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HCM Software


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Kronos Workforce Ready logo
 
Workforce Ready is a cloud-based solution offering a variety of modules, that allows you to custom a system for employee data management. The solution offers a robust workflow engine and reporting, and also a mobile application.
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Workforce Ready is a cloud-based solution offering a variety of modules, that allows you to custom a system for employee data management. The solution offers a robust workflow engine and reporting, and also a mobile application.
 
Sage Payroll logo
 
Sage offers web-based payroll solutions designed for small and midsized companies in many industries.  For companies with 10 employees and 5 departments or less, Sage Payroll Essentials is a straightforward platform can be accessed... Read More
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Sage offers web-based payroll solutions designed for small and midsized companies in many industries.  For companies with 10 employees and 5 departments or less, Sage Payroll Essentials is a straightforward platform can be accessed... Read More
 
Ascentis logo
 
Ascentis is a fully integrated human resources software suite, which includes applications that span the employee life cycle, including recruiting, performance reviews, as well as personnel tracking and benefits administration.
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Ascentis is a fully integrated human resources software suite, which includes applications that span the employee life cycle, including recruiting, performance reviews, as well as personnel tracking and benefits administration.
 
BambooHR logo
 
BambooHR is a Web-based human resources (HR) software solution that is well-suited for small to midsized businesses, and as it’s Web-based, BambooHR is accessible through the Web browser of any device with an Internet connection.
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BambooHR is a Web-based human resources (HR) software solution that is well-suited for small to midsized businesses, and as it’s Web-based, BambooHR is accessible through the Web browser of any device with an Internet connection.
 
Vibe HCM logo
 
cfactor’s Vibe HCM is a human resources platform that combines core HR, payroll and benefits, onboarding, communications, talent management, analytics and real-time AskHR functionality. cfactor has been deployed for midsize to large... Read More
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cfactor’s Vibe HCM is a human resources platform that combines core HR, payroll and benefits, onboarding, communications, talent management, analytics and real-time AskHR functionality. cfactor has been deployed for midsize to large... Read More

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Asure People Success Platform logo
 
Drawing from 20 years of experience serving more than 4,500 companies, the Asure People Success Platform is a suitable option for small to midsize businesses, as well as enterprise corporations. Asure People Success includes modules... Read More
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Drawing from 20 years of experience serving more than 4,500 companies, the Asure People Success Platform is a suitable option for small to midsize businesses, as well as enterprise corporations. Asure People Success includes modules... Read More
 
UltiPro logo
 
Ultimate Software’s UltiPro® is a cloud-based human capital management (HCM) solution designed to help organizations manage their HR, payroll, and talent needs. A configurable solution, UltiPro has functionality for recruiting and... Read More
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Ultimate Software’s UltiPro® is a cloud-based human capital management (HCM) solution designed to help organizations manage their HR, payroll, and talent needs. A configurable solution, UltiPro has functionality for recruiting and... Read More
 
ECI Empower logo
 
ECI's human capital management (HCM) product is a unified SaaS, cloud-based solution for managing all aspects of employee administration, from pre-hire to retire. ECI is a single-source, real-time system that aims to eliminate manual... Read More
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ECI's human capital management (HCM) product is a unified SaaS, cloud-based solution for managing all aspects of employee administration, from pre-hire to retire. ECI is a single-source, real-time system that aims to eliminate manual... Read More
 
ApplicantPRO logo
 
ApplicantPRO by JobMatch is a web-based Applicant Tracking System. Its interface can be utilized by organizations in any industry - property management, manufacturing, education, food & beverage and more. It's well-suited for small... Read More
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ApplicantPRO by JobMatch is a web-based Applicant Tracking System. Its interface can be utilized by organizations in any industry - property management, manufacturing, education, food & beverage and more. It's well-suited for small... Read More
 
Epicor HCM logo
 
Epicor HCM is a global HRMS offering integrated talent management and human capital management solutions. These applications provide intuitive and adaptive HR functionality for core HR processes, as well as additional modules for Performance... Read More
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Epicor HCM is a global HRMS offering integrated talent management and human capital management solutions. These applications provide intuitive and adaptive HR functionality for core HR processes, as well as additional modules for Performance... Read More

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Sage People logo
 
Sage People enables mid-sized to enterprise companies to manage their workforces through its cloud HCM system. It allows organizations to transform how they acquire, engage, manage and develop their people, from a local to multinational... Read More
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Sage People enables mid-sized to enterprise companies to manage their workforces through its cloud HCM system. It allows organizations to transform how they acquire, engage, manage and develop their people, from a local to multinational... Read More
 
iManage by Corporate Business Solutions logo
 
iManage by Corporate Business Solutions is a full-featured HR solution that was designed to improve the organization of a human resources department. The software is best suited for mid-sized to enterprise-level businesses looking... Read More
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iManage by Corporate Business Solutions is a full-featured HR solution that was designed to improve the organization of a human resources department. The software is best suited for mid-sized to enterprise-level businesses looking... Read More
 
Synerion logo
 
With modules for time and attendance, staff scheduling and more, Synerion Workforce Management Solutions suites are suitable for organizations of all sizes looking to cut labor costs and automate worker attendance.  Able to be deployed... Read More
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With modules for time and attendance, staff scheduling and more, Synerion Workforce Management Solutions suites are suitable for organizations of all sizes looking to cut labor costs and automate worker attendance.  Able to be deployed... Read More
 
Oracle HCM Cloud logo
 
Oracle HCM Cloud is a complete core HR and integrated talent management suite. It is role-based for key stakeholders and supports the entire employee lifecycle from recruit to retire. For recruiters, the solution offers social sourcing... Read More
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Oracle HCM Cloud is a complete core HR and integrated talent management suite. It is role-based for key stakeholders and supports the entire employee lifecycle from recruit to retire. For recruiters, the solution offers social sourcing... Read More
 
EPAY Human Capital Management logo
 
EPAY Human Capital Management is an integrated HR system that helps midsize and large companies track, manage and pay their employees. EPAY Systems specializes in industries like business services, staffing, manufacturing, healthcare... Read More
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EPAY Human Capital Management is an integrated HR system that helps midsize and large companies track, manage and pay their employees. EPAY Systems specializes in industries like business services, staffing, manufacturing, healthcare... Read More

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Kronos Workforce Central logo
 
Kronos Workforce Central is a set of human resource and workforce management applications including Kronos HRMS, payroll, time and attendance, absence management, scheduling and more. The Workforce Central suite of tools has been created... Read More
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Kronos Workforce Central is a set of human resource and workforce management applications including Kronos HRMS, payroll, time and attendance, absence management, scheduling and more. The Workforce Central suite of tools has been created... Read More
 
Vista HRMS logo
 
Vista HRMS is a human resources (HR) solution best suited for organizations with at least 250 employees that need a complete and integrated suite of HR, recruiting, benefits and payroll and self-service software. The system is cloud-based... Read More
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Vista HRMS is a human resources (HR) solution best suited for organizations with at least 250 employees that need a complete and integrated suite of HR, recruiting, benefits and payroll and self-service software. The system is cloud-based... Read More
 
PeopleGuru HCM logo
 
PeopleGuru™ HCM is an enterprise-level web-based solution designed to manage the core HR needs of mid-sized companies in several different industries. Within PeopleGuru, users gain access to several different applications including... Read More
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PeopleGuru™ HCM is an enterprise-level web-based solution designed to manage the core HR needs of mid-sized companies in several different industries. Within PeopleGuru, users gain access to several different applications including... Read More
 
myhrtoolkit logo
 
myhrtoolkit is a cloud-based human resources (HR) solution that helps users manage staff and organize HR processes. The solution is suitable for businesses of all sizes. myhrtoolkit offers features such as document management, holiday... Read More
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myhrtoolkit is a cloud-based human resources (HR) solution that helps users manage staff and organize HR processes. The solution is suitable for businesses of all sizes. myhrtoolkit offers features such as document management, holiday... Read More
 
Justworks PEO logo
 
Justworks PEO is a human resources solution for small and mid-sized companies in industries including accounting, advertising, non-profit, banking, consulting, telecommunications and more. Core features offered within Justworks PEO... Read More
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Justworks PEO is a human resources solution for small and mid-sized companies in industries including accounting, advertising, non-profit, banking, consulting, telecommunications and more. Core features offered within Justworks PEO... Read More
 

Buyer's Guide

by Brian Westfall,
Market Research Associate
Last Updated: April 28, 2017


Human capital management (HCM) software could be thought of as the next step in the evolution of human resources (HR) software. Rather than managing employees as if they’re static resources with finite skills and limited capabilities, HCM software manages employees as “human capital” that can be grown, leveraged and strategically deployed.

This might sound like an insignificant shift in perspective without a substantive difference, but that couldn’t be further from the truth! The shift in perspective behind HCM software brings with it a selection of new tools and applications—discussed in detail below—that improve the ability of organizations to leverage and grow their human capital investments.

