Human capital management systems are largely similar at the macro level in many ways and can help businesses of all sizes to solve organizational issues.
Despite those general similarities, mid-sized businesses differ in many aspects when compared to small companies and large enterprises – differences in a range of areas such as pricing, setup, features, installations.
As such, mid-sized businesses need to seek out HCM platforms that are best suited to their particular needs. And we’re going to give you a bit of a look at the possibilities as we highlight 5 of the best HCM platforms on the market.
5 of the best HCM platforms
- Workforce Now
BambooHR is an American tech company that was founded back in 2008. It provides HR software and services including applicant tracking systems and employee benefits trackers.
For those companies that are outgrowing spreadsheets, BambooHR offers a cloud-based system that is both affordable and intuitive. Ultimately, it helps to track and manage employee information in a personalized approach. And with BambooHR’s mobile app, those in HR can have the convenience of getting on with more meaningful work.
BambooHR’s current list of clients includes Fitbit, Squarespace, and FreshBooks.
Paylocity is an all-in-one platform that helps organizations better manage a broad range of tasks such as payroll, benefits, employees, and workforce management.
The company was founded in 1997 and provides cloud-based human capital management software. Its suite of features helps professionals make better strategic decisions when it comes to topics such as benefits, payroll, workforce management, and core HR capabilities.
Paylocity is able to cultivate a modern workplace and boost employee engagement.
Paycom provides an intuitive, user-friendly platform that is employee-driven and aims to enhance the whole employee lifecycle, from hire to retire.
Its functionalities include a self-service app, through which workers are able to request time off, clock in and out, as well as other abilities to make them more accountable.
Paycom’s strengths lie in its management and tracking of employee compensation, benefits, time-off requests, and engagement.
Rippling eases the management of an organization’s payroll, benefits, and general HR tasks by uniting them in one platform.
In addition, Rippling helps to automate processes by bringing in different employee systems and data. Processes that once took hours to complete now take minutes, such as parts of the onboarding process, such as setting up a new employee’s payroll and health insurance.
And with a strong supply of third-party apps – which include Microsoft Office 365, Zoom, and Slack – it elevates the convenience of integrating with the broader digital workplace.
Workforce Now is another cloud-based human resource suite that is built on a single database and whose features include HR management, learning and analytics, and return to office capabilities.
The platform makes the management of people easier as it equips teams with the tools not only to track relevant HR information, but also to help manage the workforce and make better decisions that are driven by data.
And if you’re a company that’s growing, you are able to add more functionality when you need it.