Top 3 And More – Best HCM Software of 2023

Top Best HCM Software
Share on email
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on reddit

Table of Contents

What is a Human Capital Management Software?

HCM (Human Capital Management) Software plays an essential role in an organization’s ability to track and improve its profitability through improved HR management. A collection of human resource applications allows companies to manage their workforce acquisition through recruitment, onboarding, training, and performance management.

HCM records and stores data about employee records in a database. Provides you with the capability to manage payroll, track employee time worked, manage administration, find and hire new employees, etc.

Human Capital Management (HCM) Software is essential to help prevent overpaying employees, help determine if employees are meeting goals and benchmarks, help management schedule shifts, etc. Provides strategic planning of the available workforce and includes data visualization and analytics capabilities to predict requirements and optimize the workforce.

Advantages of an HCM Software

List of Best HCM Software

When you start looking for the best HCM software, it is easy to get overwhelmed with the list of options available. Here is the handpicked list of HCM software to choose as per your requirement:

Infor-HCM-Software
Image Courtesy - https://www.hrmsworld.com/

Infor HCM is a cloud-based software. It consists of core HR, talent optimization, learning management, HR service delivery, compensation management, workforce management capabilities, and unique behavioural science tools that apply predictive analytics across talent processes. Infor HCM software provides users with remote access, and the platform is designed to work on mobile and desktop devices. Automatically tracks accrued vacation time and employee absences.

Key Features:

To know more about Infor HCM Software features and product options, click here to continue.

Image Courtesy - https://www.hrmsworld.com/

Workday HCM is cloud-based software, which provides a single solution for all the HR activities like financial management, workforce management, human capital management, employee management, performance management, planning, etc. It is designed for almost all sizes of businesses, especially companies with multiple locations. Workday HCM application is user-friendly, global system software that offers the latest version with updated capabilities to the customers both on the browser and mobile.

Key Features:

To know more about Workday HCM Software features and product options, click here to continue.

Image Courtesy - https://crozdesk.com/

Rippling helps you manage your company’s Payroll, HR, and IT all in one modern platform. Maintains all of your employee management systems and data together and helps automate your busy work. The software helps unify employee data management whether your business has one employee or 1,000 employees. Rippling HCM software provides a mobile app and self-service portal so that employees can monitor and rectify any errors that occur with their information.

Key Features:

To know more about Rippling HCM Software features and product options, click here to continue.

Image Courtesy - https://www.capterra.com/

Ascentis is a cloud-based human capital management (HCM) software that provides robust systems to manage workforce optimization while maintaining compliance with federal mandates easily. It is designed for midsize companies, including recruiting, onboarding, time and attendance, and payroll.

Ascentis HCM application provides insights into trends with deep analytics within employee metrics. Provides a fully-automated time and attendance solution that features online timesheets, clock in/out functionality, scheduling, etc.

Key Features:

To know more about Ascentis HCM Software features and product options, click here to continue.

Image Courtesy - https://www.viventium.com/

Viventium is a cloud-based human resources and payroll solution for small to mid-size businesses. It includes payroll, talent acquisition, ACA tracking, business intelligence, time, and attendance. Viventium HCM solution enables HR professionals to track employees via the integrated HRIS software – including data on employment and HR capabilities – and add notes and upload documents into each profile. Users can then provide employees with essential information, such as employee policy handbooks.

Key Features:

To know more about Viventium HCM Software features and product options, click here to continue.

Vibe-HCM-Software
Image Courtesy - https://www.betterbuys.com/

Vibe Human Capital Management software provides HR transactions & compliance and strategic employee engagement in one platform. It includes an applicant tracking system, recruiting, onboarding, talent development, recognition, and engagement measurement delivered via two packaged editions: Essential and Edge. Essential is best for businesses that need to get up and running quickly but want to improve in the future. Edge is suitable for users whose complex requirements call for advanced and customization capabilities.

Key Features:

To know more about Vibe HCM Software features and product options, click here to continue.

Oracle-HCM-Software
Image Courtesy - https://www.oracle.com/

Oracle HCM Cloud is advanced HCM controls to connect the human resource process from hire to retirement, including global HR, workforce management, and payroll. It connects enterprises with one cloud unifying HCM across finance, supply chain, and customer experience. It provides complete, accurate, and real-time visibility across your workforce.

