16 Best HCM (Human Capital Management) Software In 2024

This tutorial explains what is Human Capital Management and lists the best HCM software in the industry, their features, comparison, etc.:

Human Capital Management refers to managing the capital which you have in the form of a workforce. Managing your workforce, or your employees is a pivotal task, which includes attracting and hiring the best available talent, up-gradation of their skills through time to time training, health management, employees’ benefits management, payroll processing, and the things alike.

Human Capital Management Software

Human Capital Management is necessary for the consistent growth of your company. A good workforce means good productivity, qualitatively as well as quantitatively.

To address the need of keeping the management of human capital up to the mark, some companies provide HCM Software, to deliver features for the following basic requirements of a company:

• Hiring
• Onboarding
• Payroll
• Employees’ benefits management
• Learning through time to time training
• Maintaining performance
• Other features, designed to make the complex processes easy, through technical assistance.

In this article, we will study the top best HCM Software, compare them and give our verdicts about each one of them, so that you can pick the most suitable one.

Our TOP Recommendations:

Papaya Global	Bambee	Deel	OysterHR
• GDPR Compliance • Payroll Processing • Report Generation	• Payroll Processing • Employee Training • HR Audit	• HR Workflow Automation • Payroll Consolidation • EOR Hiring	• Payroll Management • Compliance Assurance • Contractor Hiring
Price: $20 Monthly Trial version: Available	Price: $99 Monthly Free Trial: No	Price: Starts at $49 Trial version: Free Demo Available	Price: $25 Monthly Free Trial: Demo available
Visit Site >>	Visit Site >>	Visit Site >>	Visit Site >>

List of the Best HCM Software

Here is the list of popular human capital management software vendors below:

1. Paychex
2. Papaya Global
3. Bambee
4. Gusto
5. Lano
6. Deel
7. OysterHR
8. Rippling
9. Freshteam
10. GoCo HCM Software
11. SAP Success Factors
12. BizMerlinHR
13. Workday
14. Oracle HCM Cloud
15. BambooHR
16. Infor
17. Kronos Workforce Ready
18. UltiPro
19. Ascentis
20. Ceridian Dayforce
21. Saba Cloud
22. iSolved
23. ADP Workforce Now
24. Viventium HCM Software
25. Sage People

Comparing Top HCM Software Companies

Tool Name	Best for	Price	Founded in	Our Rating
Paychex	Comprehensive reporting and analytics	Get a custom quote	1971
Papaya Global	Hire Globally While Staying Compliant without legal entity.	Payroll Plan: $20 per employee per month, Employer of Record Plan: $650 per employee per month.	2016
Bambee	Guided Payroll Management and HR Assistance	Starts at $99/month	2016
Gusto	Complete Hiring and Onboarding Assistance	Starts at $6/month/person	2011
Lano	Maintaining Global Compliance	From €15 per month for hiring contractors, €550 per month for hiring employees.	2018
Deel	Large enterprises with a global workforce	Starts at $49, Free for companies with less than 200 employees.	2018
OysterHR	Hire and pay employees globally	Starts at $29/contractor per month and $500 / employee per month.	2020
Rippling	Complete HR management	Starts at $8 per month, contact for custom quote.	2012
Freshteam	HR software for small to mid-sized enterprises.	Growth plan starts at $1.20 per employee per month.	2011
GoCo HCM Software	Self service feature	Starts at $5 per employee per month.	2015
SAP SuccessFactors	Business intelligence tools	Starts at $6.30 per user per month.	2001
BizMerlinHR	Being an all-in-one solution at affordable prices	Contact directly for a price quote.	2013
Workday	Planning and reporting features	Contact directly for a price quote.	2005
Oracle HCM Cloud	Cloud based solutions for the purpose of hiring to retiring	Contact directly for a price quote.	2011

HCM Software Reviews:

#1) Paychex

Best for Comprehensive reporting and analytics.

Paychex offers you a powerful all-in-one solution that does a lot more than streamline human capital management. This is a full-service HR solution that you can rely on to streamline payroll processing, talent management, and onboarding tasks. Paychex Flex will help you track, source, and recruit new talent in no time. 

