Dayforce HCM vs HRMantra Performance Management comparison

Dayforce HCM is a global, cloud-based human capital management (HCM) software platform for managing the complete employee lifecycle. This solution was designed to improve the employee experience by bringing together data from across the employment cycle to help managers make better decisions at all levels.

Dayforce HCM is an HR, payroll, benefits, workforce management, and talent management platform. The scalable software uses a single, flexible rules engine, as well as real-time updates and calculations, to help you meet complicated regulatory requirements.

Dayforce reduces the burden of disconnected applications by delivering a single application for all of your human capital management needs. All transactions made anywhere within the application flow seamlessly across all functional areas in real time, eliminating the need for repeated data entry, manual workarounds, and batch operations. This is thanks to a single employee record and a single rule engine. Organizations can achieve shorter training time, faster user adoption, and a faster return on investment.

With Dayforce HCM, users can view all HR data in real time in one place.

Here are some key tasks companies can do with the solution:

• Hire the right people
• Design work/life balance plans
• Manage employee development
• Handle payments
• Administer benefits
• Track compliance throughout the employee lifecycle

Dayforce HCM Features

Dayforce HCM has many valuable key features. Some of the most useful ones include:

• Continuous payroll for staff: Dayforce HCM aids in paying staff accurately and on schedule. Give your payroll staff the ability to access and audit data at any time during the pay cycle.

• Personnel management: Empower and engage your frontline employees while keeping labor expenses and compliance under control. Make proactive, data-driven decisions that can help you run your business more efficiently.

• Optimized staff benefits: Assist employees in selecting the best benefit plans while streamlining administrative tasks. With the help of analytics, you can maximize the value of your benefits investments and gain a better understanding of your costs.

• Streamlined human resources: With a single consolidated, real-time solution, you can eliminate HR information silos. Improve HR productivity by streamlining administrative tasks and gaining access to key HR analytics.

Dayforce HCM Benefits

There are many benefits to implementing Dayforce HCM. Some of the biggest advantages the solution offers include:

• Dayforce HCM aids in planning, hiring, retaining, and building your team, whether they be full-time employees or hourly workers. Insights based on data can help you see around corners and predict the future.

• Dayforce HCM helps you keep track of compliance everywhere in order to reduce risk. Simplify compliance in a global workplace. Keep up with complicated payroll and tax requirements from different regions and countries, as well as internal policies and processes. Dayforce can help you reduce the risk – and the cost – of noncompliance.

• Dayforce HCM empowers your workforce by improving your employee experience with always-on technologies like Dayforce Wallet. Transform pay, enable self-service, and assist your employees in developing future skills, no matter where they are or what device they are using.

Create any kind of PMS like 180 or 360 degree system based on competencies & KRAs weightages for each group & generate bell curve analysis

Performance Chart

The performance chart of the appraised employees can be viewed through 3D customizable dashboards.

Monitor Performance

This will help you in monitoring in which direction your employee’s performance is moving in terms of Readiness, Final Rating and Potential.

Goal Setting

You can create goal setting with the help of KRA’s and there is also a balanced score card with its 4 perspectives.

Identify Training Needs

In order to identify training needs of an employee at the time of appraisals, create a competency development method and decide its options.

Different Appraisal Formats

You may have different appraisal formats for different organizational hierarchies and user levels so as to get an accurate performance evaluation.

Unbaised Performance Appraisals

All these features of our Performance management software help talent management through unbiased performance apppraisals.

KRA Form

The KRA form can be opened for the employee to see and set KRA’s by self.

Unlimited Pay Heads

Even if you have the most complex payroll in the world, HRMantra payroll software can handle it. Create unlimited pay heads using very powerful formulae & parameters to calculate loan, bonus, salary & tax calculations.

Performance Reviews

HRMantra PMS software helps in keeping an all round tab on the performance of your employees by getting them appraised in an unbiased manner by their bosses, their subordinates, their clients, their peer group, the HRD and the employee himself. These performance reviews are online, can be customized to each position and done whenever required.

Training Program

A training program can consist of many training topics and these programs can then be set at your company, department or designation levels.

Inter Year Analysis

You will also quickly know percentage of pending appraisals as also eligibility for appraisals department wise. You can do inter year analysis of performance to check which employees performances have degraded or improved dramatically compared to last year.

Unlimited Appraisal Levels

You can create any number of appraisal levels like self, HOD, peer groups or sub-ordinates giving you the options to set 180 or 360 degree appraisal system. Each of the appraisal levels can have different weightages and select whether one appraisal level can see the other person’s evaluation or not.

Competencies Matrix

You can create competencies matrix and map it to a role giving different weightages to each competency. Similarly create the key result areas (KRA’s) at any organizational hierarchy level and for each such department for a certain KRA you may have many key performance indicators or measures.

Review Appraisee

In the final appraisal form, the appraisal committee can review the scores of the appraisee and the appraisers. After checking their scores they can give recommendations and also decide what kind of training programs he needs to undergo to be able to handle his next job assignments properly.

Succession Planning

You can also do succession planning with the help of color-coding theory.

Readymade Reports

There are lots of readymade reports for quick analysis.