Oracle HCM Cloud software provides a consistent experience across devices, enables you to improve decision-making, and empowers you with market-leading innovation to address your needs today and into the future.

Key Features:

To know more about Oracle HCM Cloud Software features and product options, click here to continue.

Image Courtesy - https://crozdesk.com/

Staff Squared offers mobile and desktop-based HCM software systems operated on a cloud platform. It includes both employee and manager dashboards and a reporting system able to export into excel, PDF, and CSV files. Enables you to easily manage workforce planning, such as onboarding, absence management, employee data and files, and time off in a web-based platform. Staff Squared human capital management tools allow you and your team to spend less time buried in HR tasks paperwork.

Key Features:

To know more about Staff Squared HCM Software features and product options, click here to continue.

Image Courtesy - https://www.zarantech.com/

BambooHR is a cloud-based Human Capital Management (HCM) software for small and midsize businesses. Allows managing employee information and performance reviews in a centralized location that makes it easier for HR to find relevant employee lifecycle information. From personal and payment information and streamlines the whole recruiting process from applications to first-day orientation.

BambooHR is a core HR software that uses a subscription-based model that depends on employees plus a one-time implementation fee. Compatible with Linux, Windows, and Mac. It is accessible from anywhere, so you will always have the information you need.

Key Features:

To know more about BambooHR HCM Software features and product options, click here to continue.

Zoho-People-HCM-Software
Image Courtesy - https://www.fool.com/

Zoho People is a cloud-based HCM software for businesses of all sizes that simplifies and automates HR operations and workforce planning. Enables you to perform all the HR functions, from onboarding to exit from a single, centralized location, making the processes more accountable and transparent. Empower your employees to keep track of their activities. Zoho People HCM also offers drag and drop functionality.

Key Features:

To know more about Zoho People HCM Software features and product options, click here to continue.

SAP-SuccessFactors-HCM-Software
Image Courtesy - https://www.ixerv.com/

SAP SuccessFactors HCM software provides a complete set of talent management solutions, robust workforce analytics, and planning with a next-generation core HR solution that improves executive insight and decision making. SAP SuccessFactors HCM helps ensure you have the right people with the right skills to do good work. Ties people’s strategy to business strategy with workflows that directly impact business results and drive company success.

Key Features:

To know more about SAP SuccesFactors HCM Software features and product options, click here to continue.

Uzio-HCM-Software
Image Courtesy - https://crozdesk.com/

UZIO is a cloud-based solution that is suitable for businesses of all sizes. This integrated solution offers employers and employees single sign-on access to centralize their HR tasks, benefits management, workforce management and online payroll processing. UZIO HCM vendors automate HR administrative tasks, record-keeping, and compliance. Its self-service people operations platform helps employers go paperless and navigate employee management complexities in a few clicks.

Key Features:

To know more about Uzio HCM Software features and product options, click here to continue.

UltiPro-HCM-Software
Image Courtesy - https://www.hrmssolutions.com/

UltiPro Human Capital Management (HCM) Software provides a combination of time and labour management, talent, compensation, payroll, performance reviews and HR modules that effectively link individuals to data and resources needed to carry out their tasks effectively. Ultimate software comes with a people management solution intended for a wide range of roles such as an executive, supervisor, HR manager, HR director, hiring manager, payroll professional, etc.

Key Features:

To know more about UltiPro HCM Software features and product options, click here to continue.

Epicor-HCM-Software
Image Courtesy - https://www.hrmsworld.com/

Epicor HCM software is suitable for midsize to enterprise-level companies across various industry segments. Offers integrated talent management and human capital management solutions and provides tools to support core HR functionality.

Epicor HCM software provides additional modules for training and development, timesheets, position control, candidate self-service, and mobile employee and manager self-service.

Key Features:

To know more about Epicor HCM Software features and product options, click here to continue.

Gusto-HCM-Software
Image Courtesy - https://technologyadvice.com/

Gusto is a cloud HCM platform that helps small business owners to take care of all tasks. Offers HR systems and HR services to manage employee onboarding, running payroll, and engaging employees and teams using one integrated and easy-to-use platform.

Gusto HCM software streamlines the payroll process using integrated payroll software and makes running payroll easy by offering full-service support for automatic payroll processing, tax filing, and payroll compliance.

