Human capital management (HCM) is the process of hiring the right people, managing workforces effectively and optimizing productivity. It has evolved from a mostly administrative function to a critical enabler of business value.

What are the elements of human capital management?

Human capital management is made up of a series of administrative and strategic applications that include:

  • Recruitment 
  • Onboarding
  • payroll
  • Time and Attendance 
  • Benefits  and retirement service  
  • Talent management
  • Training
  • Reporting and analytics
  • Compliance

We Carefully Select Tools Keeping In View The Customer Requirements and Technology To Best Fit For The Same.

1. Workday

Used by leading organizations including Adobe and General Electric, Workday Human Capital Management is an HCM system built on a single data model.

It has a single-user experience and security model implemented with a single set of global capabilities. It’s ideal for mid-sized organizations to large enterprises that require enterprise features in the cloud.

Key HCM features:

  • Supports multiple languages and geographies
  • Offers Cloud Connect for third-party payroll integration
  • Includes strategic workforce planning functionality
  • Includes career and development planning functionality
  • Simple and highly intuitive user interface
  • Safeguards against cyber attacks with secure data storage
  • Brings financial, people, and operational data into one unified source of truth
  • Supports real-time employee engagement to track employee sentiment 

2. Oracle Cloud HCM

Oracle Fusion Cloud HCM helps mid to large enterprises manage all HR processes in their business from the time an employee is recruited to when they retire.

It provides a consistent experience across devices and allows users to edit data from one place, making it easier for them to make decisions and keep on top of their data and reporting.

Integrating with the wider Oracle family, Oracle has redesigned all of its ERP, HCM, and EPM applications for the cloud as part of its integrated SaaS suite.

Key HCM features:

  • Provides comprehensive workflow management and advanced automation features
  • Self-service portal available to employees on desktop and mobile devices
  • Delivers a wide set of modules across HR, learning and development, payroll, compensation management, workforce analytics, and more
  • Core HR module is especially suited to companies with multiple locations, helping streamline cross-border HR processes
  • Oracle Benefits allows companies to offer flexible benefits programs that are tailored to specific requirements
  • Includes embedded social collaboration capabilities to increase employee engagement

3. Netsuite SuitePeople HCM

Suitable for companies of any size, NetSuite’s SuitePeople HR software makes it easier to streamline HR, payroll, and finance data into a single HCM solution. It also makes it easier to get data from other sources by eliminating the need to integrate different systems.

It is particularly well suited for smaller companies looking to manage their basic HR functions in robust and secure management.

Key HCM features:

  • Employees can update their profiles, manage their teams, and securely view HR information.
  • SuitePeople Performance Management module provides a central place to easily administer the performance review process
  • Comprehensive Workforce Management functionality incorporates workforce planning with compensation, benefits, and time-off management
  • Brings together financial and HR data into a single source of truth
  • HR Analytics provides role-based dashboards for HR and other authorized users
  • Role-based security allows organizations to set permission levels for executives, managers, supervisors, and employees.

4. ADP Vantage HCM

ADP Vantage HCM is a cloud-based employee payroll and HCM application. ADP Vantage offers integrated tools including HR Payroll, Workforce Management, Benefits, Recruiting, Talent Management, and Employee OnboardingIt is an HCM solution well suited for enterprise organizations with over 1000 employees.

Key HCM features:

  • Employee Self Service available across web and mobile
  • Extensive Performance and Talent Management capabilities
  • Multi-channel support includes video tutorials, whitepapers FAQs, email support, and forums
  • Robust analytics and insights powered by ADP® DataCloud
  • Personalized support through a dedicated account manager
  • Multi-language support across German, English, French, Italian, Dutch, Portuguese, Spanish, Chinese (Simplified)
  • Supports data required for Form 1094-C and Form-1095-C and also helps in streamlining ACA compliance requirements

5. SAP SuccessFactors

As part of the wider SAP product suite, SAP SuccessFactors provides a cloud-based HCM solution to manage various HR functions such as business alignment, people performance, recruitment, and learning activities.

It is suitable for all sizes of organizations and is used in more than 60 industries.

Key HCM features:

  • Performance and Goals module makes it easy to track employee performance and development
  • SAP Process Integration makes integrations between SAP and non-SAP applications easy
  • Integrates with SAP ERP HCM and with easy data import into SuccessFactors
  • Automates and simplifies global employee time tracking while meeting compliance regulations
  • Drives global compliance with localized best-practice processes which are determined and enforced by SAP experts in supported countries

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