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Vista
Vista
Vista is an integrated human resource, benefits, payroll, recruiting and self-service application that offers tools for administrative HCM and payroll processes. Functional elements include workflow, tax management, recruit...Read more about Vista
Infor CloudSuite HCM
Infor CloudSuite HCM
Infor CloudSuite HCM is a suite of human resources applications with several deployment options. Applications in the core suite include benefits management, absence and time entry, budgeting, employee safety, talent acquisition, o...Read more about Infor CloudSuite HCM
Ascentis
Ascentis
Ascentis offers a cloud-based human capital management (HCM) suite designed for midsize companies of all industries. It includes HR and benefits, recruiting and onboarding, talent management, time and attendance and payroll. ...Read more about Ascentis
iCIMS Talent Cloud
iCIMS Talent Cloud
Support the entire candidate experience from start to finish with a unified recruitment platform. iCIMS offers best-in-class recruiting products for your hiring life cycle, available as part of one unified talent cloud platform, o...Read more about iCIMS Talent Cloud
Omniprise
Omniprise
Omniprise is an on-premise as well as cloud-based customer relationship management solution designed to provide companies a view of all customer interactions on a real-time basis. The solution is suitable for businesses of all siz...Read more about Omniprise
RUN Powered by ADP
RUN Powered by ADP
The RUN Powered by ADP® (RUN) solution is designed to make your small business payroll quick and easy. With a streamlined process and powerful technology, you'll complete payroll in no time. Choose from basic payroll to a full sui...Read more about RUN Powered by ADP
ADP Workforce Now
ADP Workforce Now
ADP Workforce Solution is suited for businesses with more than 50 employees looking to streamline HR processes. ADP Workforce Now includes capabilities such as payroll processing and tax filing, performance management, compensatio...Read more about ADP Workforce Now
ADP Vantage HCM
ADP Vantage HCM
ADP Vantage HCM is an on-premises human capital management (HCM) solution suitable for large organizations with more than one thousand employees. ADP Vantage offers integrated tools to manage recruiting, talent management, time ma...Read more about ADP Vantage HCM
ApplicantStack
ApplicantStack
An applicant tracking system is the foundation of strategic talent management. ApplicantStack capably empowers all stakeholders: internal recruiters, hiring managers, administrators and—most importantly—applicants. ApplicantStack ...Read more about ApplicantStack
BambooHR
BambooHR
BambooHR offers small and growing companies a human resource information system (HRIS) that includes an applicant tracking system (ATS), time tracking, payroll processing, employee engagement and employee satisfaction tools, autom...Read more about BambooHR
ApplicantPRO
ApplicantPRO
ApplicantPRO by JobMatch is a cloud-based applicant tracking (ATS) system designed for small to midsized companies that are working to stay in compliance with EEO/AA and OFCCP guidelines.. Its interface can be utilized by organiza...Read more about ApplicantPRO
Oracle Taleo Cloud
Oracle Taleo Cloud
Oracle Taleo Cloud is a cloud-based human resource (HR) management suite suitable for large and midsize businesses in all industries. Key features include candidate management and employee onboarding, especially for high volumes o...Read more about Oracle Taleo Cloud
HRweb
HRweb
hrweb.com, the maker of HRweb, offers employee information tracking, attendance, performance reviews or employee appraisals, self or 360 reviews, recruiting with applicant interface, training and more. HRweb helps organizations ef...Read more about HRweb
BrightMove
BrightMove
BrightMove provides on-demand recruiting software for staffing firms, recruitment process outsourcing providers and corporate HR departments. With access to over 1,000 resume databases, BrightMove’s sourcing tools assist rec...Read more about BrightMove
emPerform
emPerform
emPerform is a hybrid employee performance management solution that helps organizations to automate performance reviews and align, develop and retain talent. It can be deployed either on-premise or in the cloud. emPerform helps ...Read more about emPerform
UKG Ready
UKG Ready
UKG Ready is a flexible and seamless HR solution that provides a connected people experience to easily manage the entire employee journey, from a single solution. Designed for flexibility and ease of use, UKG Ready combines the po...Read more about UKG Ready
SAP SuccessFactors HXM Suite
SAP SuccessFactors HXM Suite
SAP human capital management (HCM) solutions enable a more flexible, engaged, and resilient business by strengthening the employee experience with cloud HR solutions across core HR and payroll, time and attendance, talent manageme...Read more about SAP SuccessFactors HXM Suite
ClearCompany
ClearCompany
Since 2004, ClearCompany has empowered thousands of companies to attract, screen, and hire better talent, engage their team, and use strategic insights to keep their recruiting competitive.The ClearCompany Talent Management Platfo...Read more about ClearCompany
PeopleStrategy
PeopleStrategy
A full-service broker, PeopleStrategy offers expert benefits consulting, intuitive HR software and comprehensive administrative services to provide employers with a single source for the tools and resources to attract, manage and ...Read more about PeopleStrategy
COMPview
COMPview
HRsoft is a cloud-based talent management solution that helps businesses across various industry verticals to manage their applicant tracking and acquisition routines. Key features include modular performance management, compensat...Read more about COMPview
Popular Human Capital Management Software Comparisons
Buyers Guide
Last Updated: November 22, 2022What Is Human Capital Management Software?
