16 Human Capital Management Software Tools for 2022

Human capital management (HCM) software is the ideal tool for workforce acquisition, optimization and management to help your business achieve its objectives. This solution includes a set of practices that improve employee recruitment and coordination.

 

Choosing an ideal HCM software can be challenging because there are scores of these solutions available in the market today, each with different features and capabilities. This guide can make choosing HCM simpler; it compiles the top 16 human capital management software tools of 2022. These tools have been selected by factoring in features that matter most to HR teams.

 

Looking for additional expense tracking software tools? Visit our full guide to see more vendors, including companies that offer paid software solutions.

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What is human capital management software?

Human capital management is a tool that helps human resources teams manage different employee needs. It mainly focuses on payroll, attendance, training and recruitment, onboarding and overall employee performance.

 

Human capital management is guided by a primary HR strategy that helps businesses maximize their value and manage employees more efficiently. It lets human resource teams function better within an integrated HCM platform.

 

The solution also offers analytics and actionable insights that aid in increasing efficiency and productivity in your business. Human capital is the most valuable asset of a business, thus the need to attract, recruit and retain the right talent. HCM software includes a set of tech-powered HR applications and tools that help a business manage and maintain employees via recruitment, attendance and time tracking, onboarding, training, performance management, leave management, payroll management and other core HCM functions.

 

What to look for when choosing human capital management software

Choosing the right HCM software for your business is pivotal to optimizing your HR department. Consider the following in your search for an effective solution:

 

Customization

Besides industry-specific requirements, each business has its unique needs. For example, you may need to accommodate the training needs of interns in your company. The HCM software should be highly customizable to address your specific needs.

 

Workforce planning

Human capital management software provides an excellent way of managing and planning your workforce to meet your business needs. For instance, the platform should allow executives to model workforce needs based on your ever-changing business strategy.

 

Training and support

Training and support from the HCM software vendor are crucial in enhancing the usability of the product. This is most critical when transitioning to a completely new system. The support team should be available 24/7, responsive and helpful.

 

Scalability

The HCM software you choose should stand the test of time. It should accommodate your business growth and development needs. Look for a scalable solution.

 

Reporting and analytics

The software should offer reports and analytics based on core business metrics that help in making data-driven decisions. It should allow users to generate customized reports at the touch of a button.

 

Mobility

HCM software should support access to HR information on the fly, especially issues such as employee time-off requests and benefits information. At the least, it should be accessible on both Android and iOS devices.

 

Security

The software should ensure your employees’ data is adequately protected. It should include role-based access controls and encrypted data since most HCM solutions are cloud-based.

 

Human capital management software

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ADP Workforce Now

Price: ADP Workforce Now’s pricing starts at $10 per user per month. The software comes with a free demo to help new users understand its core features and navigation. If you need further information about pricing, contact the vendor directly for a quote.

Key features:

  • Payroll management
  • HR management
  • Integration with other HR systems
  • Leave and attendance management
  • Recruitment/ATS

ADP Workforce Now offers tools that HR teams and employees need for their human resources functions, including a mobile app, W-2 forms, benefits management and recruitment management. The mobile app lets users access information from any location.

 

The software integrates seamlessly with commonly used business software, such as payroll systems, financial systems and other HR applications.

 

ADP Workforce Now is a completely integrated HR solution established on a single database. It helps automate and synchronize data and eliminates manual administrative tasks for HR teams.

 

The solution also includes robust reporting to allow executives to make data-driven decisions that help increase productivity and business growth. Users have access to the ADP Research Institute, ADP client community and ADP professional services, where they can get external viewpoints when making business decisions.

 

Ascentis

Price: Ascentis’s pricing structure isn’t available to the public. You can contact the service provider to get a custom quote that reflects your specific needs. The software comes with a free demo to illustrate its workings.

Key features:

  • Rules-based benefits administration
  • Email communications and tracking
  • HR management information system for reporting and email notifications
  • Performance records, including 360 assessments and performance tuning
  • Training/learning management

Ascentis HCM helps to simplify work for HR teams by automating key HR tasks. The solution is good for midsize to large organizations. It provides insight from different metrics, helping managers and HR staff understand their workforce better and discover changes they need to implement to spur business growth.

 

Its payroll functions are updated automatically, while time and attendance features are completely automated. The software supports tracking of vital employee details, including resource utilization, employee scheduling and labor costs.

 

The system allows applicant tracking to help HR managers arrange their recruitment processes better and ensure they hire the best talent. It gathers and organizes information about candidates in a single platform for faster decision-making.

 

BambooHR

Price: BambooHR pricing starts at $4.95 per employee per month. You can get further details on the best package for your business by contacting the service provider directly for a quote. The software also features a free trial to demonstrate its core features to prospective buyers. However, it lacks a free version.

