15Five vs Wave Payroll
A head-to-head comparison to help you pick the right tool
Last updated: April 30, 2026
15Five
15Five is a continuous performance management platform focused on weekly check-ins, OKRs, and employee engagement. It helps managers stay connected with their teams through structured feedback and recognition tools. 15Five is popular with remote and distributed teams that need async communication tools.
Wave Payroll
Wave Payroll is a simple payroll solution built into the Wave accounting ecosystem. It is designed for very small businesses that already use Wave for accounting and want an integrated payroll solution. Wave Payroll handles direct deposit, tax payments, and W-2s, making it a natural choice for businesses already in the Wave ecosystem.
Pros
- ✓Simple and intuitive weekly check-in format that drives adoption
- ✓Strong OKR and goal-setting tools
- ✓Excellent manager training and coaching resources
- ✓Good engagement survey tools with benchmarking
Cons
- ✗Limited HR functionality beyond performance and engagement
- ✗No payroll or benefits administration
- ✗Reporting could be more advanced for data-driven HR teams
Pros
- ✓Seamlessly integrates with Wave accounting — no manual data transfer needed
- ✓Very affordable pricing for micro-businesses
- ✓Simple interface with minimal setup required
- ✓Free Wave accounting included with subscription
Cons
- ✗Limited features compared to dedicated payroll platforms
- ✗Tax filing is only automatic in select states — manual filing required in others
- ✗No mobile payroll app
- ✗Not suitable for businesses with complex payroll needs
15Five vs Wave Payroll: Side by Side
| Factor | 15Five | Wave Payroll |
|---|---|---|
| User Rating | N/A | N/A |
| Category | HR Software | Payroll Software |
| Pricing Model | Paid | Paid |
| Starting Price | $4/user/mo | $20/mo + $6/person |
| Best For | Companies focused on employee engagement and performance | Micro-businesses already using Wave accounting that want simple integrated payroll |
| Our Pick | — | — |
15Five Features
- ✓Weekly check-ins
- ✓OKRs
- ✓performance reviews
- ✓engagement surveys
- ✓manager training
Wave Payroll Features
- ✓Payroll processing
- ✓direct deposit
- ✓tax payments and filings
- ✓W-2 and 1099 preparation
- ✓Wave accounting integration
- ✓employee self-service
Pricing Comparison
Our Take
Choose 15Five if companies focused on employee engagement and performance. Choose Wave Payroll if micro-businesses already using wave accounting that want simple integrated payroll.
Best For
Companies focused on employee engagement and performance
Best For
Micro-businesses already using Wave accounting that want simple integrated payroll
Also Consider
If neither 15Five nor Wave Payroll is the right fit, Justworks is worth evaluating.
Justworks
Small businesses wanting Fortune 500 benefits
From $59/employee/mo
Frequently Asked Questions
What is the difference between 15Five and Wave Payroll?
15Five is best for companies focused on employee engagement and performance. Wave Payroll is best for micro-businesses already using wave accounting that want simple integrated payroll.
Which is better, 15Five or Wave Payroll?
Choose 15Five if companies focused on employee engagement and performance. Choose Wave Payroll if micro-businesses already using wave accounting that want simple integrated payroll.
How much does 15Five cost?
15Five starts at $4/user/mo. Pricing model: Paid.
How much does Wave Payroll cost?
Wave Payroll starts at $20/mo + $6/person. Pricing model: Paid.
Who should use 15Five?
Companies focused on employee engagement and performance
Who should use Wave Payroll?
Micro-businesses already using Wave accounting that want simple integrated payroll