Gusto Vs Workday – Head-To-Head Comparison

Gusto's payroll platform simplifies and automates the complexities of running payroll for small and mid-sized businesses. It enables users to manage employee and contractor payments with ease, ensuring compliance with tax regulations by automatically calculating, filing, and paying payroll taxes. Employees can choose their preferred payment methods, including direct deposit, checks, or Gusto’s cash card.

The platform also goes beyond basic payroll by integrating tools for tracking time, managing paid time off (PTO), and handling reimbursements. This allows businesses to centralize and streamline their payroll-related tasks without the need for multiple systems.

The payroll system in Workday allows businesses to manage payroll processes both locally and globally, making it suitable for companies with a presence in multiple countries. It automates payroll calculations, tax compliance, and direct deposit, ensuring accuracy and timely payments.

Additionally, the platform integrates payroll data with other systems, enabling real-time synchronization of HR transactions and financial data, eliminating manual errors, and simplifying compliance reporting.

Gusto excels in providing integrations with a wide range of popular business tools, creating a cohesive ecosystem for businesses to operate more effectively. It connects with accounting software like QuickBooks and Xero, enabling seamless syncing of payroll data for accurate bookkeeping and financial reporting. Other integrations include time-tracking tools such as Homebase and Deputy, which help streamline workforce management and improve accuracy in payroll calculations.

The software also integrates with platforms like Clover and Shopify, supporting businesses in efficiently managing payments and operations.

Workday facilitates seamless integration with more than 600 third-party tools through its Integration Cloud. This allows data from payroll, HR, and financial systems to flow effortlessly across platforms, reducing duplication and improving accuracy. Some of these integrations include Harver, Ramp, GoodTime Hire, Deel EOR Connector, and Sterling BackCheck.

Gusto's talent management tools help businesses attract, develop, and retain top talent. The platform includes features for hiring and onboarding, such as customizable offer letters, digital document signing, and automated onboarding checklists. These tools ensure that new hires have a smooth transition into the organization.

Additionally, Gusto supports ongoing employee engagement with tools like performance management, feedback tracking, and goal setting, helping managers foster a culture of growth and collaboration.

Workday's talent management module helps companies support employee growth. It offers tools for hiring, performance reviews, and succession planning. By connecting these features with other HR systems, the platform promotes a unified approach to employee engagement. Furthermore, its analytics also help identify skill gaps and potential leaders, allowing companies to build strong, flexible teams.

Gusto offers powerful reporting tools that provide businesses with valuable insights into their payroll, HR, and financial data. With customizable reports, employers can track key metrics like payroll costs, employee attendance, and benefits utilization.

These reports are presented in an easy-to-read format, allowing businesses to make informed decisions and identify trends that impact their bottom line. Additionally, Gusto ensures compliance by generating reports needed for tax filings and audits.

Using Workday’s analytics and reporting tools, companies can derive actionable insights from their HR, payroll, and financial data. Leveraging artificial intelligence (AI), it offers customizable dashboards and real-time updates, helping users track key performance metrics, compliance issues, and workforce trends. This information allows HR managers to make informed decisions, whether for workforce planning or financial forecasting.

Using Gusto's time and attendance system, employees can easily clock in and out using a variety of methods, including mobile apps, web portals, or physical time clocks. The system automatically tracks worked hours, including overtime, and calculates time off, such as vacation or sick leave.

Furthermore, it enables managers to review and approve timesheets in real time, reducing administrative work and the chances of errors. This streamlined approach helps businesses maintain compliance with labor laws and ensures employees are compensated accurately for their time worked.

Workday’s time and attendance tracking feature provides organizations with a flexible solution for managing employee work hours, ensuring accurate and streamlined timekeeping. Employees can clock in and out easily via web or mobile devices, and the system automatically tracks worked hours, breaks, and overtime. It also supports configurable shift rules, allowing businesses to tailor the time tracking to their specific needs, such as varying schedules or union regulations.