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HCM Software


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BirdDogHR Talent Management Suite-Performance logo
 
The BirdDogHR Talent Management System offers cloud-based applicant tracking and performance management software for organizations in all industries, especially construction, manufacturing, engineering and skilled trades. The Talent... Read More
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The BirdDogHR Talent Management System offers cloud-based applicant tracking and performance management software for organizations in all industries, especially construction, manufacturing, engineering and skilled trades. The Talent... Read More
 
AsureHCM logo
 
Asure People Success Platform is a workforce and workspace management software for small to midsize businesses, and enterprise corporations. The HCM platform empowers clients with information about the productivity level of employees.... Read More
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Asure People Success Platform is a workforce and workspace management software for small to midsize businesses, and enterprise corporations. The HCM platform empowers clients with information about the productivity level of employees.... Read More
 
Oracle HCM Cloud logo
 
Oracle HCM Cloud is a Human Resource (HR) solution that is designed to give information about employees, align HR processes and manage compliance. Key features include human resources, absence management, benefits, workforce predictions... Read More
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Oracle HCM Cloud is a Human Resource (HR) solution that is designed to give information about employees, align HR processes and manage compliance. Key features include human resources, absence management, benefits, workforce predictions... Read More
 
Centerpoint Payroll logo
 
CenterPoint Payroll is a standalone payroll management solution suitable for small to midsize businesses in a variety of industries. Key features include state and federal tax filing and maintenance, various earnings and deduction... Read More
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CenterPoint Payroll is a standalone payroll management solution suitable for small to midsize businesses in a variety of industries. Key features include state and federal tax filing and maintenance, various earnings and deduction... Read More
 
Criterion HCM logo
 
Criterion HCM is an integrated HRIS system with Payroll, HCM and suite of essential HR features. The system uses a modular approach to make sure that each client can start with basic modules and then expand as the requirement grows. The... Read More
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Criterion HCM is an integrated HRIS system with Payroll, HCM and suite of essential HR features. The system uses a modular approach to make sure that each client can start with basic modules and then expand as the requirement grows. The... Read More

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Workforce OS by Harri logo
 
Harri is a cloud-based human resource management (HRM) solution that caters to businesses in the hospitality industry and helps them to source talent for open jobs and manage various steps of the hiring process. Key features include... Read More
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Harri is a cloud-based human resource management (HRM) solution that caters to businesses in the hospitality industry and helps them to source talent for open jobs and manage various steps of the hiring process. Key features include... Read More
 
ApplicantPRO logo
 
ApplicantPRO by JobMatch is a cloud-based applicant tracking (ATS) system designed for small to midsized companies that are working to stay in compliance with EEO/AA and OFCCP guidelines.. Its interface can be utilized by organizations... Read More
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ApplicantPRO by JobMatch is a cloud-based applicant tracking (ATS) system designed for small to midsized companies that are working to stay in compliance with EEO/AA and OFCCP guidelines.. Its interface can be utilized by organizations... Read More
 
TimeClock Plus v7 logo
 
TimeClock Plus is a human resources (HR) solution specializing in time and attendance and employee scheduling. It is offered as both cloud-based and on-premise software, and is suited to businesses across a variety of industries. TimeClock... Read More
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TimeClock Plus is a human resources (HR) solution specializing in time and attendance and employee scheduling. It is offered as both cloud-based and on-premise software, and is suited to businesses across a variety of industries. TimeClock... Read More
 
Oracle HCM Cloud logo
 
Oracle HCM Cloud is a complete human resources (HR) application suite. It is designed to give a comprehensive view of all employees, align common HR processes across any device and manage compliance through a single application. Key... Read More
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Oracle HCM Cloud is a complete human resources (HR) application suite. It is designed to give a comprehensive view of all employees, align common HR processes across any device and manage compliance through a single application. Key... Read More
 
DATABASICS Time logo
 
DATABASICS Time is time and attendance software for companies of all sizes. DATABASICS has been operating in the software space since 1997 and the company has offices in both the U.S. and Canada. DATABASICS Time provides real-time... Read More
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DATABASICS Time is time and attendance software for companies of all sizes. DATABASICS has been operating in the software space since 1997 and the company has offices in both the U.S. and Canada. DATABASICS Time provides real-time... Read More

