Deel and Workday are both tools used to manage employees across different regions for any expanding company nowadays. Two prominent platforms that offer solutions for these challenges are Deel and Workday.
Both platforms provide payroll, HR management solutions, and compliance tools but cater to different types of businesses and needs. In this article, we’ll compare the key features of Deel and Workday to help you decide which platform is best for your business.
What is Deel?
Deel’s is recognized for its ease of managing global payroll, compliance, and managing international teams. It oversees cross-border hiring for businesses of all sizes, ensuring compliance with local labor laws across 150+ countries.
What is Workday?
Workday is a powerful platform designed to help businesses manage their HR, payroll, and finances all in one place. It offers a wide range of tools for handling everything from employee management to payroll processing.
Deel vs. Workday: Feature Comparison
1. Target Audience
Deel: Deel is perfect for businesses that seek to employ and, or contract workers from different parts of the world. Deel aims to solve global payroll and regulatory burdens for companies with a remote employee base.
Workday: Workday is for large organizations, which need complex solutions for human resources, financial, and payroll processing.
2. Payroll Management
- Deel: Deel’s greatest strength lies in its global payroll capabilities, offering localized payroll services in over 150 countries. Deel not only handles international tax laws, and currency exchanges, but also, makes it ideal for businesses hiring across borders.
- Workday: Workday’s supports multi-currency payments and provides detailed payroll reporting, making it more suited for large-scale enterprises.
3. HR and Workforce Management
- Deel: As for other basic human resources software functions like contract work, and onboarding, Deel has only a few of them, the core service of this platform is payroll and legal support.
- Workday: Workday has a very strong family in human capital management and could offer a full spectrum of solutions in the HR sphere including employee training and development, performance management, recruitment, staffing, and compensation management.
4. Compliance
- Deel: Here, Deel attaches particular attention to the local legislation and contracts, thus it assists businesses in avoiding the violations of labor legislation and legislation on taxes.
- Workday: While Workday does offer compliance solutions their implementation is not geared towards mid and small-sized companies or organizations that do not have well-developed HR and Payroll departments.
Conclusion
- Both Deel and Workday are powerful platforms, but they cater to different business needs. Deel is an excellent choice for smaller companies or startups that need to streamline global payroll and compliance, while Workday is better suited for large enterprises that require advanced HR and financial management tools. Understanding your business’s specific needs will help you make the right decision for managing your workforce and operations.