Shareworks vs Empeon

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Our analysts compared Shareworks vs Empeon based on data from our 400+ point analysis of HR Management Software, user reviews and our own crowdsourced data from our free software selection platform.

Shareworks Software Tool

Product Basics

Shareworks is a comprehensive software solution designed to streamline HR management tasks, particularly focusing on equity plan administration. It is most suited for companies of all sizes that need to manage employee stock options, restricted stock units, and other equity compensation plans efficiently. The platform offers robust features such as real-time reporting, compliance tracking, and seamless integration with payroll systems, making it a valuable tool for HR departments. One of the key benefits of Shareworks is its ability to simplify complex equity management processes, reducing administrative burden and ensuring accuracy. Users appreciate the intuitive interface and the detailed analytics that provide insights into employee engagement and plan performance. Compared to similar products, Shareworks is often praised for its user-friendly design and comprehensive support services. Pricing for Shareworks varies based on the size of the company and the specific features required, typically involving a subscription model with annual payments. This flexibility allows businesses to scale their usage according to their needs, making it a cost-effective solution for managing equity compensation.
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Empeon offers a comprehensive software solution designed to streamline HR management tasks, making it particularly well-suited for mid-sized to large organizations seeking efficiency and accuracy in their HR processes. The platform excels in automating payroll, benefits administration, time tracking, and compliance management, providing a seamless experience for HR professionals. Users appreciate its intuitive interface and robust reporting capabilities, which facilitate data-driven decision-making.

One of the standout benefits of Empeon is its ability to integrate with existing systems, reducing the need for manual data entry and minimizing errors. Popular features include customizable workflows, employee self-service portals, and advanced analytics, all of which contribute to a more organized and productive HR department. Compared to similar products, Empeon is often praised for its user-friendly design and reliable customer support.

Pricing for Empeon typically falls within a mid-range bracket, with costs varying based on the number of users and specific modules required. Payment is usually structured on a monthly or annual subscription basis, offering flexibility to accommodate different budgetary needs.