Key features:

  • Customizable dashboards and reports
  • Benefits and payroll administration
  • Employee and manager self-service
  • Document storage and management
  • Automated time-off management

BambooHR is a SaaS company that offers online HR solutions for small to medium-sized businesses. This cloud-based system helps users track and manage employee information, giving HR teams more time to handle other critical tasks in their departments.

 

It allows executives to generate useful and accurate reports to support decision-making. Employees can access personal information and apply for time off via the mobile app, and the software is available for both Android and iOS devices.

 

Administrators can modify access rights for different employee groups. The platform supports the allocation of functions across the hierarchy of users in the organization.

 

Breeze 360

Price: Breeze 360’s pricing starts at $2.75 per user per month. The software includes a free trial that allows prospects to understand its core features. However, it lacks a free version. Contact the vendor directly for more pricing information.

Key features:

  • Leave management and self-service
  • Dedicated training manager
  • Attendance tracking (PTO)
  • Payroll integration
  • Mobile apps

Breeze 360 is a cloud-based HCM software that helps manage employee time, attendance and workflows in different types of companies. It automates key HR functions, and its core features include auto punching, vacation rules, punch-ins, geofencing, point tracking and timesheets.

 

The solution empowers managers to manage in-house and remote employees, support projects and use contactless time clocks. The software supports tracking of all types of employees, including salaried, hourly and contract employees.

 

Breeze 360 comes with configurable rules for leave management, attendance, payroll management, accruals and points. It also includes advanced management tools such as employee self-service, admin quick view dashboard, leave processing, export options for Office document formats and more than 50 different types of reports.

 

CentraHub

Price: CentraHub’s pricing starts at $25,000 for the one-time payment package and $75 per month per user for subscription models. You can contact the service provider with your actual needs for advice on the best package for your business.

Key features:

  • Marketing, sales and service automation
  • 360-degree customer view
  • Online appointment scheduling
  • Custom-made templates
  • Notifications and alerts

CentraHub CRM is HCM software that helps businesses streamline human resource processes. The solution can be deployed on-premise or in the cloud. It comes with custom reporting, live dashboards and automation tools. It empowers employees to act on business growth initiatives.

 

CentraHub tracks communications with prospects, leads and existing customers. This end-to-end HCM simplifies employee tracking from recruitment to retirement. You can use the platform to plan and manage different categories of employees in your organization and assign roles.

 

You can also design custom HR forms with fields and layouts that meet your business needs. The software automates payroll management and attendance timesheets. You can also track day and night shifts, including a comprehensive record of walk-in and walk-out timings.

 

Epicor HCM

Price: Epicor HCM’s pricing is subscription-based but unavailable to the public. Contact the vendor to get a custom quote. Support is available via email, phone and 24/7 via chatbot.

Key features:

  • Time and attendance management
  • Custom and standard HR reports
  • Time tracking and online submission
  • Job history and skills profiles
  • Third-party payroll integrations
  • Recruitment self-service

Epicor HCM is a solution that helps automate HR processes, allowing HR teams to track, manage and analyze vital employee information from recruitment to retirement. The software brings together absence tracking, recruitment management and benefits tracking tools to offer HR managers greater control over benefits administration, time off, paperless workflows and staffing to improve efficiency.

 

Epicor HCM offers tools that support HR functions in addition to modules for position control, performance management, employee and manager self-service, training and development, candidate self-service and timesheets. The solution is ideal for midsize to enterprise-level businesses across different industry segments. This HCM software integrates seamlessly with other Epicor solutions, including retail management and ERP software. It can be deployed in the cloud, SaaS and on-premise.

 

Gusto

Price: Gusto’s pricing structure includes four tiers:

  • Contractor: $6 per user per month
  • Core: $19 per month plus $6 per person
  • Complete: $39 per month plus $12 per person
  • Concierge: $149 per month plus $12 per person

Gusto also offers a free plan for businesses without W-2-hired employees. The pricing is month-to-month, so you can cancel anytime you want.

Key features:

  • Payroll management
  • Workers’ compensation compliance
  • Benefits administration plan
  • Salary revision and increment management
  • Flexible PTO policy

Gusto is known for its online payroll services, but it also includes HR features, making it ideal for startups and small businesses. It’s easy to use even for businesses without a dedicated HR department.

 

The tool automatically calculates and files federal, state and local taxes. Gusto integrates seamlessly with Xerox, Quickbooks, TSheets and Clover. It also allows managers and administrators to manage health insurance.

 

Other employee benefits that can be managed through this solution include 529 savings, 401(k) retirement, HSA, workers’ compensation, commuter benefits and life and disability. The tool also helps users manage compliance with COBA, HIPAA, IRS, ERISA, ACA and the Department of Labor.

