Human Capital Management (HCM) platforms help to cement high standards of practices in HR departments around the world.
Among these best practice functions include workforce planning, acquisition, management, and optimization.
Today we’re going to look at some of the best HCM platforms currently on the market.
The all-in-one human resources suite was built for local businesses that are searching for the capabilities to streamline monotonous HR processes to improve the employee experience.
Eddy was only founded in 2017, and interestingly was founded by former pro basketball player Travis Hansen. It offers a simple yet powerful product along with its nicely-rated customer service.
Through the platform, businesses are able to hire, onboard, manage, and pay employees with a user-friendly interface. Some of its core functionality include job posting management, an applicant tracking system, and tracking incoming candidates.
In addition, businesses can take advantage of its strong people management functions – for example, users of the platform can access company directories and store documents like notes on performance, training, and certifications.
2. Oracle HCM Cloud
Oracle’s answer to human capital management is Oracle HCM Cloud, which works to engage the workforce and optimize operations such as workforce modeling, talent acquisition, and provides an HR helpdesk.
The platform can integrate almost any Saas HCM app or on-premises app. Plus, Oracle offers any other integration options such as tech adapters for SOAP, LDAP, FTP, and REST.
3. Sage People
The broadly worded Sage Business Cloud People platform has flourished since it launched more than 10 years ago into a well-known solution for human resource management software.
The platform comes packed with analytical tools and is in fact the top-rated HR management system on the Salesforce platform.
One of its strengths lies in its ability for fast implementation, flexible reporting capabilities, and out-of-the-box automation.
One of the weaker elements of the HCM platform is its user experience design, with the navigation tools lacking a more modern, easier-to-use interface.
4. SAP SuccessFactors
One of the elderly companies on this list, founded back in 1972, SAP’s human resource management solution is SuccessFactors.
It has a broad range of tools that companies can scale depending on their needs – they can add or remove functions that allow flexibility in their pricing structure. Its basic plan costs around $10 per month and can be scaled upwards from there.
One particular weakness of SAP SuccessFactors is that the training of the platf
orm can require a lot of work, implying a steeper learning curve compared to other HCM platforms.
5. ADP WorkforceNow
Another elder to make the list is ADP, which has also been around for around 70 years. That’s a long time developing business solutions, including human capital management tools.
WorkforceNow has been building HCM solutions that include leading payroll capabilities, performance management, talent acquisition, benefits management, and analytics. And the platform can be easily integrated with other platforms.
One critique of ADP WorkforceNow is that its reporting capabilities can be glitchy.