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Product Insights

  • Streamlined Equity Management: Simplifies the administration of equity plans, reducing manual errors and saving time for HR teams.
  • Enhanced Employee Engagement: Provides employees with easy access to their equity information, fostering a sense of ownership and motivation.
  • Regulatory Compliance: Ensures adherence to global regulatory requirements, minimizing the risk of non-compliance and associated penalties.
  • Data-Driven Insights: Offers robust reporting and analytics tools, enabling data-driven decision-making and strategic planning.
  • Scalability: Adapts to the needs of growing companies, supporting a wide range of equity plans and participant numbers.
  • Cost Efficiency: Reduces administrative costs by automating complex processes and minimizing the need for manual intervention.
  • Improved Accuracy: Ensures precise tracking and management of equity grants, vesting schedules, and transactions.
  • Global Reach: Supports multinational organizations with features tailored to different countries' tax and legal requirements.
  • Employee Self-Service: Empowers employees to manage their equity plans through a user-friendly portal, reducing HR workload.
  • Integration Capabilities: Seamlessly integrates with other HR and financial systems, ensuring data consistency and reducing duplication of efforts.
  • Audit Readiness: Maintains detailed records and audit trails, facilitating easier and more efficient audits.
  • Customizable Solutions: Offers flexible configurations to meet the unique needs of different organizations and equity plans.
  • Real-Time Updates: Provides real-time updates on equity transactions and valuations, ensuring stakeholders have the most current information.
  • Security and Privacy: Employs advanced security measures to protect sensitive employee and company data.
  • Employee Education: Includes resources and tools to help employees understand their equity plans and make informed decisions.
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  • Streamlined Onboarding: Simplifies the onboarding process by automating paperwork and integrating new hires into the system quickly.
  • Centralized Employee Data: Consolidates all employee information in one secure location, making it easy to access and manage.
  • Compliance Management: Helps ensure adherence to labor laws and regulations by keeping records up-to-date and providing alerts for compliance deadlines.
  • Time and Attendance Tracking: Accurately monitors employee hours, reducing errors and ensuring proper compensation.
  • Payroll Integration: Seamlessly integrates with payroll systems to ensure timely and accurate payment processing.
  • Performance Management: Facilitates regular performance reviews and goal setting, helping to align employee objectives with company goals.
  • Employee Self-Service Portal: Empowers employees to manage their own information, such as updating personal details and accessing pay stubs.
  • Enhanced Reporting: Provides detailed analytics and reports, enabling data-driven decision-making and strategic planning.
  • Improved Communication: Enhances internal communication through centralized messaging and notifications, ensuring everyone stays informed.
  • Cost Efficiency: Reduces administrative overhead by automating routine HR tasks, allowing HR professionals to focus on strategic initiatives.
  • Scalability: Adapts to the growing needs of your business, whether you are a small startup or a large enterprise.
  • Employee Engagement: Boosts morale and productivity by providing tools for feedback, recognition, and career development.
  • Data Security: Ensures the protection of sensitive employee information through robust security measures and compliance with data protection regulations.
  • Customizable Workflows: Allows for the creation of tailored workflows to match the unique processes of your organization.
  • Reduced Paperwork: Minimizes the need for physical documents, promoting a more sustainable and efficient workplace.
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  • Equity Plan Management: Comprehensive tools for managing various types of equity plans, including stock options, restricted stock units (RSUs), and employee stock purchase plans (ESPPs).
  • Global Compliance: Ensures adherence to local regulations and tax laws across multiple jurisdictions, reducing the risk of non-compliance.
  • Participant Portal: A user-friendly interface for employees to view and manage their equity holdings, exercise options, and track vesting schedules.
  • Real-Time Reporting: Advanced reporting capabilities that provide real-time insights into equity plan performance, participant activity, and financial impact.
  • Automated Workflows: Streamlines administrative tasks with automated processes for grant issuance, vesting, and option exercises.
  • Integration Capabilities: Seamlessly integrates with HRIS, payroll, and financial systems to ensure data consistency and accuracy.
  • Customizable Dashboards: Personalized dashboards that allow administrators to monitor key metrics and access critical data at a glance.
  • Mobile Access: Mobile-friendly platform enabling participants to manage their equity plans on-the-go via smartphones and tablets.
  • Tax Optimization Tools: Features that help participants and administrators optimize tax outcomes related to equity transactions.
  • Audit Trails: Detailed audit logs that track all changes and transactions, ensuring transparency and accountability.
  • Employee Education Resources: Comprehensive educational materials and tools to help employees understand their equity compensation and make informed decisions.
  • Data Security: Robust security measures, including encryption and multi-factor authentication, to protect sensitive information.
  • Scalability: Designed to accommodate the needs of companies of all sizes, from startups to large enterprises.
  • Support Services: Access to dedicated support teams and resources to assist with implementation, troubleshooting, and ongoing management.
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  • Employee Self-Service Portal: Allows employees to access their personal information, view pay stubs, and request time off directly from the platform.
  • Time and Attendance Tracking: Provides robust tools for tracking employee hours, managing schedules, and ensuring compliance with labor laws.
  • Payroll Management: Streamlines payroll processing with automated calculations, tax filings, and direct deposit options.
  • Benefits Administration: Simplifies the management of employee benefits, including health insurance, retirement plans, and other perks.
  • Compliance Management: Helps ensure adherence to federal, state, and local regulations with built-in compliance tools and reporting features.
  • Performance Management: Facilitates performance reviews, goal setting, and tracking employee progress to support professional development.
  • Recruitment and Onboarding: Streamlines the hiring process with applicant tracking, interview scheduling, and new hire onboarding workflows.
  • Customizable Reporting: Offers a variety of pre-built and customizable reports to provide insights into workforce metrics and trends.
  • Document Management: Centralizes storage and management of important HR documents, ensuring easy access and organization.
  • Mobile Accessibility: Provides a mobile-friendly interface, allowing users to access the platform from smartphones and tablets.
  • Integration Capabilities: Seamlessly integrates with other business systems such as accounting software, ERP systems, and third-party applications.
  • Security Features: Ensures data protection with advanced security measures, including encryption, role-based access controls, and regular audits.
  • Custom Workflows: Allows HR teams to create and automate custom workflows tailored to their specific processes and needs.
  • Employee Engagement Tools: Includes features like surveys and feedback mechanisms to gauge employee satisfaction and engagement levels.
  • Scalability: Designed to grow with your organization, accommodating the needs of small businesses to large enterprises.
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Product Ranking

#121

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#131

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User Sentiment Summary

Good User Sentiment 14 reviews
Excellent User Sentiment 7 reviews
74%
of users recommend this product

Shareworks has a 'good' User Satisfaction Rating of 74% when considering 14 user reviews from 1 recognized software review sites.