 

Infor

Price: Infor’s pricing starts at $150 per user per month. It also comes with a 30-day free trial to help prospects decide if the software can meet their needs. Contact the vendor for additional pricing information.

Key features:

  • Time and attendance management
  • Applicant tracking
  • Compensation management
  • Payroll management
  • Self-service portal

Infor HCM was formerly referred to as Infor Cloudsuite HCM. It’s a cloud-based software that offers comprehensive HR solutions to midsize and large organizations. You can purchase add-ons for HCM analytics, payroll and workforce management to meet your increasing needs.

 

The solution comes with excellent reporting and information management capabilities. It helps simplify HR management processes by delivering different tools under one platform. This makes the management of workflows and complex HR processes easy.

 

Infor allows users to manage HR processes at any scale, from local to global, including budgeting and company structure, benefits, employee relations and time management. Its talent management feature helps users manage onboarding and recruitment and monitor appropriate performance, compensation and goals.

 

NetSuite SuitePeople

Price: NetSuite SuitePeople’s base license costs $999 per month and an additional $99 per user per month. The license is based on a subscription model and can be renewed annually or as agreed. The pricing is tailored to the specific needs of each customer. Contact the vendor to find the best package for your business.

Key features:

  • New hire requisition approvals, ATS connections and budgeting
  • Employee time-off accrual
  • Workflows and onboarding management
  • Health and safety tracking
  • Payroll features, such as benefits deductions and multi-jurisdiction taxes

NetSuite SuitePeople is a cloud-based HCM that simplifies onboarding and employee acquisition for small to large businesses. Its core features include workflow automation, payroll, feedback collection, time tracking, compensation management and peer-to-peer recognition.

 

Its time-off management module empowers HR managers to prepare leave plans with respect to company policies like entitlement and accrual frequency.

 

NetSuite SuitePeople’s directory function allows managers to search for employee information filtered by title, name and location. The system lets administrators separate data views based on employees’ eligibility and offer access to employees based on their roles.

 

Oracle HCM Cloud

Price: Oracle HCM Cloud pricing starts at $13 per user per month. The software comes with a free demo for hassle-free navigation by new users. The pricing is available in different modules, and users can upgrade at any time to meet their changing needs. Users also have access to 24/7 support.

Key features:

  • Health and safety incident management
  • Career development monitoring
  • Human resource management
  • Benefits and compensation management
  • Performance management

Oracle HCM Cloud is an HCM solution that improves and simplifies the management of employees from recruitment to retirement. The software is built on machine learning and intelligence. It’s an adaptable and easy-to-customize HR solution that supports the workforce life cycle in different types of industries. The software enables HR managers to manage their workforce and optimize operations, including HR help desk, workforce modeling and talent acquisition.

 

Oracle HCM Cloud integrates with any on-premise HCM and SaaS applications. It also supports integration options for different technology adapters, such as SOAP, FTP, file-based access, REST and LDAP. The software comprises multiple modules that you can use separately or combined, depending on your specific needs.

 

PeopleStrategy

Price: PeopleStrategy’s pricing starts at $18 per month per user. The software lacks a free version and a free trial. Share your specific needs with the vendor to get a custom quote.

Key features:

  • Payroll management
  • Human resource management
  • Leave and attendance management
  • Employee self-service
  • Integration with other HR systems

PeopleStrategy is a cloud-based HCM that enables HR teams to effectively manage payroll, talent acquisition, workforce management and employee benefits. The solution empowers businesses via mobile access and self-service, minimizing costs, improving job satisfaction and enhancing employee engagement.

 

PeopleStrategy is suitable for small to midsize businesses. It’s a single centralized database for employee benefits data, payroll and other vital information, which makes compliance and employee management easier.

 

It’s a comprehensive solution that allows HR managers to attract, hire, manage and retain the right talent. Its talent acquisition module offers users greater control over postings, applicant tracking, resume screening and prequalifying, job requisitions, interviewing and hiring.

PeopleStrategy’s workforce management module allows users to track time via online clock-in/out, time clocks and timesheets. It includes 24/7 access and lets users track employee certifications and licenses.

 

PlanSource

Price: PlanSource pricing is quote-based. Contact the service provider for advice on the best plan for your business needs and any other details regarding pricing. The software also comes with a free trial to show its workings.

Key features:

  • Open enrollment and life events
  • Benefits administration
  • ACA reporting and compliance
  • Human capital management
  • Employee communications

PlanSource is a cloud-based HCM software that helps employers, insurance carriers and consultants manage enrollment, compliance, billing and other HCM functions. The platform offers many features, including contribution management, plan recommendations, reconciliation and cost calculations, ACA measurement and reporting.

