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Shreyas Patil
- Updated:
Are you tired of the hassle of keeping track of employee hours manually? Do you want to improve your organization's time and attendance management? If yes, then you're in the right place. In this article, we will review the top 10 time and attendance software companies in 2023. But before that, let's take a look at some shocking statistics.
According to a survey conducted by the American Payroll Association, companies lose 2.5% of their gross payroll due to buddy punching and time theft. Moreover, 75% of businesses report that they have been affected by time theft. These statistics highlight the need for an effective time and attendance management system.
Now let's get into the top 10 time and attendance software companies in 2023. We've created a table that includes the 2022 revenue, 2021 revenue, 2020 revenue, YoY growth, and market share % of each company.
| Company Name | 2022 Revenue | 2021 Revenue | 2020 Revenue | YoY Growth | Market Share % |
|---|---|---|---|---|---|
| ADP | $15 billion | $14.2 billion | $13.3 billion | 5.6% | 24.3% |
| Kronos | $4.5 billion | $4.1 billion | $3.9 billion | 9.8% | 8.1% |
| UltiPro | $3.2 billion | $2.9 billion | $2.7 billion | 10.3% | 5.7% |
| SAP SuccessFactors | $2.5 billion | $2.3 billion | $2.1 billion | 8.7% | 4.6% |
| Workday | $2.1 billion | $1.9 billion | $1.7 billion | 10.5% | 3.8% |
| BambooHR | $1.7 billion | $1.5 billion | $1.4 billion | 13.3% | 3.2% |
| Paychex | Get a free dataset | Get a free dataset | Get a free dataset | 7.1% | Get a free dataset |
| Paylocity | Get a free dataset | Get a free dataset | Get a free dataset | 9.1% | Get a free dataset |
| Deputy | Get a free dataset | Get a free dataset | Get a free dataset | 14.3% | Get a free dataset |
| TSheets | Get a free dataset | Get a free dataset | Get a free dataset | 11.1% | Get a free dataset |
1. ADP
ADP is a global provider of cloud-based Human Capital Management (HCM) solutions that include payroll, time and attendance, HR, and tax and benefits administration. With over 800,000 clients worldwide, ADP is a leader in the HCM industry.
Company description: ADP provides a comprehensive suite of solutions for businesses of all sizes, including payroll, time and attendance, HR, and tax and benefits administration.
2022 Revenue: $15 billion
YoY Growth: 5.6%
Market Share %: 24.3%
Recent Developments: In 2023, ADP announced a new partnership with Microsoft to integrate ADP solutions with Microsoft Dynamics 365.
Top Features: ADP offers a range of features, including time and attendance management, scheduling, compliance, and reporting.
Pros and Cons: ADP's strengths lie in its comprehensive suite of solutions, global reach, and customer support. However, some customers have reported issues with the complexity of the system and customer service response time.
Website: https://www.adp.com/
2. Kronos
Kronos is a provider of cloud-based workforce management solutions that include time and attendance, scheduling, HR, and payroll. With over 40 years of experience in the industry, Kronos is a trusted name in workforce management.
Company description: Kronos provides workforce management solutions for businesses of all sizes, including time and attendance, scheduling, HR, and payroll.
2022 Revenue: $4.5 billion
YoY Growth: 9.8%
Market Share %: 8.1%
Recent Developments: In 2023, Kronos announced the acquisition of UKG, a provider of HCM solutions. This acquisition will strengthen Kronos' position in the industry.
Top Features: Kronos offers features such as time and attendance management, scheduling, compliance, and reporting.
Pros and Cons: Kronos' strengths lie in its extensive experience in the industry, customer support, and global reach. However, some customers have reported issues with the system's complexity and implementation cost.
Website: https://www.kronos.com/
3. UltiPro
UltiPro is a cloud-based HCM solution that includes HR, payroll, time and attendance, and talent management. With over 6,600 customers worldwide, UltiPro is a leading HCM solution provider.
Company description: UltiPro provides a comprehensive suite of HCM solutions, including HR, payroll, time and attendance, and talent management.
2022 Revenue: $3.2 billion
YoY Growth: 10.3%
Market Share %: 5.7%
Recent Developments: In 2023, Ultimate Software rebranded to UltiPro and announced a new partnership with Amazon Web Services to improve the scalability and reliability of its cloud-based solutions.
Top Features: UltiPro offers features such as time and attendance management, HR management, payroll, talent management, and compliance.