92%
of users recommend this product

Empeon has a 'excellent' User Satisfaction Rating of 92% when considering 7 user reviews from 1 recognized software review sites.

3.71 (14)
n/a
n/a
4.6 (7)

Awards

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Empeon stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Easy to Use: Users consistently praise Shareworks for its intuitive interface, making it easy to navigate and manage employee equity plans, even for those with limited experience.
Streamlined Administration: Shareworks simplifies the administration of equity plans, automating tasks like grant issuance, vesting calculations, and reporting, freeing up HR teams to focus on other priorities.
Comprehensive Reporting: The platform provides detailed reports on equity plan activity, allowing HR to track key metrics, analyze trends, and make informed decisions about compensation and equity strategies.
Excellent Customer Support: Users consistently highlight the responsiveness and helpfulness of Shareworks' customer support team, providing timely assistance and resolving issues efficiently.
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User-Friendly Interface: Empeon is recognized for its intuitive design, making it easy for HR professionals to navigate and perform tasks efficiently.
Strong Customer Support: Users have praised Empeon's responsive and helpful customer support team, ensuring that any issues are addressed promptly.
Handles Complex Payroll: The software is equipped to manage intricate payroll processes, including multi-state payroll and various deductions, simplifying what can often be a complicated task for HR.
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Limited Reporting Options: Some users have found the reporting features to be limited, making it difficult to track key metrics like employee engagement or performance.
Steep Learning Curve: The platform can be complex to navigate, especially for new users, requiring significant time investment to master its functionalities.
Lack of Customization: Users have expressed frustration with the limited customization options, making it challenging to tailor the platform to their specific HR needs.
Integration Challenges: Integrating Shareworks with other HR systems can be a cumbersome process, leading to data inconsistencies and potential errors.
Customer Support Issues: Some users have reported difficulties reaching customer support or experiencing long wait times for assistance.
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Occasional System Update Issues: Users have reported experiencing occasional hiccups with system updates, which can be disruptive to workflow.
Limited Customization: Some users have expressed a desire for more extensive customization options to better tailor the software to their specific needs.
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Is Shareworks really share-worthy, or does it need a performance review? User reviews from the past year present a mixed bag when it comes to Shareworks. Some users appreciate the platform's intuitive design and robust reporting capabilities, highlighting how it simplifies complex equity plans and provides a clear audit trail. For example, one user praised the software's ability to model different forecasting scenarios, which helped them make informed decisions about their equity compensation. However, other users have voiced concerns about the platform's customer support and occasional technical glitches. One user specifically mentioned experiencing difficulties integrating Shareworks with their existing HRIS system, leading to delays and frustration. This disparity in experiences suggests that Shareworks's suitability hinges on specific needs and expectations. Shareworks seems to be a good fit for publicly traded companies or large private companies with sophisticated equity compensation plans, especially those already familiar with Morgan Stanley's suite of financial services. Its strengths lie in its comprehensive features, detailed reporting, and integration with other Morgan Stanley products. However, smaller businesses or those with simpler equity structures might find the platform's complexity and cost outweigh its benefits. Ultimately, deciding whether Shareworks truly "works" for your organization requires careful consideration of your specific requirements and a thorough assessment of its capabilities against your needs.

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Empeon has garnered largely favorable feedback from users over the past year, particularly for its user-friendly design, powerful reporting tools, and responsive customer support. Users have expressed that the platform's intuitive nature simplifies complex HR and payroll processes, making it easier to manage employee data, track time and attendance, and generate comprehensive reports. A notable strength is Empeon's capacity for customization, allowing businesses to tailor the software to their specific needs, such as configuring unique pay rules or setting up automated workflows for tasks like onboarding new hires. However, some users have reported occasional hiccups with system updates and a steeper learning curve for new users, which could pose initial challenges for those unfamiliar with similar platforms. Empeon seems particularly well-suited for healthcare organizations, as evidenced by its specialized features for this industry, such as managing complex pay calculations and ensuring compliance with healthcare regulations.

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