Dayforce HCM vs Lattice Performance 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.

Lattice is a people management platform designed to help businesses enhance employee engagement, performance, and development. It provides tools for continuous performance management, goal setting, and employee feedback, facilitating a culture of growth and accountability.

Lattice's platform aims to transform the way companies manage their workforce by offering a comprehensive suite of features that support performance reviews, goal tracking, and real-time feedback. It allows managers to set and track objectives, conduct regular check-ins, and gather feedback, creating a transparent and supportive work environment. The platform also includes tools for employee development, such as one-on-one meeting agendas and career growth plans, ensuring employees have the resources they need to succeed and advance within the company. With its user-friendly interface and powerful analytics, Lattice helps organizations foster a culture of continuous improvement and engagement.

What are the critical features of Lattice?

• Performance Reviews: Structured performance review processes with customizable templates and workflows to assess employee performance regularly.
• Goal Setting and Tracking: Tools to set, align, and monitor individual and team goals, ensuring everyone is working towards common objectives.
• Continuous Feedback: Enables real-time feedback between employees and managers, promoting a culture of ongoing improvement.
• 1:1 Meetings: Facilitates effective one-on-one meetings with shared agendas, notes, and action items to keep employees and managers aligned.
• Analytics and Reporting: Provides insights into employee performance, engagement, and development through comprehensive analytics and reporting features.
• Career Development Planning: Tools for creating and tracking career development plans, supporting employee growth and retention.

What benefits or ROI items should users look for in reviews when evaluating Lattice?

• Improved Employee Engagement: Enhanced engagement through regular feedback, goal tracking, and career development opportunities.
• Increased Productivity: Boosts productivity by aligning individual and team goals with company objectives and providing continuous performance feedback.
• Better Retention Rates: Supports employee growth and satisfaction, leading to higher retention rates.
• Data-Driven Decisions: Offers valuable insights through analytics and reporting, enabling better decision-making based on employee performance data.
• Enhanced Communication: Promotes transparent and effective communication between employees and managers through structured reviews and regular check-ins.

Lattice is implemented across various industries, including tech, finance, and healthcare, to support people management and development initiatives. In tech companies, Lattice helps streamline performance management processes and improve team collaboration. Financial institutions use it to align goals and monitor performance metrics, while healthcare organizations leverage its tools to support employee development and enhance patient care through better staff management.

Pricing for Lattice is subscription-based, typically structured per user per month, with various tiers offering different levels of features and support. Lattice also provides robust customer support, including online resources, training, and dedicated customer success teams to assist with implementation and ongoing usage.

In summary, Lattice is a versatile people management platform that enhances employee engagement, performance, and development through comprehensive tools and analytics.