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:
1. Infor
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:
- It provides flexibility to configure the time settings for each geographic location where your company operates
- Incorporates automation that handles the resume screening and application review process
- Offers self-service tools for employees and employers, which includes 24/7 access to personalized information
- Allows HR managers to identify top talent that’s best suited for the organization
To know more about Infor HCM Software features and product options, click here to continue.
2. Workday
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:
- Enables you to easily configure, adapt, and automate your applications to meet your company’s evolving needs
- It gives you the tools to improve, manage, develop, align, and reward your employees
- Allows users to integrate with the ADP workforce
- Offers accurate, real-time insight into the performance, skills, and development needs of the workforce
- Allows you to identify the best people across your organization so that you can engage and develop those with high potential
To know more about Workday HCM Software features and product options, click here to continue.
3. Rippling
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:
- Rippling makes it easy for employees to get paid, track PTO, and do open healthcare enrollment
- Can connect to software that your company already has and syncs data across all of these systems
- User-friendly software and provides excellent customer service support
- It can be integrated with various business systems to ensure an organized data management system
To know more about Rippling HCM Software features and product options, click here to continue.
4. Ascentis
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:
- Available as a single HCM solution or can be purchased as separate modules that integrate with other solutions
- Supports online enrollment, saves the HR department time and eliminates unnecessary paperwork
- Increases employee engagement and satisfaction through self-service functionality
- Allows us to process payroll in real-time and ensure 100% accuracy
To know more about Ascentis HCM Software features and product options, click here to continue.
5. Viventium
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:
- Allows users to preview payroll before submitting and creating custom reports using various visualization options
- Allows employees to request paid time off using the employee self-service app
- Enables us to create job postings, customize application links, and share links on hiring and social media channels
- Provides employee self-service app for iOS and Android devices
To know more about Viventium HCM Software features and product options, click here to continue.
6. Vibe HCM
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:
- Allows you to access the platform via any device
- Also includes the ability to set multiple languages and currencies for organizations that operate globally
- Automates applicant tracking system and hiring processes for faster and easier recruitment
- Enables HR teams to execute payroll on time and without errors
To know more about Vibe HCM Software features and product options, click here to continue.
7. Oracle HCM Cloud
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:
- Offers performance tracking features that empower employees to set goals and capture feedback from different sources
- Oracle HR tools allow access to personalized learning content and enable users to establish curriculums for programs, assignments, etc
- Enables users to track and monitor time and labour, implement absence policies, align skills and experience, etc
- Oracle comprehensive HCM solution allows organizations to review and identify top talent and plan for career development within the workforce
To know more about Oracle HCM Cloud Software features and product options, click here to continue.
8. Staff Squared
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:
- Staff Squared HCM tools to track your staff expenses easily, effortlessly and reliably
- Manage all staff time off in one central and easy to use a calendar
- Centralize all required information in one organized, backed up location
- Quickly generate reports from the report library, make intelligent and data-driven decisions
To know more about Staff Squared HCM Software features and product options, click here to continue.
9. BambooHR
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:
- Allows users to select pre-built reports as well as create custom-built reports for sharing
- BambooHR HCM software vendors provide an app for Android and iOS devices
- Administrators can provide access to all employees or limit access to only those who need it
- Also enables you to export reports to Excel and PDF
To know more about BambooHR HCM Software features and product options, click here to continue.
10. Zoho People
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:
- Its self-service feature allows employees to access, update, and modify their records as per organizational compliance
- Allows organizations to customize leave types, and employees can apply for leave online
- Zoho People HCM software solutions enable users to create custom modules by adding forms and tabs based on needs
- Helps HR staff to store and share company-related documents
To know more about Zoho People HCM Software features and product options, click here to continue.
11. SAP SuccessFactors HCM
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:
- Automates and accelerates processing, reduces risk, and simplify payroll management
- Makes onboarding a strategic process that improves job satisfaction
- Also allows users to integrate with Kronos Workforce
- Provides an end-to-end recruiting solution that helps you to engage and select better candidates
- SAP SuccessFactors HCM systems streamline the performance appraisal process
To know more about SAP SuccesFactors HCM Software features and product options, click here to continue.
12. Uzio HCM
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:
- Provides hassle-free, efficient, and automated processing of the employee’s pay cycle
- UZIO HR software allows us to automate HR functions, collect, classify, process, store, and distribute required information
- Enables you to manage all your company’s benefit offerings in one place
- Automatically updates any changes made in the employee compensation and will reflect across the system
To know more about Uzio HCM Software features and product options, click here to continue.
13. UltiPro
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:
- Allows for tracking an employee life cycle like employment history, benefits administration details, and personal information
- UltiPro HCM system provides a mobile app for iOS and Android devices
- Empowers users to understand, predict, and customize HCM systems automatically
- Its time and attendance module help you to automate time tracking and scheduling
To know more about UltiPro HCM Software features and product options, click here to continue.
14. Epicor
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:
- You can use it on any browser, any device, anywhere in the world; no terminal service license is required
- Epicor HR platform helps employees to submit and view their time-off requests
- Automates self-service HR processes so staff can complete tasks quickly at a lower cost
- Allows HR to create and publish open positions on various job portals
To know more about Epicor HCM Software features and product options, click here to continue.
15. Gusto HCM
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:
- Users can generate and download various reports for payroll history, bank transactions, paid time off, etc
- Gusto HR software offers users a one-month free trial before fully implementing the system
- Offers pricing across four different plans: Contractor plan, Core HR Plan, Complete Plan, and Concierge Plan
- Provides access to both employees and employers to pay stubs and any tax document
To know more about Gusto HCM Software features and product options, click here to continue.
16. Saba Cloud HCM
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:
- Provides each learner with a personalized portal to view pending procedures, content history, scores, and rewards achieved
- Businesses can integrate their KPIs with learning performance and define employee promotion structure
- Saba HR software enables users to view and transact business with the same content in multiple languages and currencies
- With the personalized dashboard, teachers can track learners’ progress and evaluate test scores
To know more about Saba Cloud HCM Software features and product options, click here to continue.
17. Zenefits
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:
- Automatically processes a recurring pay run based on the information you enter
- Allows you to can connect directly with clients’ current payroll, health insurance, etc
- Provides a dedicated account team of advisors that clients/employees can call or email
- Supports Mac, iPad, and Android
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.