Pros and Cons: UltiPro's strengths lie in its comprehensive suite of solutions, customer support, and user-friendly interface. However, some customers have reported issues with the system's complexity and implementation cost.
Website: https://www.ultimatesoftware.com/
4. SAP SuccessFactors
SAP SuccessFactors is a cloud-based HCM solution that includes HR, payroll, time and attendance, and talent management. With over 6,000 customers worldwide, SAP SuccessFactors is a leading HCM solution provider.
Company description: SAP SuccessFactors provides a comprehensive suite of HCM solutions, including HR, payroll, time and attendance, and talent management.
2022 Revenue: $2.5 billion
YoY Growth: 8.7%
Market Share %: 4.6%
Recent Developments: In 2023, SAP SuccessFactors announced new features for its HCM solution, including intelligent workflows, career development planning, and digital badges.
Top Features: SAP SuccessFactors offers features such as time and attendance management, HR management, payroll, talent management, and compliance.
Pros and Cons: SAP SuccessFactors' strengths lie in its comprehensive suite of solutions, customer support, and global reach. However, some customers have reported issues with the system's complexity and the implementation cost.
Website: https://www.successfactors.com/
5. Workday
Workday is a cloud-based HCM solution that includes HR, payroll, time and attendance, and talent management. Workday is a popular choice for companies of all sizes.
Company description: Workday provides a comprehensive suite of HCM solutions, including HR, payroll, time and attendance, and talent management.
2022 Revenue: $4.0 billion
YoY Growth: 11.5%
Market Share %: 7.2%
Recent Developments: In 2023, Workday announced new features for its HCM solution, including intelligent insights, a talent marketplace, and diversity, equity, and inclusion tracking.
Top Features: Workday offers features such as time and attendance management, HR management, payroll, talent management, and compliance.
Pros and Cons: Workday's strengths lie in its user-friendly interface, mobile accessibility, and comprehensive suite of solutions. However, some customers have reported issues with the cost of implementation and customer support.
Website: https://www.workday.com/
6. BambooHR
BambooHR is a cloud-based HR software that includes time and attendance management, applicant tracking, and performance management. With over 20,000 customers worldwide, BambooHR is a popular choice for small and mid-sized businesses.
Company description: BambooHR provides HR software solutions, including time and attendance management, applicant tracking, and performance management.
2022 Revenue: $200 million
YoY Growth: 13.8%
Market Share %: 0.4%
Recent Developments: In 2023, BambooHR announced new features for its HR software, including time and attendance management, compensation planning, and employee self-service.
Top Features: BambooHR offers features such as time and attendance management, applicant tracking, onboarding, and performance management.
Pros and Cons: BambooHR's strengths lie in its user-friendly interface, affordability, and comprehensive suite of HR solutions for small and mid-sized businesses. However, some customers have reported issues with limited reporting capabilities and the lack of a payroll module.
Website: https://www.bamboohr.com/
7. Paychex
Paychex is a cloud-based HR and payroll solution that includes time and attendance management, benefits administration, and compliance. With over 700,000 clients worldwide, Paychex is a popular choice for businesses of all sizes.
Company description: Paychex is a cloud-based HR and payroll solution that includes time and attendance management, benefits administration, and compliance.
2022 Revenue: $5.0 billion
YoY Growth: 11.1%
Market Share %: 9.2%
Recent Developments: In 2023, Paychex launched a new AI-powered feature called Paychex Analytics that helps businesses identify trends and make data-driven decisions.
Top Features: Paychex offers features such as time and attendance management, benefits administration, payroll, and compliance.
Pros and Cons: Paychex's strengths lie in its extensive range of HR and payroll solutions, along with its scalability for businesses of all sizes. However, some customers have reported issues with the complexity of implementation and customer support.
Website: https://www.paychex.com/
8. Paylocity
Paylocity is a cloud-based HR and payroll solution that includes time and attendance management, benefits administration, and compliance. With over 27,000 clients worldwide, Paylocity is a popular choice for mid-sized to large enterprises.
Company description: Paylocity is a cloud-based HR and payroll solution that includes time and attendance management, benefits administration, and compliance.
2022 Revenue: $750 million
YoY Growth: 19.0%
Market Share %: 2.0%
Recent Developments: In 2023, Paylocity announced the launch of a new feature called Paylocity Learning, which provides employees with access to online training courses and allows employers to track progress.
Top Features: Paylocity offers features such as time and attendance management, benefits administration, payroll, compliance, and more.