Key Features:

To know more about Gusto HCM Software features and product options, click here to continue.

Saba-Cloud-HCM-Software
Image Courtesy - https://technologyadvice.com/

Saba human capital management solution is a cloud-based learning and talent management application designed to drive employee engagement, elevate skills, goal tracking, succession planning, recruiting, and improve business productivity. It offers instant access to thousands of learning courses available online.

Saba cloud HCM software provides personalized and relevant content recommendations to learners. The web and video meetings embedded into the content help learners collaborate with the tutor during the training.

Key Features:

To know more about Saba Cloud HCM Software features and product options, click here to continue.

Zenefits-HCM-Software
Image Courtesy - https://www.hrpayrollsystems.net/

Zenefits Human Capital Management (HCM) is one of the best HCM software that manages all HR, payroll, employee performance, time-tracking, and employee benefits processes from a single online dashboard. HR processes are deeply integrated so that changes made to one aspect of the human resource information system automatically initiate changes to all relevant information. Zenefits HCM software also provides performance apps that combine with advisory services and integrated partner apps to simplify HR administration radically.

Key Features:

To know more about Zenefits HCM Software features and product options, click here to continue.

Conclusion

HCM Software allows managers to schedule performance appraisals at periodic intervals to go over the recent work of an employee. Also enables users to see how quickly a staff member is taking care of the work assigned to them. Allows users to manage from recruiting to ensuring higher employee churn rates, and all functions fall under the human resources department.

Human capital management software includes less paperwork, improved accuracy, and reduced administrative tasks. It eliminates human error and ensures your employees succeed at their job. Human Capital Management (HCM) Software easily allows management personnel to manage the talent that resides in the company.

Frequently Asked Questions

Which is the best ERP software for HCM?

SAP: It includes the core systems of SuccessFactors BizX, the Core ERP software, and the analytic core systems. The total market share for the two major software companies is approximately 11%.

Oracle: It includes the more than complete Oracle Fusion suite and the talent management specialized Oracle Talent Cloud (Taleo). Both of these suites integrate well with each other.

Workday Human Capital Management: It includes core HR functionalities, including recruitment, automation, and payroll. It has a 9% market share and is the second leading company in Human Capital Management.

Which software is the best human capital management software?

BambooHR allows you to manage employee information centralized in one location, making it easier for HR to find entire employee lifecycle information. 

Gusto HCM streamlines the payroll process using integrated payroll software and makes running payroll easy by offering full-service support for automatic payroll processing, tax filing, and payroll compliance.

Oracle HCM connects enterprises with one cloud unifying HCM across finance, supply chain, and customer experience. It provides complete, accurate, and real-time visibility across your global workforce.

Which human capital management software does Google use?

OnePoint HCM allows users to integrate with the Google tools to increase employee involvement, boost productivity, and improve workplace efficiency. It enables you to streamline collaboration, enhance employee experience, and promote reporting via the secure Google tools.

What is HCM?

Human Capital Management helps transform the traditional administrative functions of human resources departments into opportunities to drive engagement, productivity, and business value. HCM considers the workforce as a core HR asset of the business and can be maximized through strategic investment and management.

What is SaaS HCM?

HCM SaaS is a cloud-based software designed for small & mid-size companies. It covers HR functional areas such as time and attendance, staff profiles, payroll, performance, training, and analytics. It is designed to encourage decision-makers to conclude from reliable, accurate, analytical facts.

Human Capital Management (HCM) software SaaS offers integrated human resource functions to manage and analyze HR data effectively. It offers superior service delivery capabilities to employees with self-service functionality on web & mobile devices. 

Why is human capital management software important?

Human Capital Management (HCM) Software is essential to help prevent overpaying employees, help determine if employees are meeting goals and benchmarks, help management schedule shifts, etc. Provides strategic planning of the available workforce and includes data visualization and analytics capabilities to predict requirements and optimize the workforce.

What are the benefits of HCM software adoption?

Human Capital Management software helps transform the traditional administrative functions of human resources departments into opportunities to drive engagement, productivity, and business value. HCM considers the workforce as a core HR asset of the business and can be maximized through strategic investment and management.

What companies use the best HCM software?

Companies that use HCM are Financial Services, IT Companies, Healthcare Industries, Educational Institutions, and Marketing Industries.

Share on email
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on reddit

Table of Contents

5 1 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x