Ellucian vs Shareworks

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Our analysts compared Ellucian vs Shareworks 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.

Ellucian Software Tool
Shareworks Software Tool

Product Basics

Ellucian Talent Management Suite is a SaaS product designed to facilitate recruiting and hiring processes for organizations in the higher education field. It is especially adept at combining both the hiring and development processes to find and retain highly qualified staff and faculty members, ensuring they become top performers and that the business operates at its highest level. Because it is easy to access, users can benefit by completing various tasks without added stress.
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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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Product Insights

  • Attract Top Talent: Post open positions to various channels; source candidates from multiple job boards and social media. Ensure those job postings reach a wider audience, helping to find the most qualified candidates for open positions within your organization. 
  • Develop Employee Skills: Help managers identify skills gaps to discern the training employees need. Identify and reward top performers. Empower workers to pick up the skills they need to advance in the workplace. 
  • Retain Top Employees: Monitor the employee lifecycle and identify specific tracks for employee growth; it helps retain top employees by providing them with clear career paths — ensuring that they see the potential for personal and professional development within the organization. 
  • Better Collaboration: Connects students, instructors, trainers and trainees alike. Allow for a more intense discussion about skill-building and other issues. Share data from department to department to ensure the best possible business and education practices. 
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  • 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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  • Higher Education: Oversee and manage essential parts of college life such as advancement, alumni relations, campus life, enrollment and financial aid. Recruit students for the college and keep track of multiple campaigns to find which work well and which need tweaking. 
  • Recruiting: 
    • Job Posts: Create career site listings and automate job postings that streamline the hiring process. Post jobs to social media, expanding the reach of postings to find the most qualified candidates. 
    • Resume Management: Pre-screen candidates with built-in assessment tools that help prioritize candidates with the specific skills needed for the position. 
  • Compensation Management: Set budget rules based on organizational processes and guidelines. Let managers gain insight into corporate spending to ensure it’s never over what the budget allows. 
  • Core HR: Manage everything from budgeting to time tracking with core HR tools. Motivate current workers and make them feel heard to increase productivity. Track everything from one convenient location. 
  • Learning Management: Access more than 30,000 learning resources, including pre-built templates, assessments and legislative compliance programs. Leverage training modules to help develop employees and meet specific needs of the business. 
  • Performance Management: Review performance appraisals to identify employee goals and determine what development track specific employees should pursue. Track and identify individual skills that employees possess to help recognize when an organization must fill skill gaps. 
  • Fundraising: Push a culture of philanthropy and drive successful charitable giving campaigns through donor activities, personalized engagement plans and searching, reporting and sharing data. 
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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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Product Ranking

#62

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HR Management Software

#121

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HR Management Software

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User Sentiment Summary

Good User Sentiment 393 reviews
Good User Sentiment 14 reviews
74%
of users recommend this product

Ellucian has a 'good' User Satisfaction Rating of 74% when considering 393 user reviews from 5 recognized software review sites.

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.

3.8 (158)
n/a
3.8 (25)
3.71 (14)
3.0 (92)
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4.3 (73)
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3.9 (45)
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Synopsis of User Ratings and Reviews

Functioning Integrations: Over 70% of users who discussed integrations were pleased with the results.
Easy Implementation: Reviewers thought the setup process went reasonably smoothly in over 70% of online talks that mentioned implementation.
Proper Functionality: More than 70% of commenters that discussed the tool’s features felt they worked well.
Excellent Customer Service: Users were pleased with customer service in over 60% of reviews mentioning it.
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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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Outdated Code: Just under 90% of reviewers who discussed the code said it was obsolete and clunky.
Too Expensive: Commenters who talked about price felt too costly in over 80% of reviews.
Clunky, Ugly UI: Over 70% of users who discussed its navigation and UI said it felt dated, ugly, hard to use and hard to learn.
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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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Ellucian is an elearning tool that specializes in higher education. Reviewers were pleased with the range of features, simple setup and functioning integrations. They especially like the customer service, which many described as helpful and timely. One of the most significant issues found across negative reviews was with the outdated code and the user interface. Users reported that the interface was hard to learn, challenging to navigate, ugly, obsolete and frustrating. Last, users weren’t pleased with the price, feeling that it cost too much given the scope of the system. Ellucian looks like a good choice for medium-sized high education institutions. Be sure to demo extensively and establish requirements before purchasing.

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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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