Best 9 HCM Software of 2022

As a business owner, you know that your employees are one of your most important assets. You need to ensure that you have the right tools in place to manage your human capital effectively. That's where human capital management (HCM) software comes in.

Human Capital Management (HCM) is the process of managing an organization’s workforce. It encompasses everything from recruiting and hiring to training and development, compensation and benefits, and retirement planning.

In short, HCM is responsible for ensuring that an organization has the right people in the right jobs, with the appropriate skills and abilities to meet its strategic goals.

Human capital management (HCM) software has become an essential part of the corporate landscape as businesses strive to become more efficient and effective. In order to find the best HCM software for your company, it is important to understand what features are important to you and your employees. Take a look at our list of the best HCM software of 2022 and find the perfect solution for your business.

Bamboo HR

Bamboo HR is designed to help businesses of all sizes manage their employee data, tracking everything from onboarding and payroll to benefits and performance reviews.

The company has been recognized as one of the fastest-growing software companies in the world, and its products have received accolades from industry experts.

Bamboo HR is packed with features that make it easy to administer your workforce, and the user-friendly interface makes it easy to navigate. Plus, thanks to the cloud-based deployment, you can access your data from anywhere at any time.

In addition to its software products, Bamboo HR also offers a suite of services to support businesses in their HR initiatives. These services include recruiting, performance management, and compliance assistance.

Features:

Bamboo HR is a cloud-based human resources (HR) software system that helps small and medium businesses manage employee records, benefits, payroll, and more. It offers a variety of features that businesses may find helpful.

These are the list of features that BambooHR offers:

• Online employee self-service portal to view and update their personal information, such as contact details, address, and emergency contacts
• Employee management to track employee information such as contact details, job titles, pay rates, and emergency contacts
• Provides a variety of reports on topics such as HR activity, employee tenure, and benefits utilization. You can also export data into Excel or CSV files for further analysis
• Custom HR workflows and approval processes to save time and gather more other information quickly and also help you streamline decision-making for your business
• Applicant tracking system for recruiting processes and hiring the best, most talented, and most applicable people every time

Pricing:

Bamboo HR is one of the most popular HCM software on the market. You can contact Bamboo HR for a price quote. Nevertheless, you can try the software for free before making a purchase.

Essential – contact sales

• Track employee records and create HR data in a secure database
• Custom standard reporting plus workflows and approvals
• Access employee's information, location, and department easily in the org chart
• Access to customer success webinar library and receive support via email

Advantage – contact sales

• Access all features from the essential plan
• Applicant tracking system with onboarding and offboarding for employees
• Create an electronic signature and track employee's training
• Get advanced reporting with tailored workflows and approvals
• Custom access levels, email alerts, company branding, and tabs and fields

Try a 7-day free trial of Bamboo HR by clicking the link below —

Oracle HCM Cloud

Oracle HCM Cloud is one of the best HCM software in the market. It offers a comprehensive and customizable solution for managing human resources. It is designed to help organizations improve their HR processes and reduce costs and to be highly scalable to meet the needs of growing businesses.

Oracle HCM Cloud is suitable for companies of all sizes. The system includes a variety of features, such as employee self-service, time and attendance tracking, and performance management. In addition, the software includes modules for payroll, benefits, talent management, and workforce.

Features:

Oracle Human Capital Management (HCM) Cloud is a comprehensive system that enables you to manage your employee data and processes from a single, unified platform. The system offers a wide range of features and functionality that can help you improve your HR operations.

These are the list of features that Oracle HCM Cloud offers:

• Manage global workflow with data sources to make better decisions and give employees personalized experience
• Talen lifecycle management to attract the best candidates, improve decisions, and boost productivity
• Align workforce management with strategic planning, reducing compliance risk, and integrate solutions that link time and labor
• Manage payroll for the global workforce by supporting myriad requirements across workers, industries, and organization
• Helps in recruiting and learning processes and onboarding that create a seamless employee experience

Pricing:

Oracle HCM Cloud is a comprehensive human capital management solution that offers tremendous value for the price. The software is priced competitively, and it includes all of the features and functionality that businesses need to manage their employees effectively. Additionally, Oracle HCM Cloud is backed by a world-class support team, so businesses can rest assured that they will receive top-notch customer service should any issues arise. You can contact Oracle HCM Cloud for custom pricing.

Workday

Workday is a cloud-based software company that specializes in human capital management and financial management solutions.

The company's suite of products includes a wide range of applications for managing employee data, time tracking, payroll, benefits, and talent management. Workday also offers a comprehensive financial management solution that includes accounting, budgeting, and forecasting capabilities.

In addition to its robust core product offerings, Workday has also developed a number of industry-specific solutions for healthcare, government, education, and nonprofit organizations.

Features:

Workday provides an environment where employees can carry out their daily tasks in a secure and monitored way. It offers features such as payroll, talent management, time and attendance tracking, and HR analytics. It aims to help organizations manage their employee data more effectively and make better decisions about their workforce.

These are the list of features that Workday offers:

• Intelligent automation to eliminate manual tasks and empower your employees to be more productive in themselves
• Optimize workforce by payroll and workforce management to easily manage payroll, scheduling, time tracking, and more
• Plan your workforce by analytics reporting to get a complete view of your organization
• Talen strategy based on machine learning to help you understand your employee's skill
• Integration cloud to provide extensive tools and marketplace. You can bring your existing apps for a more flexible functioning

Pricing:

Workday does not provide a pricing plan on their website but you can contact them to get a price quote and discuss your options.

SAP Success Factors

SAP Success Factors is a cloud-based human capital management (HCM) software suite that offers a complete set of modules and services for managing the entire employee lifecycle.

The software is designed to help businesses attract, hire, develop, and retain top talent. SAP SuccessFactors also provides a comprehensive set of tools for managing employee performance and compensation. In addition, the software offers a variety of HR analytics and reporting capabilities.

Features:

SuccessFactors is one of the leading cloud-based HCM software providers in the world. It offers a comprehensive suite of solutions to help organizations manage their people processes, including recruiting, onboarding, performance management, compensation, and succession planning.

These are the list of features that SAP Success Factors offers:

• Workforce Planning helps businesses forecast future workforce needs and allocate resources accordingly
• Employee Central provides a single source of truth for employee data, including core HR, payroll, and time tracking data. It also enables managers to track employee performance and development goals
• Recruiting module helps organizations identify and assess candidates, as well as track the progress of hiring campaigns. It also includes tools for onboarding new employees
• The performance management module enables managers to set objectives and track progress against goals, as well as identify and address performance issues
• The learning management module provides tools for tracking employee training and development, including scheduling and managing courses, tracking compliance, and reporting on training outcomes
• The compensation management module helps organizations design and administer employee compensation plans, including base pay, bonuses, stock options, and other benefits

Pricing:

For more information about the pricing and offer features, check out the SAP Success Factors website to request a demo.

Rippling

Rippling is designed to help businesses track employee information, including contact details, employment history, and performance data. Rippling also offers a range of tools to help businesses manage their employees, including an onboarding process, time tracking, and payroll integrations. In addition, Rippling provides a mobile app that allows employees to access their data on the go.

Features:

Rippling offers a comprehensive suite of features including automatic onboarding and offboarding processes, a centralized payroll system, and robust benefit management tools. These features work together to create a powerful HCM solution that can streamline HR processes for businesses of all sizes.

These are the list of features that Rippling offers:

• Workforce analytics that unified the data from scattered employees data across HR, finance, IT, and third-party systems
• Automate workflow of the HR, IT, and finance process across multiple systems of the organization without using any code to save time and hassle-free
• Control access, data, and approvals in your system with the right people to work on the project
• Handling automatically compliance work and automatically calculating your tax filing for faster payroll processes
• Talent management for faster recruiting and hiring of top talented candidates that fit the offered job position

Pricing:

The pricing of Rippling starts at $8.00 per month per user with access to the workflow platform, HR, IT, and Finance Cloud. To learn more about the offers, check out their website and get a free custom quote.

Sage People

Sage People is a cloud-based human capital management software that provides powerful and efficient tools. It delivers a suite of people management solutions including payroll, recruiting, performance management, and employee engagement.

Sage People is designed to improve organizational performance by automating HR processes and giving insights into real-time data. The software offers a unified view of the workforce that helps businesses manage their talent more effectively. It also includes a social collaboration platform that allows employees to connect and collaborate.

Features:

Sage People is a comprehensive HR solution that offers a wide range of features and tools. It is scalable software that can be customized to meet the specific needs of an organization. It is also easy to use and has an intuitive interface.

These are the list of features that Sage People offers:

• Meet global payroll needs by connecting other payroll solutions and service providers
• Collaboration tools that help to engage and communicate with teams and also manage the workforce anytime and anywhere with global policies
• HR analytics to get actionable insights and recommendations to make informed decisions for your growing business
• Automate HR processes to help you find top talent candidates and to boost HR productivity and spend more time on other important things
• Performance management to measure your employee's skills, develop effective plans, and more

Pricing:

Sage People's pricing is based on the size of your company and the features you need. You can

visit the Sage People website and fill up the provided for requesting a demo and a price quote.