 

Its customizable dashboard enables HR teams to manage services, employees, payroll and communication. Its human capital management module lets users manage applicant tracking, onboarding and performance management. It also includes a portal that empowers users to automate resume uploads and job postings.

 

Users can also generate personalized content based on location, user type and demographics. It offers communication tools for employees that allow managers and administrators to send notifications, deduction information and confirm benefits statements.

 

Sage People

Price: Sage People’s pricing starts at $10 per month per user. The software doesn’t include a free version and also lacks a free trial. Contact the vendor and share your specific needs to get a custom quote.

Key features:

  • Time and attendance management
  • Compensation management
  • Performance management
  • Self-service portal
  • Time-off management

Sage People is known for its flexible reporting features, out-of-the-box automation and swift implementation. It’s suitable for midsize to enterprise companies, empowering them to manage their workforces.

 

The software is mainly recommended for businesses with 200-5,000 employees. It offers users control over how they attract, acquire, manage and develop talent from a local to an international scale. The solution is easy to use and customize.

 

Sage People automates administrative tasks and gives HR teams great visibility of their global workforce. The software offers a centralized database and reports with actionable insights. Users can visualize dynamic org charts, including objectives, goals and performance. Employees can view current and past salary records, benefits and bonuses.

 

SAP SuccessFactors

Price: SAP SuccessFactors’s pricing starts at $8 per month per user. The pricing structure is flexible, and you can easily scale up to meet the specific needs of your business. The software lacks a free version but comes with a free trial. You should contact the customer service team for more details about the best plan for your business.

Key features:

  • Payroll management
  • Leave and attendance management
  • Performance management
  • Employee self-service
  • Integration with other HR systems

SAP SuccessFactors is an HCM solution that simplifies HR management for different types of businesses. It helps HR teams to manage core human resource functions, including recruiting and onboarding, payroll data, time and attendance management and learning and development.

 

It includes capabilities for workforce planning, performance and compensation, and HR analytics. The software also comes with support and consulting services.

 

SuccessFactors is a comprehensive platform that handles most of your employee needs, including permit and visa requirements for your staff. It has metrics and analytics that offer business intelligence insights into your personnel.

 

UKG Ready

Price: UKG Ready’s pricing is quote-based. The software also comes with a free trial to demonstrate its workings. Support is available via phone and email.

Key features:

  • Self-service functionality for staff
  • Time and attendance management
  • Customization of HR processes
  • Recruitment management
  • Payroll management

UKG Ready was formerly referred to as Kronos Workforce Ready. This HCM software is designed to meet the HR needs of different types of businesses across all industries. It comes with a variety of features and integrations to help users accomplish various human resources tasks.

 

The solution supports the management of permanent and part-time staff, including salaried and hourly employees. You can start with either a complete module or a single module.

 

The software allows connected individuals to manage employees from a single platform. It’s designed for ease of use and flexibility. The solution combines talent, HR, time and payroll to offer a personalized experience that helps increase efficiency and maintain compliance.

 

UltiPro

Price: UltiPro’s pricing starts at $600 per year for five users. Contact the vendor for accurate information on the best package for your business. The software also includes a free trial to allow prospects to understand its main features.

Key features:

  • Payroll administration, compliance and tax management
  • Reporting, BI tools and workforce analytics
  • Benefits administration
  • Business/employee portal
  • Time, attendance and scheduling

UltiPro brings together core HR aspects, such as payroll and talent management, into one to create comprehensive HCM functionality. This cloud-based HCM solution simplifies HR management. It combines talent management, payroll and HR functions to gather insightful data, enhance productivity and track employee turnover.

 

Success management, file management and benefits administration are some of the main strengths of UltiPro. The software comes with AI technology to enhance and optimize workflows. Its sentiment analysis function helps measure employees’ opinions about the entire work process.

 

It also has a mobile app that enables users to access the system anywhere; they can input data and view project updates and recruiting data. The solution is ideal for small to enterprise organizations.

 

Human capital management software FAQs

 

What is the difference between HCM and HRMS?

HCM software mainly concentrates on employee management, including onboarding, performance, position control, absence management and analytics, while HRMS software is a comprehensive HR system that handles many core HR functions, such as compensation management, time and labor management, payroll processing and benefits administration.

 

What are the main benefits of HCM software?

HCM software comes with many automated features, such as recruiting, employee performance, payroll, benefits, training and managing administrative tasks. The software makes employee management easy and boosts employee engagement and experience. It helps organizations maximize human capital and achieve their objectives.

 

Will HCM help my business save money over time?

An HCM system ensures managers have real-time data on different aspects of employee administration, including payroll, time and attendance, benefits administration and onboarding. With this information, managers can make data-driven decisions regarding employee benefits and performance, thus saving money. Employees also report faster, eliminating the need for repayments and extensions.

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