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Paycom

Paycom offers user-friendly HR and employee-driven payroll technology to enhance the employee life cycle, in a single software. Paycom drives efficiencies, increases data integrity and gives employees power over their HR informat...Read more about Paycom

4.36 (772 reviews)

171 recommendations

Paychex Flex

Paychex Flex is a human capital management solution that's designed using web-based modular technology and a dedicated service center to help meet the HR needs of employers of any size and industry. With a single login, users can ...Read more about Paychex Flex

4.14 (1398 reviews)

135 recommendations

Eddy

Eddy is the all-in-one HR Suite built for local businesses. With Eddy, businesses can streamline tedious HR processes and improve their employee experience by moving away from paper and spreadsheets and into our intuitive, web-bas...Read more about Eddy

4.62 (39 reviews)

111 recommendations

PrimePay

PrimePay is a one-stop payroll & HR provider purposely designed to meet the specific people management needs of growing businesses. In combination with exemplary customer and technical support, PrimePay offers business owners the ...Read more about PrimePay

3.72 (148 reviews)

104 recommendations

RUN Powered by ADP

The RUN Powered by ADP® (RUN) solution is designed to make your small business payroll quick and easy. With a streamlined process and powerful technology, you'll complete payroll in no time. Choose from basic payroll to a full sui...Read more about RUN Powered by ADP

4.48 (752 reviews)

91 recommendations

Rippling

Rippling gives businesses one place to run HR, IT, and Finance. It brings together all of the workforce systems that are normally scattered across a company, like payroll, expenses, benefits, and computers. So for the first time e...Read more about Rippling

4.88 (2634 reviews)

90 recommendations

UKG Pro

Designed for organizations who prioritize diverse workforces and cultures of trust and belonging, UKG Pro puts people at the center of your strategy. From HR and complex payroll to talent and industry focused workforce management,...Read more about UKG Pro

4.25 (496 reviews)

84 recommendations

Paylocity

Paylocity is a cloud-based human capital management (HCM) platform that provides human resources and payroll management tools to help businesses manage core HR functions. Key features include payroll processing, benefits administr...Read more about Paylocity

4.31 (752 reviews)

72 recommendations

WorkforceHub Time & Attendance

WorkforceHub is a cloud-based time, attendance, and leave management system for small to mid-size businesses. This software can capture time data from web-based clocks or physical clocks for employees onsite, mobile, and working a...Read more about WorkforceHub Time & Attendance

4.50 (28 reviews)

60 recommendations

ClearCompany

Since 2004, ClearCompany’s end-to-end Talent Management platform has enabled thousands of companies to maximize talent by empowering people at every stage of the employee journey. ClearCompany integrates data-driven best practices...Read more about ClearCompany

4.39 (307 reviews)

55 recommendations

TimeClock Plus

TimeClock Plus is a cloud-based workforce management solution designed to make the day-to-day of your organization more efficient. TimeClock Plus also offers dynamic scheduling and job costing features that can be configured to an...Read more about TimeClock Plus

4.36 (191 reviews)

55 recommendations

BambooHR

Instead of using fragmented spreadsheets, limited or clunky software, and physical paper, BambooHR helps you centralize your data and automate the way you complete key HR tasks. As you hire, onboard, and pay your employees, every ...Read more about BambooHR

4.59 (2450 reviews)

53 recommendations

WorkforceHub

WorkforceHub is a cloud-based time, attendance, and leave management system for small to mid-size businesses. This software can capture time data from web-based clocks or physical clocks for employees onsite, mobile, and working a...Read more about WorkforceHub

3.00 (3 reviews)

45 recommendations

EasyWorkforce

EasyWorkforce is a workforce management solution for companies of all sizes. It was specifically designed to focus on time and attendance of employees and their productivity. The software offers employers and HR departments the ne...Read more about EasyWorkforce

3.92 (12 reviews)

37 recommendations

Dayforce HCM

Dayforce, provided by Ceridian, is a solution for payroll, benefits, workforce management, human resources, talent management, document management, and analytics. As a single application, Dayforce provides organizations with acces...Read more about Dayforce HCM

4.29 (744 reviews)

35 recommendations

Prospr At Work

Prospr is a mobile and desktop app employees choose to connect with their teams, engage at work, and manage their schedules. Built by operators, for frontline teams, Prospr offers team communication, scheduling, sub-management, ...Read more about Prospr At Work

4.71 (17 reviews)

35 recommendations

Asure Payroll & Tax Management

Asure’s end-to-end Payroll, HR, and Time and Attendance solutions were developed specifically for small to mid-sized businesses. Take your business to the next level with an integrated Human Capital Management platform that helps ...Read more about Asure Payroll & Tax Management

3.43 (7 reviews)

30 recommendations

TeamBridge

Zira is a cloud-based employee scheduling and performance management system designed to automate complex team processes. Zira tools include a web-based manager and admin application that is ideal for creating and publishing schedu...Read more about TeamBridge

4.92 (13 reviews)

21 recommendations

ADP Workforce Now

ADP Workforce Solution is suited for businesses with more than 50 employees looking to streamline HR processes. ADP Workforce Now includes capabilities such as payroll processing and tax filing, performance management, compensatio...Read more about ADP Workforce Now

4.41 (6274 reviews)

20 recommendations

When I Work

When I Work is a cloud-based employee scheduling solution that helps organizations track time and attendance, create and edit employee schedules, add new jobs to the calendar, review timesheets and fill shifts. When I Work le...Read more about When I Work

4.48 (1020 reviews)

19 recommendations

Buyers Guide

Last Updated: March 16, 2023

What Is Human Capital Management Software?

Human capital management software is a type of software that provides features for strategic planning of available workforce. The software fits into the broader category of general HR software and offers overlapping features such as personnel and time and attendance tracking. The informal distinction is that human capital management software includes data visualization and analytics capabilities to predict requirements and optimize workforce.

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.

In this HCM software Buyers Guide we look at:

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 HR analytics models to help the 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.

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:

Related Human Resources Software

Core HR

Strategic HR