Epicor HCM

Epicor HCM is a cloud-based human capital management (HCM) solution that offers a suite of modules to help businesses manage their workforce. The solution includes modules for talent acquisition, performance management, learning and development, and benefits administration.

Epicor HCM also offers various tools for managing employee data, such as an employee self-service portal and an HR dashboard. The solution is designed to be easily configurable to meet the specific needs of each business, and it can be accessed from any device with an Internet connection.

Features:

Epicor HCM is a comprehensive solution that can help businesses streamline their HR processes and improve their organizational efficiency. It offers a variety of features that can help organizations manage human capital more effectively.

These are the list of features that Epicor HCM offers:

• Allows integration with payroll systems and benefit vendors that you want
• Automate recruiting process to avoid manual tasking and to improve hiring decisions
• Automate self-service HR processes to engage with people and reach more employees
• Empowering HR tools that increase ROI and visibility of the skills of your organization
• Compensation management to help budget, forecast, and track employee salaries

Pricing:

Epicor HCM offers pricing that is affordable and flexible. You can choose a pricing plan based on the features you need and the number of employees you have by contacting their sales expert.

ADP Workforce Now

ADP Workforce Now is a leading provider of enterprise workforce management solutions. They offer a comprehensive suite of tools and services that helps organizations manage their workforce more effectively and efficiently.

Their solutions are designed to help organizations automate and streamline their HR processes, improve communication and collaboration among employees, and better manage employee data. In addition, they also provide a wide range of reports and analytics that can help organizations understand and optimize their workforce.

With their innovative solutions, they are able to help organizations of all sizes manage their workforce more effectively and efficiently.

Features:

The ADP Workforce Now's mobile application is a go-to for companies that want to save time and money on human capital management. With its self-service features, this app makes it easy for managers and employees alike – without having an administrative assistant.

These are the list of features that ADP Workforce Now offers:

• HR Services and tools that help manage payrolls, benefits, and taxes
• Smart compliance features that help manage payroll systems and minimize risk
• Talent management system to help you identify, attract, and retain top talent
• Integrate with popular business software applications with leading payroll, HR, and financial systems
• Analytics and reporting capabilities to help measure HR effectiveness and make data-driven decisions

Pricing:

ADP Workforce now does not provide pricing plans on their website, however, you can contact their sales and request a demo to discuss your business needs.

GoCo HCM Software

GoCo HCM Software is designed to manage an employee’s complete lifecycle within an organization. The software provides a unified platform for managing payroll, benefits, HR, and compliance. GoCo HCM also offers a mobile app for employees to access their information on the go.

The software is user-friendly and it includes a variety of tutorials and online support resources. Additionally, the software is constantly updated with new features and security patches.

Features:

GoCo's HCM Software is a great way to keep track of your company’s HR needs. With this tool, you can easily manage payroll and benefits with ease while using it seamlessly integrated into other platforms.

These are the list of features that GoCo HCM Software offers:

• Integrates your favorite app and software solutions to improve the HR experience
• Self-service for employee feature to view and update their own information
• Payroll management to ensure your employees are paid on time
• HR compliance software solutions to easily collect data and documentation
• Automate onboarding and hiring processes to save time and give a great user experience to your employees

Pricing:

GoCo HCM software is a great option for businesses of all sizes. They offer flexible pricing which starts at $5.00 per employee per month with features that are necessary for your HR tasks and policies. Contact GoCo HCM Software to get a custom quote of their pricing.

Bottom-line

Choosing the right Human Capital Management Software can be a daunting task. With so many options on the market, it can be hard to know which one will best suit your needs. We’ve compiled a list of the seven best HCM software of 2022 to help make your decision easier. Each of these programs has been evaluated based on its features and price. Whether you are looking for a program that is affordable and easy to use or one that offers comprehensive HR tools, we have you covered.

Frequently Asked Questions (FAQs)

Question 1: What is HCM software? HCM software is a type of software that helps organizations manage their human resources. It can include features for tracking employee information, managing payroll, and performing other HR tasks.

Question 2: What are the benefits of using HCM software? There are many benefits to using HCM software, including improved efficiency and accuracy in HR tasks, better visibility into employee data, and increased compliance with HR regulations.

Question 3: How does HCM software work? HCM software works by automating many of the tasks that are traditionally done manually when it comes to HR management. This can include things like tracking employee information, processing payroll and managing benefits. By automating these processes, HCM software can help organizations save time and money.

Question 4: Who needs HCM software? Human Capital Management (HCM) software is a comprehensive system that helps businesses manage employee data, payroll, and benefits. It can be used by businesses of all sizes but is particularly useful for companies with a large or dispersed workforce.