It can also help manage various critical aspects associated with employee onboarding. Where Paychex truly shines in our opinion is in the analytical department. The software presents you with comprehensive data-driven insights, which can be used by HR professionals to make informed decisions. 

Features:

• Time and Attendance Management
• Payroll Processing
• Applicant Tracking
• Benefits Administration
• Simplified Onboarding

Verdict: With Paychex, your organization gets the support of a comprehensive HCM system that simplifies everything from benefits administration to payroll. Plus, you also get real-time guidance from a dedicated HR expert. 

Price: Call, let your requirements be known, and get a custom quote.

#2) Papaya Global

Best for Hire Globally While Staying Compliant without legal entity.

Papaya Global arms its users with everything that one can expect from a feature-rich human capital management software. It facilitates automated HR onboarding, payroll management, and employee progress tracking from a single, centralized platform. The software truly excels at digitizing several crucial aspects of HR, especially onboarding.

With Papaya Global by your side, you can expect to execute the onboarding process within days rather than months. The tool also takes care of all documentation, standardizing them on your behalf. The stuff that really makes Papaya Global standout, however, is the privilege it grants you to onboard a recruit in any country with full legal compliance.

Features:

• GDPR Compliant Platform
• Full-Scale Payroll Processing and Management.
• Manage the entire workforce from a single login.
• Seamlessly manage employee attendance and time.
• Custom report generation

Verdict: Papaya Global is one of those rare HCM compliant tools that offers a GDPR platform that can be used all around the world for compliant onboarding. Apart from this, the software also automate and simplifies other crucial HR elements like employee time tracking, payroll processing, custom report generation, etc.

Price: Payroll Plan: $20 per employee per month, Employer of Record Plan: $650 per employee per month.

#3) Bambee

Best for Guided Payroll Management and HR Assistance.

Bambee makes it to our list for its ability to serve small businesses in all crucial areas of their HR department. Bambee assigns a dedicated HR professional to companies, who are then in-charge of performing HR audits, creating custom policies, implementing coaching/training programs, as well as making sure that mandatory labor laws are being complied with.

Bambee truly excels with regard to its ability to manage payrolls on behalf of its clients. They can help companies pay their employees on time via direct deposit. They also help companies ensure that the payments made are in accordance with dictated wage and hour regulations. You can also count on Bambee to automatically file federal, local, and state taxes.

Features:

• Custom HR Policy Set Up
• Employee Relationship Management
• Ensuring Compliance with Labor laws
• Automatic Tax filing
• Establishing 2-way feedback system

Verdict: Bambee allows your business to stay HR compliant all year round by assigning a dedicated HR professional to handle all crucial aspects pertaining to the smooth functioning of your HR department. From staying compliant with HR policies to helping companies with taxes, Bambee offers a complete HCM package to small businesses.

Price: Starts at $99/month

#4) Gusto

Best for Complete Hiring and Onboarding Assistance.

Gusto is a fantastic tool made keeping the needs and requirements of HR professionals in mind. It is great at managing the entire recruitment process, automating payroll management, and helping company’s settle on the benefits to offer their workforce. The platform allows you to publicly post a job ad and track all applicants.

Gusto simplifies the onboarding process by providing you with a customizable onboarding checklist. You can use this checklist to get forms signed, assign benefits, delegate tasks, and much more. You are also provided with a dedicated HR expert who can be accessed anytime to have your queries addressed.

Features:

• Personalized Offer Letter
• Time-tracking
• Custom onboarding checklist
• Support integrations with several application tracking systems.

Verdict: Gusto offers a comprehensive set of tools that all work together to provide HR professionals with a seamless human capital management experience. Everything from hiring and onboarding to tracking performance and managing salaries, Gusto can do it all with impeccable panache.

Price: Simple Plan: $6/month per person, Plus Plan: $12/month per person, Custom premium plan also available. Contractor Only plan: $6/month per person

#5) Lano

Best for Ensuring the highest compliance standards.

Lano is an HCM software that makes it to our list because of the robust assistance it grants to international organizations and MNCs. This software can make the job of hiring employees around the world incredibly simple. Not only that, it also automates the global payment process for all types of employees.

The software can help hire full-time employees from around 150 different countries while remaining compliant with their particular local laws.

It also grants easy access to several local payroll partners from around the world, thus simplifying the payment process considerably. This can be used to both streamline invoice approvals and automate payments.

Features:

• Payroll consolidation within one platform
• Global coverage
• Payment Automation
• 50+ currencies
• Free local payments
• 3% saving on FX fees

Verdict: Lano is a platform that most large-scale enterprises would adore, especially if they aim for geographical expansion of their operations. The platform can simplify both the hiring as well as the payment process globally.

Price:

• From € 15 per month for hiring contractors
• €550 per month for hiring employees
• Flexible billing plans (monthly/annual)

#6) Deel

Best for Large enterprises with a global workforce.

Deel is a comprehensive HR platform. It allows business teams to streamline global hiring, payroll, and HR-related processes from a single platform. The software’s especially ideal for companies who wish to expand their presence globally. As such, Deel allows you to hire contractors and employees worldwide without having to open legal entities.

The software further streamlines the process with built-in compliance and invoice-automating features. The solutions also enable organizations to run payroll in over 90 countries, thus facilitating effortless global payments.

Features:

• Hire contractors and employees globally
• Run background checks for compliance
• Run payroll in 90+ countries
• Automate HR Workflows
• Get visa support globally

Verdict: Deel is a solution that companies with a global presence will find particularly enticing. It simplifies each and every aspect of managing a team worldwide. The best aspect of this tool is the accounting, legal, and tax counseling you’ll get from experts in the field, thus making the job of your HR teams considerably easier.

Price:

• Deel For contractors starts at $49
• Deel for EOR Employees Starts at $599
• Free for companies with less than 200 employees.

#7) OysterHR

Best for Hire and pay employees globally.

Oyster HR is an end-to-end global employee management solution with a lot of features to boast. It can be used to quickly hire employees in a compliant manner in more than 180 countries. The software also lets you run payrolls in more than 120 different currencies. The software automates payments based on a specific country’s currency.

The software can also be used to manage your global workforce’s benefits like insurance, equity, time off, etc. Oyster HR effectively streamlines your entire onboarding process. You also get access to Oyster’s legal team that ensures your hiring and paying of your employees while complying with country-specific laws.

Features:

• Hire employees globally
• Run payroll automatically in 120+ currencies
• Manage employee benefits
• Assure compliance with legal support

Verdict: Oyster HR is for companies that wish to scale their business globally. It provides you with a feature-rich employment management platform that’ll allow you to hire, pay, and stay compliant in more than 180 countries.

Pricing: Contractor starts at $29 per contractor per month, Employee starts at $599 per employee/month. A custom plan is also available.

#8) Rippling

Best for Complete HR management.

With Rippling, you get a single platform that is capable of managing all your HR-related tasks in a hassle-free manner. This platform is capable of running payrolls globally in a matter of minutes. It also excels when it comes to tracking employee attendance and the total time they put in.

Rippling also succeeds with regards to training automation and handling the entire recruitment process, right from sourcing to eventual onboarding.

Features:

• Workflow Automation
• Payroll Management
• Recruiting and Training employees
• Analyze workforce data
• Manage insurance to 401K

Verdict: Rippling is the HCM platform your HR needs to automate and streamline several key HR-related tasks of your organization. Rippling simplifies the duties of your HR team considerably, from tracking the recruitment of talent to approving employee work time.

Price: Starts at $8 per month. Contact for a custom quote.

#9) Freshteam

Best for HR software for small to mid-sized enterprises.

Freshteam was designed to cater to the HR requirements of businesses still in their growing stage.

It arms your HR team with tools that help them manage the hiring process, onboard new hires, track attendance, and automate HR workflows. Freshteam truly excels in our book because of the robust database it offers to securely store all employee data.

Features:

• Virtual Onboarding
• Applicant Tracking System
• Employee Database
• Time Off Management
• Mobile App

Verdict: Freshteam exists to serve one purpose, to simplify otherwise overwhelming HR-related processes. This we believe it accomplishes with tons of intelligent features, including recruitment tracking and employee information management. If quick and cost-effective HR management is what you seek, then Freshteam will be to your liking.

Price: Free for up to 50 employees. The growth plan starts at $1.20 per employee per month, the Pro plan starts at $2.40 per employee per month, and the Enterprise plan starts at $4.80 per employee per month.

#10) GoCo HCM Software

Best for self-service features.

GoCo HCM Software is a greatly beneficial HCM solution for small businesses. This tool is flexible and can help you in managing HR, payroll, and benefits and integrates smoothly with other platforms.

Features:

• Employees work hours tracking
• Payroll processing
• Hiring and automated onboarding process
• Employee self-service feature, which saves the time and costs of administration
• Lets you create electronic documents, do e-signatures, and more.

Verdict: GoCo is a highly recommended HCM Software, because of the ease of use that it offers and the availability of a wide variety of features.

Price: Starts at $5 per employee per month.

#11) SAP SuccessFactors

Best for business intelligence tools.

SAP SuccessFactors is a cloud-based solution for your Human Capital Management requirements including payroll, employees’ benefits management, HR analytics, and reporting, talent management, and much more.

Features:

• Takes control of the payroll process, manages employees’ benefits.
• Talent management features, including learning, recruiting, etc.
• SAP Digital Boardroom feature provides you with insights into your performance based on data analysis.
• It offers an application, which can be used by your employees, which lets them easily accept offered shifts and thus avoid labor issues.

Verdict: The users of SAP SuccessFactors are of the view that the HCM software is an all-in-one solution for your HCM needs. But gets a bit complex at times and requires technical support.

Price: Starts at $6.30 per user per month.

#12) BizMerlinHR

Best for being an all-in-one solution at affordable prices.

BizMerlinHR is a human capital management software, made for mid to large-sized business enterprises. The software supports 15+ languages and has clients in over 160 countries. This open API platform supports you in the hiring process, keeps employee records, and has much more to offer.

Features:

• Maintains employees’ records.
• Calculates accurate work hours and keeps a record of employees’ attendance.
• Talent management features, including recruitment and onboarding.
• Lets you create company goals and give notifications and reports on the achievement of goals.

Verdict: The users of BizMerlinHR state that the software is one of the most affordable ones with this range of features. Other human capital management software that offer such a variety of features are much costlier than BizMerlinHR.

Price: Contact directly for a price quote.

#13) Workday

Best for its reporting and planning features.

Workday is one of the best-known HCM Software out there. It can assist you from HR and financial management to financial reporting and planning.

Features:

• Growth promoting features, such as business insights, financial reporting, and planning.
• Automation features for payroll processing, reporting, closing, and consolidation.
• Planning features, like in the situation of Covid-19, provide ways on how to plan to reopen offices, how to get vaccinated, etc.
• Provides resources for IT leaders, such as an eBook named ‘Workday Tech Strategy’.

Verdict: Workday provides modern solutions to your problems. But as reported by its users, the software is costly and can be afforded by large enterprises only. If you can afford Workday, it can be quite helpful.

Price: Contact directly for a price quote.

#14) Oracle HCM Cloud

Best for cloud-based solutions ranging from hiring to retiring.

Oracle HCM is a complete HR solution that facilitates the process of HR management from hiring to retiring. They offer features for recruiting, onboarding, planning, payroll processing, talent management, and much more.

Features:

• Features that help in the recruiting, onboarding, and learning processes.
• Payroll processing across the globe.
• Provides insights based on data analytics, which help you take actions quickly and on time.
• Lets you manage your global employees from one system.

Verdict: Oracle HCM Cloud is an all-in-one cloud-based solution for your HCM requirements. This software is expensive and gets complicated at times. But the services that it renders are of eminent advantage.

Price: Contact directly for a price quote.

#15) BambooHR

Best for easy-to-use HR solutions.

BambooHR is one of the best HCM software companies, which was found in 2008. This HCM software manages the tasks of collecting, storing, and analyzing employees’ information data, thus saving much of your important time.

Features:

• Lets you hire the best available talent.
• Collects and manages the data of your employees for payroll.
• Performance management features that create employee performance reports and help you find out who is outperforming and who is underperforming.
• A mobile application that can help employees apply for a time off and get it approved within seconds.

Verdict: The users of BambooHR praise the exceptional customer service it offers. The software is easy to handle. The mobile application is reported to be lacking some core features that can only be accessed through a web browser.

Price: Contact directly for a price quote.

#16) Infor

Best for manufacturing departments to keep track of the manufacturing progress.

Infor is one of the top cloud based HCM software vendors in the industry. They provide modern technical solutions to your complex problems related to human capital management.

Features:

• Financial planning, budgeting, and business intelligence features.
• An all-inclusive integrated platform so that you can benefit from a single system.
• Payroll solutions including self-service and time tracking, are done using a mobile application.
• Enterprise Asset Management software that makes you efficient on maintenance.

Verdict: Infor can be recommended for a mid-sized business. The payroll function is done smoothly with this ERP system.

Price: Contact directly for a price quote.

#17) Kronos Workforce Ready

Best for easy-to-use features.

Kronos Workforce Ready is a well-known name among the top best HCM software solutions. This software provides a cloud based solution for payroll, HR, talent management, time and attendance tracking and more.

Features:

• Data-driven insights for well being of your employees.
• Smooth integration with other platforms.
• Lets you hire the best available talent, simplifies benefits administration process.
• Time tracking, payroll, onboarding and off boarding features.

Verdict: Kronos Workforce Ready is one of the best HCM software, which takes control of the crucial processes like payroll, recruitment, etc., and is highly recommended by its users.

Price: Contact directly for a price quote.

#18) UltiPro

Best for ease of use and constant innovations based on users’ suggestions.

UltiPro is a modern day solution to your workforce management needs. The software can provide you assistance in several Human Capital Management processes like hiring, onboarding, payroll, time and attendance and much more.

Features:

• Pays money to your employees on your behalf, thus saving your time and money.
• Manages services like HR, payroll, benefits and more.
• Maintains time and attendance records, helps in scheduling shifts.
• Recruiting, onboarding, performance reviews and much more.

Verdict: Suitable for midsize to large companies, this software is easy to use, affordable as compared to its competitors, and provides constant innovation in its features. These merits make it one of the best human capital management software vendors in the industry.

Price: Contact directly for a price quote.

#19) Ascentis

Best for Ascentis CarePoint features.

Ascentis is a provider of human capital management services, who offers you the core services needed for managing your workforce. With the emergence of the pandemic, they have added a new feature named Ascentis CarePoint, which works on voice commands and can measure your employees’ temperatures without touching.

Features:

• Time and attendance tracking system.
• Payroll being processed, faster and more accurately.
• Talent management through trainings, succession and performance management tools.
• Ascentis mobile application for quick communication and self service by employees.

Verdict: The cloud based HCM system is praised by its users for its self-service features, fair pricing and a nice customer service. Users also state that if they face any hurdles, the support team usually looks them upon and resolves quickly.

Price: Contact directly for a price quote.

#20) Ceridian Dayforce

Best for automatic, continuous payroll calculation.

Ceridian Dayforce is made to make your workforce management easy and more efficient through technical, smart and innovative methods. They offer you feature including talent management, payroll and a mobile application for fast and smooth functioning.

Features:

• Data based reports for decision making.
• Can be accessed through mobile or web, anytime.
• Automatically calculates payroll continuously. You can access data anytime to ensure more efficiency.
• Talent management and employees’ benefits management.

Verdict: Ceridian Dayforce is one of the best HCM software solutions in the industry, which provides a wide range of solutions loaded in a single system. Some features are reported to be a bit complex, but as you get along with them, they exhibit great results.

Price: Contact directly for a price quote.

#21) Saba Cloud

Best for performance management features.

With Saba Cloud, you can get solutions for hiring, developing, managing and engaging your workforce. Performance management features let you know about the high performing and under-performing employees so that you can take necessary actions.

Features:

• Finds the best available talent for your company and assist in the onboarding process.
• Learning management system which helps your workforce to expertise in their skills through time to time training.
• Provides you performance reports based on employees’ data.
• HR solutions, including setting and attaining certain goals.

Verdict: Some users complain about lengthy processes involved in getting things done. But they end up recommending the tool for its usefulness and the value it delivers to your company.

Price: Contact directly for a price quote.

#22) iSolved

Best for being cost effective.

iSolved is a tool designed to make the process of hiring and decision making simple. This tool also assists in improving employees’ performance, payroll processing and offer HR features including time and attendance, benefits management, scheduling, etc., all at one platform.

Features:

• Lets you hire the best available talent and help in the onboarding process.
• Data driven reports to help you in decision making.
• Easy to use analytical tools, even for the novice users.
• Tools to improve employees’ engagement so as to achieve more productivity and efficiency.

Verdict: The availability of a vast variety of features, prices and good customer service are the plus points that make this tool a recommended one.

Price: Contact directly to get a price quote.

#23) ADP Workforce Now

Best for different packages and plans based on your company’s size and requirements.

ADP Workforce Now is a known name in the human capital management software industry. ADP’s mobile application offers the self-service features for managers and employees and thus saves the time and costs of administration.

Features:

• A mobile friendly application that offers self service feature
• Payroll, talent management and benefits management
• Different packages to choose from, depending upon your requirements
• Automatic time and attendance records keeper

Verdict: ADP Workforce Now is a highly recommended solution for your HCM requirements. It is a total package with a nice customer service.

Price: Contact directly for a price quote.

#24) Viventium HCM Software

Best for simple operation.

Viventium is a cloud based HCM software which takes control of your requirements related to Human Capital management and thus lets you focus on other important aspects of your business. The mobile application offered by the tool has the self-service feature that can save much of your time and bring about more efficiency and transparency.

Features:

• Business intelligence tools
• Viventium mobile application that can be used by your employees for self service.
• Tracks best talent for your company and eases up the onboarding process.
• Covid-19 related solutions including webinars on information regarding taxes and other important topics

Verdict: The users of Viventium state that the software is simple in operation, easy to use and provides excellent customer services.

Price: Contact directly for a price quote.

#25) Sage People

Best for mid-size companies.

Sage people is a cloud based human capital management software, made for mid-size organizations, which renders services including powerful and efficient business intelligence and analytical tools, talent management and much more.

Features:

• Provides reports based on data about your employees to help in decision making.
• Lets you find the best people for your company and help in the oboarding process.
• Manages a record of attendance and leaves.
• Performance management features, including measuring workers’ skills, making development plans, etc.

Verdict: Sage people is undoubtedly one of the best HCM software in the industry. They are known for exhibiting excellent results by delivering pleasing returns on your investment.

Price: Contact directly for a price quote.

Frequently Asked Questions

Conclusion

Having done an extensive study on Human Capital Management and its service providers, we are now in a position to conclude that the overall best ones are GoCo HCM Software, SAP SuccessFactors, BizMerlinHR, Workday, Oracle HCM Cloud, Kronos Workforce Ready, iSolved, ADP Workforce Now and Sage People.

Also Read=>> Best Financial Management System

GoCo HCM Software, SAP SuccessFactors, BambooHR, Infor, Ascentis, Ceridian Dayforce, ADP Workforce Now and Viventium HCM Software provide self-service features through mobile applications, which are extremely cost effective and time saving.

SAP SuccessFactors, BizMerlinHR, Workday, Oracle HCM Cloud, Kronos Workforce Ready and ADP Workforce Now offer scalable solutions and thus can be chosen by an enterprise of any size.