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PeopleGuru HCM logo
 
PeopleGuru HCM is a cloud-based HR solution that enables organizations to manage employee lifecycle. The solution also helps in managing different HR applications which include benefits management, payroll, compensation management,... Read More
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PeopleGuru HCM is a cloud-based HR solution that enables organizations to manage employee lifecycle. The solution also helps in managing different HR applications which include benefits management, payroll, compensation management,... Read More
 
SAP SuccessFactors logo
 
SAP SuccessFactors business software provides organizations with an integrated suite of features to manage their workforce. The solution offers tools for both enterprise organizations and small businesses. It's cloud-based, so the... Read More
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SAP SuccessFactors business software provides organizations with an integrated suite of features to manage their workforce. The solution offers tools for both enterprise organizations and small businesses. It's cloud-based, so the... Read More
 
UMANA logo
 
UMANA from Carver Technologies is an integrated human resources (HR), time and payroll management solution designed to serve midsize businesses across a range of industries. It helps collect and consolidate employee information at... Read More
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UMANA from Carver Technologies is an integrated human resources (HR), time and payroll management solution designed to serve midsize businesses across a range of industries. It helps collect and consolidate employee information at... Read More
 
EmployEz logo
 
EmployEz is a cloud-based human resources (HR) management solution for businesses of all sizes. Key features include onboarding, document management, employee self-service, purchase orders, payroll, invoicing and time and leave management. EmployEz... Read More
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EmployEz is a cloud-based human resources (HR) management solution for businesses of all sizes. Key features include onboarding, document management, employee self-service, purchase orders, payroll, invoicing and time and leave management. EmployEz... Read More
 
Triton HR logo
 
Triton HR offers small to midsize companies a cloud-based human resources (HR) solution that integrates payroll services, employee benefits and core HR applications into a single system. The system can be configured to support a wide... Read More
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Triton HR offers small to midsize companies a cloud-based human resources (HR) solution that integrates payroll services, employee benefits and core HR applications into a single system. The system can be configured to support a wide... Read More

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Kronos Workforce Dimensions logo
 
The Workforce Dimensions™ suite from Kronos is developed to enhance collaboration between employees and the organizations for which they work.  Powered by the Kronos D5™ platform and delivered via Google Cloud, Workforce Dimensions... Read More
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The Workforce Dimensions™ suite from Kronos is developed to enhance collaboration between employees and the organizations for which they work.  Powered by the Kronos D5™ platform and delivered via Google Cloud, Workforce Dimensions... Read More
 
TalentComp logo
 
TalentComp is a standalone compensation management solution suitable for businesses of all sizes. It can be deployed as a cloud-based or on-premise solution. TalentComp tracks employee compensation and performance history. Information... Read More
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TalentComp is a standalone compensation management solution suitable for businesses of all sizes. It can be deployed as a cloud-based or on-premise solution. TalentComp tracks employee compensation and performance history. Information... Read More
 
Shiftboard logo
 
Shiftboard is a cloud-based scheduling and workforce management solution that is suitable for businesses of any size that employ an hourly or shift-based workforce. Key features include employee management, scheduling, timekeeping,... Read More
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Shiftboard is a cloud-based scheduling and workforce management solution that is suitable for businesses of any size that employ an hourly or shift-based workforce. Key features include employee management, scheduling, timekeeping,... Read More
 
HRsoft logo
 
HRsoft is a cloud-based talent management solution that helps businesses across various industry verticals to manage their applicant tracking and acquisition routines. Key features include modular performance management, compensation... Read More
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HRsoft is a cloud-based talent management solution that helps businesses across various industry verticals to manage their applicant tracking and acquisition routines. Key features include modular performance management, compensation... Read More
 
Laserbeam Compensation logo
 
Compass is a cloud-based talent and compensation management solution designed for HR professionals, managers and executives. It helps HR employees plan compensation budgets, design and implement salary structures for different roles,... Read More
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Compass is a cloud-based talent and compensation management solution designed for HR professionals, managers and executives. It helps HR employees plan compensation budgets, design and implement salary structures for different roles,... Read More
 

Buyer's Guide

by Brian Westfall,
Market Research Associate
Last Updated: June 23, 2018


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 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.

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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