one of the strongest options for global companies. Their system can serve as a global system of record and they provide language localization for dozens of languages. Ceridian also has one of the most robust global payroll networks in the industry, allowing companies to pay employees in any region all through the same HRIS system. Ceridian also has offices  across the globe (Africa, Asia, Australia, North America, Europe) to support multinational companies.

Modules Offered

Ceridian’s Dayforce HCM platform is a full suite solution that helps businesses manage their human resources processes from end-to-end. Ceridian Dayforce HCM is an enterprise-grade payroll, HR, and talent management system that is built on a single database solution.

This allows Ceridian Dayforce HCM to offer real-time data and a single application for all your human resources needs. In this section, we’ll take a look at the various modules that are included with Ceridian’s Dayforce platform and how they can support your various HR processes.

Payroll and Tax

Ceridian’s payroll module is designed to make it easy for businesses to manage even the most complex payroll and tax scenarios.

One differentiator for Ceridian is that they are able to continuously calculate payroll data with real-time syncs to their timesheets, so errors can be flagged and fixed in real time.

With Ceridian’s Dayforce payroll and tax module, employees are paid accurately and on time, and all required taxes are withheld and reported.

The module also includes compliance tools, making sure that your payroll is up to date with the latest regulations. You can easily run payroll and offer direct deposit and even a unique feature called Dayforce Wallet which allows employees to receive their pay before pay day.

Benefits Administration

The benefits administration module is designed to help companies manage the entire employee benefits enrollment process.

The Ben Admin module supports: employee benefits enrollment (both during new hire onboarding and open enrollment), insurance carrier feeds, and payroll deductions based on employee selections.

With Ceridian’s Dayforce benefits administration module, employees are able to review their company’s benefit plans, enroll in new plans and make life event updates throughout the year.

Employee Files and Document Management

The employee files and document management module is a core part of the Ceridian’s Dayforce HCM platform.

This module offers a single application for all employee demographic information and gives employees self-service tools to make updates to their employee profile.

With Ceridian’s HR management module, HR teams can have a system of record that ensures employee information is up to date. This module allows for easy access to employee information, which can be helpful for compliance, training tracking and record-keeping.

Workforce Management and Time & Attendance

The workforce management and time & attendance module is one of Ceridian’s flagship offerings. The Ceridian timekeeping module includes the basics, such as: tracking time off requests, tracking employee attendance, and sending data to the payroll module.

However, their workforce management tools can go far beyond the basics and can help companies manage highly complex timekeeping requirements such as job costing, shift differentials and scheduling.

With Ceridian’s Dayforce time & attendance module, businesses can help employees get paid accurately for the time they work, and allow employees to manage their leave management.

Recruiting & Applicant Tracking System (ATS)

The recruiting and applicant tracking system (ATS) module in Ceridian is natively built into the platform and provides easy-to-use tools that help employers find and hire the best employees.

Ceridian’s ATS can enable HR teams to send job postings to their career websites, track and sort applicants as they come through and manage the various steps of the hiring process.

With Ceridian Dayforce recruiting, HR teams can streamline the entire recruitment process, ensure that candidate data gets converted into new-hire data at the point of onboarding and provide holistic reports that paint a clear picture of candidate pipelines.

Performance Management

Ceridian’s performance management module allows companies to administer regular performance reviews and appraisals. The system can be used on an annual cadence, or an a more dynamic and continuous basis.

The system can utilize data from the employee engagement and time & attendance module to give a more holistic look into each employee’s performance. This module can also be helpful for employees who want to better understand their future opportunities in the organization.

Compensation Management

The compensation management module is designed to help businesses manage employee pay, bonuses, and other forms of compensation. It includes features for tracking employee compensation, managing pay scales, and providing support for performance-based compensation. With Ceridian’s Dayforce compensation management module, businesses can ensure that employees are paid fairly and that their compensation is aligned with their performance. This module can be helpful for tracking employee compensation and providing support for performance-based compensation.

Learning Management System (LMS)

The learning management system (LMS) module in Ceridian was built by Docebo and is the only part of their system that wasn’t natively built by Ceridian.

Docebo is a world class LMS provider and this system has a high degree of functionality to support employee training and development.

Admins can use the system to create and deliver training programs, track employee completion of trainings and track upcoming certification and compliance renewals.

With Ceridian’s Dayforce LMS module, businesses can ensure that employees have access to the training they need to improve their skills and advance their careers. This module can be helpful for tracking employee training and development.

The Bottom Line

In conclusion, Ceridian’s Dayforce HCM platform is a comprehensive solution that includes various modules that help businesses manage payroll and tax, benefits administration, employee files and document management, time and attendance, recruiting and applicant tracking system, performance management, compensation management, and learning management system.

The software also includes compliance tools, a company news feed, and an intuitive payroll solution that can help businesses increase efficiency and employee engagement.

This platform is designed to meet the needs of mid-sized businesses and enterprises and their HR professionals. Ceridian also offers professional services to support the implementation and customization of the platform to best fit a company’s needs.

Want to talk to someone about implementing Dayforce? Click here.