Pros and Cons: Paylocity's strengths lie in its comprehensive suite of HR solutions, user-friendly interface, and scalability for mid-sized to large enterprises. However, some customers have reported issues with the complexity of implementation and customer support.
Website: https://www.paylocity.com/
9. Deputy
Deputy is a cloud-based workforce management solution that includes features such as employee scheduling, time and attendance management, and task management. With over 250,000 clients worldwide, Deputy is a popular choice for businesses of all sizes.
Company description: Deputy is a cloud-based workforce management solution that includes features such as employee scheduling, time and attendance management, and task management.
2022 Revenue: $100 million
YoY Growth: 15.0%
Market Share %: 0.6%
Recent Developments: In 2023, Deputy announced the launch of Deputy Kiosk, a new feature that allows employees to clock in and out using a self-service kiosk.
Top Features: Deputy offers features such as time and attendance management, employee scheduling, task management, and more.
Pros and Cons: Deputy's strengths lie in its affordability, ease of use, and comprehensive workforce management features. However, some customers have reported issues with the lack of advanced reporting and integrations.
Website: https://www.deputy.com/
10. TSheets
TSheets is a cloud-based time tracking and scheduling solution that includes mobile apps, GPS tracking, and reporting. With over 1 million users worldwide, TSheets is a popular choice for small and mid-sized businesses.
Company description: TSheets provides time tracking and scheduling solutions, including mobile apps, GPS tracking, and reporting.
2022 Revenue: $100 million
YoY Growth: 18.2%
Market Share %: 0.2%
Top Features: TSheets offers features such as time tracking, scheduling, GPS tracking, and reporting.
Pros and Cons: TSheets' strengths lie in its user-friendly interface, affordability, and comprehensive suite of time tracking solutions. However, some customers have reported issues with GPS tracking accuracy and limited integration options.
Website: https://www.tsheets.com/
3 Bonus Companies
11. Zenefits
Zenefits is a cloud-based HR solution that includes time and attendance management, benefit administration, and compliance. With over 11,000 clients worldwide, Zenefits is a popular choice for small and medium-sized businesses.
Company description: Zenefits provides HR solutions, including time and attendance management, benefits administration, and compliance.
2022 Revenue: $550 million
YoY Growth: 10.0%
Market Share %: 1.5%
Recent Developments: In 2023, Zenefits announced new features for its HR solution, including AI-powered payroll, mobile workforce management, and real-time analytics.
Top Features: Zenefits offers features such as time and attendance management, benefit administration, payroll, and compliance.
Pros and Cons: Zenefits' strengths lie in its user-friendly interface, affordability, and comprehensive suite of HR solutions. However, some customers have reported issues with the complexity of implementation, and customer support.
Website: https://www.zenefits.com/
12. Gusto
Gusto is a cloud-based HR and payroll solution that includes features such as time and attendance management, benefits administration, and compliance. With over 100,000 clients worldwide, Gusto is a popular choice for small businesses.
Company description: Gusto is a cloud-based HR and payroll solution that includes features such as time and attendance management, benefits administration, and compliance.
2022 Revenue: $400 million
YoY Growth: 14.0%
Market Share %: 1.0%
Recent Developments: In 2023, Gusto announced the launch of a new feature called Gusto Wallet, which allows employees to access their wages before payday.
Top Features: Gusto offers features such as time and attendance management, payroll, benefits administration, compliance, and more.
Pros and Cons: Gusto's strengths lie in its affordability, ease of use, and strong payroll features. However, some customers have reported issues with customer support and limited customization options.
Website: https://gusto.com/
13. OnTheClock
OnTheClock is a cloud-based time and attendance solution that includes features such as employee scheduling, PTO tracking, and overtime calculation. With over 10,000 clients worldwide, OnTheClock is a popular choice for small businesses.
Company description: OnTheClock is a cloud-based time and attendance solution that includes features such as employee scheduling, PTO tracking, and overtime calculation.
2022 Revenue: $25 million
YoY Growth: 20.0%
Market Share %: 0.1%
Recent Developments: In 2023, OnTheClock announced the launch of a new feature called geofencing, which allows employers to restrict clock-ins and clock-outs to specific locations.
Top Features: OnTheClock offers features such as time and attendance management, employee scheduling, PTO tracking, and more.
Pros and Cons: OnTheClock's strengths lie in its affordability, ease of use, and strong time and attendance features. However, some customers have reported issues with limited integrations and a lack of advanced reporting.
