This article will help you quickly compare and evaluate the best HCM Software within all HR Software.
You’ll learn how important HCM software is, especially so in employee management and how you can utilize this for your own benefit.
So, which HCM software are the best companies using to manage payroll, administer benefits, recruit top talent, and oversee performance?
Here’s a quick list of the top human capital management tools.
The Best HCM Software List
Here’s a short list of HCM platforms that made my top 10 list:
1. Infor – their CloudSuite HCM solution is an enterprise-grade HCM with features for HR service delivery, global HR, talent management, payroll, workforce management, and HCM analytics. 2. Oracle HCM Cloud – leading HCM technology designed for 1000+ employee enterprises, with suites for HR, talent management, and workforce management 3. Sage People – global cloud HCM and “people system” with features for HR analytics, talent acquisition, workforce experience management, payroll, performance management, and more. 4. SAP SuccessFactors – HCM SaaS newly re-named as an HXM (Human Experience Management) Suite alongside a whole stack of HCM cloud solutions 5. ADP WorkforceNow – specialized, robust human capital software for businesses with employees in Canada and the U.S. 6. Workday – enterprise grade human capital management system that unifies finance, HR, and planning. 7. Rippling – one of the only HCM platforms that offers a platform to manage IT, with provisioning, password, and device management alongside the HR suite. 8. Vibe HCM – HCM engagement platform with recruiting, onboarding, communication, payroll, analytics, employee recognition and performance management features. 9. Ascentis – an a-la-carte platform that lets you select the human capital management solutions that you need, as you need them. 10. Viventium – HCM software with applicant tracking, onboarding, HR, time and attendance management, payroll, and business intelligence features.
HCM Software FAQ
What is HCM?
Human Capital Management (HCM) is a set of standard practices that are implemented within the human resources of an organization. These practices include workforce acquisition, workforce management, and workforce optimization. These practices are invested in an organization to manage and maximize overall business value.
What is HCM software?
HCM software is human capital management software. HR department use HCM tools to assists in managing their employees and the people of their organization as a whole, providing features for managing performance, staffing, onboarding and training, and benefits administration.
What is the difference between HCM and HRMS?
The main difference between Human Capital Management (HCM) and Human Resource Management Systems (HRMS) is that HCM is more considerate to the management of employees. This includes performance, onboarding, analytics, position control along with other HR services. HRMS, on the other hand, is a more comprehensive HR system. This looks at all the core features in a broader range to include all HRIS software and HCM systems but focuses largely on payroll processing and time and labour management.
What are some HCM software benefits?
HCM software provides valuable resources for any organization. Any hcm platform has many beneficial automated features such as recruiting, managing administrative tasks such as payroll and benefit plans, overseeing employee performance and training. Human Capital Management Software is designed to manage and maintain a workforce with ease.
Here are a few other HCM software companies designing great HCM solutions. I haven’t had the chance to use or fully review these tools, but I’d love to know what you think about them if you’ve tried any of these HCM applications: