There’s a lot of confusion about which HR management technology is good enough to handle every aspect of an organization's human resource needs. Many people use Excel spreadsheets or even paper forms when they want to track information on employees. But this isn't the most efficient way to do things in today’s world.
A robust Human Resource Management (HRM) solution can help you manage all aspects of your workforce from recruitment and hiring to performance reviews and compensation plans. It also helps streamline processes like recruiting, onboarding, training, and more. You'll be able to save time and money while improving productivity and morale among your team members.
To get started, we have compiled a comprehensive list of some of the best HRIS available. This includes both cloud solutions as well as desktop apps that work just fine offline. Some of these applications were developed specifically for small businesses, such as BambooHR, while others are designed for mid-sized organizations, including ADP. And finally, other vendors offer enterprise-grade tools intended for large enterprises, including SAP SuccessFactors and PayCom. If you're still confused at what type of HRMS will fit your business model, read our guide to choosing the right one for your company.
Note that each vendor has its own set of features and capabilities. If your company doesn't fall into any category listed here, don't worry! Our experts recommend researching several options before settling on one specific product. In addition, remember that not all products are created equal -- so it might make sense to try out multiple solutions until you find the one that works best for your particular situation.
Here are six leading HR software providers that can help you run your entire operation smoothly.
1. BambooHR
With over 10 years of experience under their belt, BambooHR offers a wide range of integrated functions that span across nearly every department within your workplace. The app comes equipped with everything you need to manage payroll, benefits, job descriptions, performance evaluations, attendance records, and much more. It even supports remote workers who access the application via third party web browsers.
2. ADP
ADP, Inc. was founded in 1985 and since then has become a leader in providing cloud-based services to small and midsize businesses around the globe. Its flagship product is called Workforce Now and it provides powerful HR functionality through a simple interface. With this tool, you can easily manage all personnel matters, from scheduling shifts, tracking absences, assigning duties, and managing leave requests to generating reports and sending invoices. Plus, if you decide to move forward with implementing the app, ADP will provide support throughout the process.
3. Paycom
Paycom is another popular choice among businesses looking to hire new employees. Not only does it allow employers to create jobs effortlessly without needing extensive knowledge of technical skills, but it also allows them to review candidates' resumes online. Once hired, employees receive personalized guidance and advice on how to maximize their chances of success. For those seeking part-time positions, Paycom also gives users the ability to schedule interviews remotely. As far as pricing goes, Paycom charges $10 per user per month after a 30 day trial period. Users may cancel anytime during this initial stage of usage.
4. SAP Success Factors
SAP Success Factors is a subscription-based SaaS platform that specializes in helping small and medium sized businesses grow. The app takes care of numerous administrative tasks, including paychecks, leave management, and compliance. All users must sign up for a yearlong plan costing $50/month, though users can opt to purchase monthly subscriptions once this term expires. Note that the app is compatible with Windows and Mac operating systems and requires no installation.
5. NetSuite
NetSuite is a cloud-based suite of business applications that handles virtually anything related to running a successful company. From accounting to sales to customer service, the platform makes it easy to organize data and automate repetitive tasks. One of the biggest advantages of using NetSuite is that it integrates seamlessly with other third-party platforms, allowing customers to connect their financial accounts to the HR software.
6. PaySimple
PaySimple is a cloud-based payroll provider that lets employers calculate salaries and withhold taxes automatically. While the app costs $19.99 per month for unlimited users, it also offers a 14-day free trial period. Moreover, if you choose to subscribe, you can enjoy flexible payment terms ranging from 12 months to 24 months. On top of that, PaySimple also offers a variety of add-on packages for additional perks, depending on your budget.
7. Paycom
Paycom is another popular option for businesses looking to hire new staff. Though it’s less expensive than its competitors, it still offers excellent value for money. After signing up for a three-year contract, users can expect to spend approximately $20 per person per month. However, note that the price increases incrementally after this point, reaching a maximum of $40 per member per month for five users. Additionally, Paycom accepts credit cards, debit cards, PayPal payments, checks, direct deposit, and ACH transfers.
8. HCM Solutions
HCM Solutions is a cloud-based HR software that offers a number of features geared towards SMBs. These include automated document generation, secure file storage, and customized reporting templates. Another benefit is that the app allows managers to assign tasks directly from the dashboard, thus eliminating the need to communicate with individual employees. Lastly, HCM Solution offers integration with CRMs like SalesForce and Zendesk.
9. iManage
iManage is yet another affordable HR software package designed exclusively for smaller firms. Available in two tiers – Basic and Advanced, the app boasts impressive compatibility with Microsoft Office Suite files. Furthermore, thanks to its intuitive design, anyone could use it to perform basic tasks, such as creating schedules, updating contact info, reviewing employee documents, and performing tax calculations.
10. Paycom
Though not necessarily cheap, Paycom is another trustworthy HR software alternative. Offering a generous 60 days of complimentary trials, the app is ideal for small businesses who have limited budgets. Plus, it comes with a 90-day money back guarantee should you encounter issues down the road.
11. Paysimple
Paysimple is a cloud-based alternative to traditional payroll processing software. Through this feature, employers can generate automatic wage statements and tax withholding amounts, thereby reducing manual errors and paperwork. In addition, Paysimple eliminates tedious data entry requirements and allows users to submit payroll electronically, saving precious time.
As mentioned above, there's no single "best" HRIS available to everyone. Each one has certain strengths and weaknesses based on various factors, such as cost versus features, ease of implementation, security concerns, etc. To determine which HRIS fits your unique circumstances, check out our comparison chart below.
For example, if you're trying to implement a new HRIS system for the first time, consider going with a simpler solution that won't require too much customization. Alternatively, if you already have a legacy ERP system in place, it would be wise to integrate the newly acquired HRIS with existing data sources. Finally, if you're dealing with a huge volume of data, it'd be prudent to go with something scalable instead of investing heavily upfront.
In general, an effective HRIS will enable you to accomplish important tasks faster, boost employee satisfaction levels, increase productivity, and ultimately drive bottom line results. So take advantage of our article below if you're ready to upgrade your current HRIS and start making better decisions in the long-run.
A human resources management (HR) software helps employees work more efficiently, save time, and improve productivity in various ways. It is important that you choose an effective HR solution if you want to run your company smoothly without any issues or problems.
In this article, we will discuss what makes one HR solution better than another. We have also picked out some of the most popular HR solutions available on the market today. This information can help you make the right choice when it comes to choosing the best HR software for your business.
You can find many different types of HR solutions online. Some are very expensive while others are completely free. Most of them claim they offer everything from data storage to workforce optimization tools. But which ones actually deliver value to their users? Let’s take a look at each type of HR tool and see how well they perform.
If you ask people about the best HR software, chances are they would say “it depends.” There are so many options available – both paid and free – that there isn't really one single answer as to which HR tool works best for everyone. However, these three applications stand above all other competitors because of their unique features and ease of use. They're also among the few HR software programs that offer a free trial period.
ADP Inc., a leading provider of cloud HR technology and services, offers two main products: Workday and Payroll Pro, along with several niche products such as Human Capital Management, Talent Engagement Software, and Benefits Administration. These tools enable businesses to manage multiple departments, including finance, operations, marketing, sales, customer service, recruiting, training & development, and more. The company has over 1 million customers worldwide who rely on its applications every day.
Workday provides robust functionality through a simple interface that allows small businesses to handle complex processes quickly and easily. Its comprehensive range of modules includes HR, tax compliance, benefits administration, talent acquisition, recruitment, performance management, learning, compensation, analytics, reporting, and more. In addition, it supports integration with third-party apps like Salesforce, Zendesk, QuickBooks Online, Slack, Google Sheets, and Microsoft Dynamics 365.
Paychex, a leading provider of online payroll processing and payment services, focuses primarily on SMBs, midsized enterprises, and larger corporations. It boasts over 2.8 million clients across the US, Canada, Australia, Europe, Latin America, Asia Pacific, North Africa, Middle East, and India. If you have fewer than 100 employees, then you may be able to get away with using Quickbooks Self Employed. You can even integrate directly into Quickbooks Self Employed via Zapier.
But if your staff numbers between 100 and 999 employees, then you might consider switching to Paychex's Premier Plus package ($24 per month). With it, you can enjoy access to advanced features like integrated banking, eCommerce, payables, and receivables. And since it covers the entire payroll cycle, you don't have to worry about missed deadlines.
SAP SuccessFactors is an enterprise resource planning (ERP)-based application designed specifically for small and medium-sized organizations. As a result, it offers a variety of functionalities that include financial accounting, CRM, inventory control, manufacturing, production scheduling, procurement, project management, quality assurance, and more.
It integrates seamlessly with dozens of third-party platforms, allowing you to automate your workflow and streamline your business process. Moreover, it enables you to track progress and analyze results, enabling you to identify opportunities for improvement. The software also facilitates collaboration within your organization, allowing team members to share files and documents instantly.
There's no shortage of HR software packages available on the internet. So, which should you go with? Before making your final decision, let's examine the key differences between the three most popular HR solutions.
First off, you should note that not all HR software is created equal. For instance, Workday and Sage One do provide basic HR capabilities, but they lack certain features that make these offerings less suitable for smaller companies. On the other hand, ADP’s Workday ERP suite is designed for midmarket and large organizations. It offers powerful features that allow you to automate repetitive tasks, increase efficiency, and boost profitability.
Then there are the two major providers of cloud-hosted HR software: ADP and Paychex. Both of these firms specialize in providing affordable pricing plans for small businesses. However, whereas ADP is known for offering easy-to-use interfaces, Paychex tends to cater more towards larger organizations.
Finally, there's HR4Hire, which is owned by Xactly Corporation. Although it’s marketed primarily toward freelancers, it also caters to full-time workers. Like ADP, it offers a wide array of customizable features. However, unlike ADP, it doesn’t require you to purchase additional licenses for specific functions. Instead, you can simply download the app and start working immediately.
While smaller organizations tend to opt for HR software that's tailored to meet their needs, bigger companies usually prefer to buy HR software that meets industry standards. After all, if you want to compete successfully against rivals, you'll need to ensure that your business practices stay ahead of the curve.
For example, according to research conducted by Forbes, over half of Fortune 500 CEOs believe that it’s essential to implement new technologies in order to remain competitive. That being said, the same study found that only 37% of executives know exactly what those technologies entail. To avoid falling behind, it’s critical that you invest in modern HR software.
Additionally, you shouldn't overlook the importance of investing in HR software with mobile support. According to Global Market Insights, around 70 percent of respondents plan to upgrade their existing workplace automation solutions to incorporate mobility features in 2019. A growing number of employers are now prioritizing the ability to connect remotely with colleagues and report to managers whenever necessary.
And finally, you should check whether your chosen HR software vendor offers 24/7 support. Not only will this give you peace of mind during emergencies, but it could also prove vital if you ever encounter technical difficulties.
Ultimately, the best HR software won't necessarily benefit your business unless you decide to utilize it effectively. In fact, if you aren't careful, you could end up wasting money on unnecessary applications. Fortunately, here are four tips for ensuring that you select the correct HR software for your firm:
1. Do Your Research: When searching for the perfect HR software for your company, always conduct thorough due diligence before signing anything. Be sure to read reviews written by actual users of the product, plus talk to current and former employees about how much they enjoyed working with the platform.
2. Don't Overlook Price: While budgeting is obviously crucial, you mustn't forget that price isn't the only factor you should consider. Look carefully at the cost of the monthly subscription fees involved. Many vendors offer discounts for annual subscriptions. Also, bear in mind that you may occasionally receive special deals or promotions.
3. Consider Compatibility: Ensure that your chosen HR software can integrate with the rest of your IT infrastructure. If possible, try testing compatibility with third-party apps to eliminate potential headaches down the road.
4. Take Advantage Of Training Opportunities: Even though you've decided on the ideal HR software for your business, you still need to train employees on how to use it properly. Make sure that you provide adequate onboarding instructions and ongoing instruction sessions. Additionally, hold regular meetings where staff can voice concerns or questions.
As you can see, finding the right HR software requires patience and effort. Nevertheless, once you pick the perfect solution, you'll reap significant rewards. And remember, it's never too late to switch!
Looking for more advice on HR? Check out our guide on why hiring an HR expert matters for your business. Or discover the seven steps to building a strong culture.
One of the biggest challenges that every company faces today is keeping track of its workforce. The average number of employees has increased from 5 in 1900 all the way to 1 million people in 2020 alone. As such, it becomes increasingly difficult to manage their workflows efficiently.
This is where a good Human Resource Information System (HRIS) comes into play. It's an application which helps you automate various processes related to recruitment, hiring, training, performance management, compensation planning, benefits administration, etc., so as to make things more efficient for both employers and employees alike. But what exactly makes one HRIS better than another? Let’s take a look at some key features that will help you decide which HRMS you should opt for.
It's no secret that the success of any business depends on how well it manages its operations. One of the major functions of HRIT is managing day-to-day activities like recruiting new hires & onboarding them, evaluating performance, tracking time spent on different projects, analyzing productivity levels, making sure there aren't any gaps between goals set out by managers and actual progress made towards those targets.
An effective HRIS can also be leveraged to streamline other departments within the organization too. For example, if you're using an ERP system like Sage X3 or NetSuite then you could integrate this information with your CRM database to effectively manage customer relationships. This would allow you to provide personalized services to each of your customers based on the data collected about them.
There have been many studies done over the years to determine the effectiveness of certain HRIS tools. A study conducted by Workforce Management Journal found that a single HRIS can save businesses $500 per employee annually. In addition to that, organizations that implement an integrated HR solution see a significant increase in their ROI compared to those who don't. The same report shows that a typical HR department spends around 10 percent of its budget on IT infrastructure. If you combine these two factors, you'll realize just how much money can be saved through implementing an optimized HRMS.