As a “next step” in a long line of HR software, tools and strategies, many companies have questions about HCM software. An increasingly large portion of these companies are small and midsize businesses (SMBs). Below we examine and explain core aspects of HCM software, paying particular attention to the functionalities and use cases most relevant to SMBs.

In this HCM software Buyer’s Guide we look at:

What Is Human Capital Management Software?
Common Functions of Human Capital Management Software
What Type of Buyer Are You?
Recent Events You Should Know About

What Is Human Capital Management Software?

Technically, HCM software fits into the broader category of general HR software and as such, it can include some or all of the following core HR functionalities:

  • Recruiting
  • Onboarding
  • Personnel tracking
  • Time and attendance
  • Payroll

The informal distinction between HCM and general HR software is that HCM includes tools useful for more strategic workforce planning and analysis, while core HR software is typically more focused on the nuts and bolts of employee management. This is discussed in more detail in the final section below.

Of course, this standard warning applies: Vendors market their software differently and have a tendency to blur distinctions and descriptions. While the distinction above may not hold in all cases, it’s still useful to keep in mind as you read reviews and move closer to a purchase decision.

Common Functions of Human Capital Management Software

The following are generalized descriptions of the functionalities commonly included in HCM software. While they may be described differently by different vendors, the essential functionality will be similar across the board.

Core HR administration These are the functionalities associated with traditional HR software, such as: benefits and payroll administration, employee life cycle process management and organization of employee data.
Talent management These applications help manage recruiting and onboarding processes, compensation, management of employee performance and training and education programs.
Workforce management These tools help manage day-to-day workforce activities by tracking time and attendance, activity and task tracking, scheduling and absence management.
HR service delivery These tools are provided largely for the benefit of employees, offering direct (online) access to important records and information regarding their employment.
Workforce analytics These functions include reporting and data visualization features as well as predictive analytics models to help the HR department predict and plan for likely future scenarios and challenges.

What Type of Buyer Are You?

Core HR buyer. Your company has grown and it’s time to graduate from your spreadsheet-and-email methods of managing employees. Core HR platforms provide the essential, must-have HR functions such as personnel tracking, absence management, payroll, benefits administration and recruiting. Core HR platforms can be purchased for on-premise installation or as online software.

Best-of-breed core HR buyer. You already have a system for managing human resources. It’s an older system and doesn’t have much fancy functionality, but it’s integral to your operations and would be costly to replace. But, you’ve found you need some additional functionality, maybe something to help you better track applicants or update your appraisal and review processes. Often, HCM applications can be purchased as best-of-breed solutions, letting you add new HR functionality without much capex or system downtime.

Strategic HR buyers. If you’re in this group, then you probably have loftier HR goals, like workforce optimization and strategic workforce planning. These goals require better analytical tools that can help with forward-looking projections and planning. To the average (core) HR buyer, some of these tools would be considered “nice to have.” But for companies that want to amp up their HR strategy and are looking for tools to help with, for example, performance management, succession planning or compensation management, then HCM software is usually the best choice.

Recent Events You Should Know About

SAP using SuccessFactors for improved employee acquisition (August, 2016). As more and more companies learn to adapt their hiring practices to an increasingly millennial-centric workforce, SAP is finding success with its own HCM platform, SuccessFactors. In an article in ITbusiness, the software giant describes how its HCM platform helps the company attract and retain the best available talent from a younger population.

Applebee’s franchisee using UltiPro to improve onboarding, payroll processes (September, 2016). RMH Franchise Corporation, which operates over 175 Applebee’s locations, announced it was switching to cloud-based HCM platform UltiPro to improve its onboarding and processing of payrolls. The company expects the move to greatly reduce the workload for office staff, by automating many repetitive processes involved with accounting and tax reporting for the company’s 10,000-plus employees.

Walmart automating 7,000 back-office accounting and invoicing jobs (September, 2016). After completing a successful trial run in some 500 stores this summer, Walmart announced it will continue moving ahead with the plan to automate certain back-office roles. The move comes as Walmart faces continuing pressure from slowing sales and is actively trying to leverage new IT to improve operational efficiency.

Related HR and HCM Software Categories

There’s a variety of stand-alone HR applications and full HR and HCM platforms on the market, and buyers are encouraged to examine all of their options before making a purchase decision. Depending on if you’re a core HR buyer, a best-of-breed core HR buyer or a strategic HR buyer (see explanations above) you might find the perfect HR tool on one of the related pages below:

Free Download:
Core HR Software Pricing Guide

Free Download:
Ten Steps Guide to Selecting the Right
Human Resources (HR) Software

 

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