Human capital management software is a type of software that provides features for strategic planning of available workforce. The software fits into the broader category of general HR software and offers overlapping features such as personnel and time and attendance tracking. The informal distinction is that human capital management software includes data visualization and analytics capabilities to predict requirements and optimize workforce.
Technically, HCM software fits into the broader category of general HR software and as such, it can include some or all of the following core HR functionalities:
- Recruiting
- Onboarding
- Personnel tracking
- Time and attendance
- Payroll
The informal distinction between HCM and general HR software is that HCM includes tools useful for more strategic workforce planning and analysis, while core HR software is typically more focused on the nuts and bolts of employee management. This is discussed in more detail in the final section below.
Of course, this standard warning applies: Vendors market their software differently and have a tendency to blur distinctions and descriptions. While the distinction above may not hold in all cases, it’s still useful to keep in mind as you read reviews and move closer to a purchase decision.
In this HCM software Buyers Guide we look at:
- Common Functions of Human Capital Management Software
- What Type of Buyer Are You?
- Related HR and HCM Software Categories
Common Functions of Human Capital Management Software
The following are generalized descriptions of the functionalities commonly included in HCM software. While they may be described differently by different vendors, the essential functionality will be similar across the board.
| Core HR administration | These are the functionalities associated with traditional HR software, such as: benefits and payroll administration, employee life cycle process management and organization of employee data. |
| Talent management | These applications help manage recruiting and onboarding processes, compensation, management of employee performance and training and education programs. |
| Workforce management | These tools help manage day-to-day workforce activities by tracking time and attendance, activity and task tracking, scheduling and absence management. |
| HR service delivery | These tools are provided largely for the benefit of employees, offering direct (online) access to important records and information regarding their employment. |
| Workforce analytics | These functions include reporting and data visualization features as well as predictive HR analytics models to help the predict and plan for likely future scenarios and challenges. |
What Type of Buyer Are You?
Core HR buyer. Your company has grown and it’s time to graduate from your spreadsheet-and-email methods of managing employees. Core HR platforms provide the essential, must-have HR functions such as personnel tracking, absence management, payroll, benefits administration and recruiting. Core HR platforms can be purchased for on-premise installation or as online software.
Best-of-breed core HR buyer. You already have a system for managing human resources. It’s an older system and doesn’t have much fancy functionality, but it’s integral to your operations and would be costly to replace. But, you’ve found you need some additional functionality, maybe something to help you better track applicants or update your appraisal and review processes. Often, HCM applications can be purchased as best-of-breed solutions, letting you add new HR functionality without much capex or system downtime.
Strategic HR buyers. If you’re in this group, then you probably have loftier HR goals, like workforce optimization and strategic workforce planning. These goals require better analytical tools that can help with forward-looking projections and planning. To the average (core) HR buyer, some of these tools would be considered “nice to have.” But for companies that want to amp up their HR strategy and are looking for tools to help with, for example, performance management, succession planning or compensation management, then HCM software is usually the best choice.
Related HR and HCM Software Categories
There’s a variety of stand-alone HR applications and full HR and HCM platforms on the market, and buyers are encouraged to examine all of their options before making a purchase decision. Depending on if you’re a core HR buyer, a best-of-breed core HR buyer or a strategic HR buyer (see explanations above) you might find the perfect HR tool on one of the related pages below: