Ceridian Company Overview
What is the Stock Ticker for Ceridian?
The stock ticker for Ceridian is CDAY.
Where is the Ceridian headquarters?
Ceridian's headquarters is located in Minneapolis, Minnesota, USA.
What Does Ceridian Do?
Ceridian is a human resources and payroll software company that provides cloud-based solutions for businesses of all sizes. Their services include payroll processing, benefits administration, time and attendance tracking, and talent management. They aim to simplify HR processes and improve employee engagement and productivity.
How Does Ceridian Make Money?
Ceridian is a human resources software and services company that makes money through a variety of revenue streams.
1. Subscription-based software: Ceridian offers a cloud-based human capital management (HCM) software called Dayforce. Customers pay a subscription fee to use the software, which includes features such as payroll, benefits administration, time and attendance tracking, and talent management. The subscription fee is based on the number of employees using the software and the features selected.
2. Professional services: Ceridian offers professional services to help customers implement and optimize their use of Dayforce. These services include project management, change management, and training. Customers pay for these services on a project basis.
3. Payment processing: Ceridian offers payment processing services for payroll and other employee-related payments. Customers pay a fee for each transaction processed.
4. Data analytics: Ceridian offers data analytics services to help customers gain insights into their workforce and make data-driven decisions. Customers pay for these services on a project basis.
5. Outsourcing: Ceridian offers outsourcing services for certain HR functions, such as payroll and benefits administration. Customers pay a fee for these services based on the number of employees and the scope of services provided.
Overall, Ceridian's revenue is generated through a combination of subscription-based software, professional services, payment processing, data analytics, and outsourcing services.
Who Founded Ceridian?
Ceridian was founded by David Ossip and Ronald F. Clarke.
What is the History of Ceridian?
Ceridian is a global human capital management technology company that was founded in 1932 in Minneapolis, Minnesota. Originally known as Control Data Corporation, the company began as a provider of computer services and equipment. In the 1980s, the company shifted its focus to human resources and payroll services, and in 1992, it changed its name to Ceridian Corporation.
Throughout the 1990s and early 2000s, Ceridian expanded its offerings through acquisitions of other HR and payroll companies, including Comdata, a provider of payment processing services, and Dayforce, a cloud-based HR and payroll software provider. In 2018, Ceridian went public and began trading on the New York Stock Exchange under the ticker symbol CDAY.
Today, Ceridian serves over 50 countries and has more than 4,500 employees worldwide. The company's products and services include payroll processing, benefits administration, workforce management, and HR software solutions. Ceridian is committed to helping organizations of all sizes optimize their human capital management processes and improve the employee experience.
What Industry is Ceridian In?
Ceridian is in the human resources and payroll software and services industry.
What Are Ceridian's Competitive Advantages?
1. Advanced Technology: Ceridian has invested heavily in developing advanced technology solutions that help businesses manage their workforce more efficiently. Its cloud-based HCM platform, Dayforce, is a comprehensive solution that integrates HR, payroll, benefits, and workforce management.
2. Global Presence: Ceridian has a global presence with operations in North America, Europe, and Asia-Pacific. This allows the company to serve a diverse range of clients across different industries and geographies.
3. Customer Service: Ceridian is known for its exceptional customer service. The company has a dedicated team of customer support professionals who are available 24/7 to assist clients with any issues they may face.
4. Industry Expertise: Ceridian has deep industry expertise in several sectors, including healthcare, retail, hospitality, and manufacturing. This allows the company to provide tailored solutions that meet the unique needs of each industry.
5. Strong Partnerships: Ceridian has established strong partnerships with leading technology providers, such as Microsoft and IBM. These partnerships enable the company to leverage the latest technologies and offer cutting-edge solutions to its clients.
What Are Ceridian's Competitive Threats?
Some competitive threats to Ceridian include:
1. Other HR software providers: There are many other companies that offer HR software solutions, such as ADP, Paychex, and Workday. These companies may offer similar features and functionality to Ceridian, making it difficult for Ceridian to differentiate itself in the market.
2. Emerging technologies: As new technologies emerge, such as artificial intelligence and machine learning, other companies may be able to offer more advanced HR solutions that Ceridian cannot match.
3. Economic downturns: During economic downturns, companies may cut back on HR software spending, which could negatively impact Ceridian's revenue.
4. Global competition: Ceridian operates in a global market, and faces competition from companies based in other countries, such as SAP and Oracle.
5. Changing regulations: Changes in labor laws and regulations could impact Ceridian's ability to offer certain features or services, or could increase the cost of doing business.
Who Are Some of the Competitors of Ceridian?
Some of the competitors of Ceridian include ADP, Paychex, Ultimate Software, Kronos, and Workday.
What Are Some of Ceridian's Products and Services?
Some notable products and services from Ceridian include Dayforce, a cloud-based human capital management software, Powerpay, a payroll processing solution, and LifeWorks, an employee assistance program and wellness platform. Ceridian also offers managed payroll and tax filing services, time and attendance tracking, and benefits administration.
Has Ceridian Acquired any Companies?
Yes, Ceridian has made several notable acquisitions over the years. Some of the most significant ones include Dayforce, a cloud-based human capital management software provider, and Excelity Global, a payroll and HR outsourcing company. Ceridian also acquired Clarity WFM, a workforce management software provider, and Comdata, a payment processing and fleet management company.