Linda Merritt, HRO Research Analyst, NelsonHall
Ceridian just held its annual sales kick-off meeting and according to Jayson Saba, vice president of marketing strategy and analyst relations, there was “a whole new feeling of excitement.”
Ceridian Made a Big Bet
Ceridian is a mature service provider having been in payroll and HR services since 1932. So, what is causing such excitement in 2013? The answer is Dayforce HCM.
Ceridian began partnering with Dayforce in 2010, which soon led to investing in the company, and then to purchasing the company in early 2012 and forming a new business unit, Dayforce, led by David Ossip, Dayforce’s CEO.
This was a major strategic bet on SaaS as the new direction for a large portion of an already successful company with an estimated $1.5bn in revenues. How big a bet? Well, in late 2012, Ceridian made the decision to realign its sales and marketing efforts behind Dayforce HCM in North America, the company’s largest customer and revenue base!
The company will continue to support clients on its current systems and will not force migration. In fact, it will continue to invest in adding more features and functionality in key areas. Its other service lines will also continue including international payroll, benefits administration, EAP, and stored value solutions (electronic cards with preset or refillable financial value).
Dayforce HCM is a Party of One
Dayforce is a cloud-based platform built as a single application with one record, one rules engine, and zero interfaces. Real SaaS can eliminate the need to enter data in multiple systems, manage complex interfaces, and confusion about who to call when multiple vendors are involved, and it provides easier implementations.
Dayforce HCM includes:
- Payroll and tax: view, edit, fix, and preview payroll in real-time
- Workforce management: plan, schedule, and forecast labor requirements, and time tracking and compliance
- Benefits: manage enrollment, calculate eligibility, and support an unlimited number of benefit plan types
- Human resources: forms and workflows for managers and employees to manage work and life events
- Mobile: access, manage, and change schedules and other aspects of employee records including shift trading, availability, and time-off requests.
The system can scale for small, mid, and large market clients with a sweet spot in the 1,000 to 10,000 range. Ceridian already has several deployments of 15- to 30,000+ employees. Major retail clients include Aéropostale, Pier 1, and Crate & Barrel.
With a Clear Roadmap for the Future
The new system already has hundreds of clients and is available in the U.S. and Canada, and NelsonHall predicts that it will soon be expanded to the U.K. as well. We estimate Dayforce will become the HR system of record for all of Ceridian’s HCM customers including managed and international payroll services and eventually become a global HRIS offering.
Ceridian is also working on new additions for talent management (performance management, compensation, and recruiting) and other social media features.
Nothing Succeeds Like Success
Imagine the excitement when your new system far exceeds expectations, wins awards, and delights customers. No wonder a good time was had at Ceridian’s annual sales conference!
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