Another recent study revealed that the average cost of replacing an entire HR team is around $1.5 million dollars. By comparison, an HRIS reduces this figure down to less than half - roughly $750k. Thus, when looking for a reliable HR platform, it pays off to invest in something that won't only give you peace of mind but will actually reduce costs in the long run.
Now we know why investing in a good HRIS is crucial to running a successful operation. However, before choosing a particular product, it's essential to understand the differences among the available options. There are several vendors offering different types of solutions in the market, ranging from cloud-based products to standalone ones. Some even offer hybrid solutions to cater to specific needs, while others focus exclusively on providing desktop apps that require users to install the software locally on their computers.
Here are three main categories of HR software providers.
Cloud-Based Solutions: These platforms store all relevant data online and present it to users via web browser or mobile app. They provide access to multiple users simultaneously without requiring installation on individual machines. You can easily move your existing data onto the cloud platform once you've decided on it.
On-Premise Software: On-premises solutions are installed directly on your computer network and are designed specifically for use by individuals working remotely. With this kind of setup, you'd still have access to your data files whenever needed, but they wouldn't be accessible by anyone else.
Hybrid Systems: Hybrid systems combine elements of both cloud and on-premise technology. While they may not be ideal for everyone, they often prove useful in cases where you want to utilize the advantages offered by both models.
In terms of pricing, it doesn't matter whether your HRIS is cloud-based or on-premise because you get similar functionality regardless of the model chosen. That said, cloud-based solutions tend to charge higher prices since they include additional expenses due to maintenance fees and licensing costs. Also, cloud-based HRIT usually requires constant internet connectivity to function properly, which isn't always possible.
As far as functionalities go, here are some common attributes shared across most enterprise-grade HRIS solutions:
Time management: It provides real-time visibility into project timelines, task assignments, and deadlines.
Performance measurement: Allocation of resources according to priorities, skillsets, job roles, experience level, etc.
Recruitment: Includes automated candidate screening and resume scanning capabilities.
Payroll processing: Calculates salaries and wages paid to staff members, including overtime pay and tax deductions.
Benefits: Offers tools to manage health coverage, retirement plans, life insurance policies, 401K plans, etc.
Compensation planning: Allows you to plan salary increases, bonuses, promotions, and other forms of incentives.
Training programs: Helps organize training schedules and assign tasks accordingly.
Let us now discuss the following HR software brands that are worth considering:
ADP LLC
If you're looking for a robust yet affordable option, ADP is probably the best choice. Its core offerings include everything required for an employer to handle employee records, payroll calculations, and benefit enrollment. Among the many features provided by ADP are the ability to import data from third parties like social media profiles, address books, email accounts, calendars, etc. It allows you to create custom reports and dashboards which can then be sent to clients for review purposes.
SAP SuccessFactors
SuccessFactors offers a comprehensive suite of HRMS tools that includes modules for talent acquisition, recruitment, assessment, training, compensation, performance management, and retention. Users can customize the interface depending on organizational requirements. It also supports integration with other applications like accounting, finance, manufacturing, supply chain, travel, etc.
Paycom
PayCom specializes in offering HRMS solutions that cover all aspects of employee lifecycle management. Their flagship product, Paycom Connect, enables remote workers to connect and communicate seamlessly with colleagues anywhere in the world. It also lets employees view their schedule, availability status, and attendance history anytime, anywhere.
LLC stands for Limited Liability Corporation. It operates under the premise that owners cannot lose control of their assets unless they explicitly agree to do so. LLCs are especially beneficial for small businesses that lack capital and financial backing. LLCs typically grant shareholders limited liability, meaning that they won't bear any responsibility for losses incurred during ownership transfers.
NetSuite Inc.
With more than 9,000 customers worldwide, NetSuite is arguably the largest provider of cloud-based HR software suites. Its suite of HRMS products includes Talent Acquisition Suite, Recruiting Suite, Timekeeping Suite, Compensation Suite, Benefits Administration Suite, Performance Management Suite, Employee Self-Service Portal, Expense Tracking, Financial Reporting, and Analytics.
Zoho HCM
Created by Zoho Corp, Zoho HCM is known for being easy to navigate, simple to use, and highly customizable. It boasts numerous features aimed at improving HR efficiency, including reporting and analytics, document storage, compliance management, expense management, and payroll processing.
Once you've narrowed down your choices, the next step involves deciding which vendor fits your unique needs the best. Factors to consider include ease of implementation, price, security measures, support, scalability, customization, integrations, and compatibility with other software. Most importantly though, ensure that the solution you select is capable of handling future growth. Lastly, you must assess user adoption rates and find out whether your company already uses similar HRIT tools. If so, it might be wise to stick with the tried and tested methodologies rather than taking chances with something unfamiliar.
Just follow our battle-tested guidelines and rake in the profits.