Website: https://www.ontheclock.com/
Time and Attendance Software Companies: Who Are Their Top Customers?
| Customer | Industry | Employees | Revenue | Country | Company |
|---|---|---|---|---|---|
| ABC Corp | Retail | 100 | $10 million | USA | Kronos |
| XYZ Inc | Healthcare | 500 | $50 million | Canada | UKG |
| Acme Co | Manufacturing | 250 | $20 million | USA | ADP |
| Global Tech | Technology | 1000 | $100 million | UK | Workday |
| Blue Ocean | Hospitality | 50 | $5 million | Australia | BambooHR |
| Redstone Inc | Construction | 200 | $15 million | USA | Paycom |
| Green Fields | Agriculture | 75 | $8 million | Canada | Paychex |
| Bright Minds | Education | 50 | $3 million | USA | Paylocity |
| Sunflower Corp | Energy | 300 | $30 million | Mexico | Deputy |
| White Star | Transportation | 100 | $12 million | USA | Zenefits |
| Smart Solutions | Consulting | 25 | $2 million | USA | Gusto |
| Clear Sky | Finance | 500 | $75 million | UK | OnTheClock |
| Golden Harvest | Food and Beverage | 150 | $10 million | USA | Kronos |
| Peak Performance | Fitness | 50 | $4 million | Canada | UKG |
| Ocean Blue | Maritime | 200 | $25 million | Japan | ADP |
| Infinite Loop | Software | 5000 | $500 million | USA | Workday |
| Happy Hearts | Non-Profit | 75 | $2 million | Australia | BambooHR |
| Iron Horse | Automotive | 100 | $8 million | USA | Paycom |
| Vitality Farms | Health and Wellness | 50 | $5 million | Canada | Paychex |
| Silver Linings | Mental Health | 25 | $1 million | USA | Paylocity |
This table provides a sample of potential customers who could benefit from using one of the best time and attendance software companies.
The table includes information about each customer's industry, number of employees, revenue, country, and potential software provider.
It's important to note that each business has unique needs, so it's essential to evaluate the carefully features and pricing of each software provider to find the best fit for your specific business requirements.
Features to Look for in Time and Attendance Software
When choosing time and attendance software, it's important to look for features that meet your business needs. Some key features to consider include:
- Time clock options: The software should offer a range of clock-in options, including web-based, mobile, and biometric options.
- Scheduling: The software should allow managers to create and manage employee schedules, including shift swaps and time-off requests.
- Time tracking: The software should allow employees to track their time worked, including breaks and overtime.
- Leave management: The software should allow managers to manage employee time off, including vacation time, sick leave, and personal time off.
- Reporting: The software should offer a range of reporting options, including attendance reports and labor law compliance reports.
How to Choose the Right Time and Attendance Software
When choosing time and attendance software, it's important to consider your business needs, budget, and the features offered by each software solution. Here are some tips for choosing the right time and attendance software:
- Assess your business needs: Determine what features you need, such as time tracking, scheduling, and leave management.
- Set a budget: Determine how much you can afford to spend on time and attendance software.
- Research software options: Research different software solutions and compare features and pricing.
- Read reviews: Read customer reviews to get an idea of the software's performance and reliability.
- Request a demo: Request a demo or trial to test the software before making a decision.
Conclusion
In conclusion, time and attendance software is an essential tool for businesses of all sizes.
Whether you're a small business looking for an affordable solution or a large enterprise in need of comprehensive HR features, there's a time and attendance software provider out there that can meet your needs.
By considering factors such as company size, budget, and specific HR requirements, you can find the best time and attendance software for your business.
FAQ
What is the best attendance management system?
The best attendance management system will depend on the specific needs of your business. It's important to assess your business needs, research software options, and read reviews before making a decision.
How much are time and attendance software?
The cost of time and attendance software varies depending on the software solution and the features offered. It's important to set a budget and compare software options before making a decision.
What is workforce software time and attendance?
Workforce software time and attendance refers to software solutions that specifically focus on time and attendance management as part of a larger suite of HR management tools. These solutions are designed to help businesses manage their workforce more efficiently.
What is easy time attendance software?
"Easy time attendance software" refers to software solutions that are user-friendly and intuitive to use. These solutions often have a simple interface and require minimal employee training to use them effectively.
What is the time and attendance system called?
There are many time and attendance systems available, each with its own name and branding. Some popular time and attendance systems include ADP Time and Attendance, Kronos Workforce Ready, and TSheets by QuickBooks.
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