HCM solutions and services streamline the entire Human Resource (HR) process to optimize the management of different functions, such as sourcing and recruiting, payroll and compensation, applicant tracking, workforce scheduling, and time and attendance management. As organizations are focusing on minimizing costs associated with HR function, HCM solutions and services are gaining demand. HCM solutions and services enable organizations to realize various benefits such as increased workforce productivity and employee engagement, and reduced cost of HR functions.
The MicroQuadrant provides information about the major vendors of HCM and outlines the findings and analysis on how well each market vendor performs within our criteria. The vendor evaluations are based on two broad categories: product offering and business strategy. Each category carries various criteria, based on which the vendors will be evaluated. The evaluation criteria considered under product offerings include the breadth of offering, delivery (on the basis of industries that the vendors cater to, deployment models, and subscriptions), and support (on the basis of pre and post-sale support services). The evaluation criteria considered under business strategy include reach (on the basis of geographic presence), industry coverage (on the basis of the end-users that the vendors cater to), and inorganic growth (on the basis of partnerships, collaborations, and acquisitions).
Automatic Data Processing, LLC., Cornerstone OnDemand, Inc., Infor, Kronos, Oracle Corporation, SAP SE, Ultimate Software, and WorkDay lead in the HCM market and are recognized as Visionary Leaders. They have a strong portfolio of products, offering HCM solutions and associated services. These vendors have been marking their presence in the HCM arena by offering highly customized and easily deployable software for the commercial clients, coupled with their robust business strategy to achieve continued growth in the Human Capital Management market.
IBM Corporation, the Sage Group PLC, and SumTotal Systems LLC (Skillsoft) are recognized as Dynamic in the HCM market. They have an innovative portfolio of solutions and services and also have an extensive network of channel partners and resellers to increase the deployment of their services across a multitude of vertical markets. Over the years, the dynamic vendors have been consistently generating positive revenue growth in the HCM arena, and their market position is boosted by the organic and inorganic ventures undertaken by them during the period.
APS Payroll, Ascentis, Ceridian HCM, Paycom Software, Inc., and PeopleStreme are recognized as Innovator in the HCM market. They have an innovative portfolio of HCM solutions and a strong potential to build strong business strategies for their business growth to be at par with the Vanguards. These vendors have been consistently providing their customers with innovative HCM offerings for their customized demands. Innovators have been forefront in deploying their solutions for niche and custom requests by client requiring processing of high-performance workloads.
CoreHR, EmployWise, Gusto, Namely, PeopleStrategy, QuickBase, WorkTango, Zenefits, and Zoho are recognized as the emerging players in the HCM market. The emerging players specialize in offering highly niche and tailor-made solutions and services to their clients. The majority of the emerging vendors have been undertaking multiple acquisitions and boosting their sales capabilities across regions to offer their integrated services to a wide range of clients.
Human Capital Management Software
Business today starts with high aspirations, what if you get all the human labour required to manage a firm, but the main problem lies in channelizing the workforce that you have. ADP LLC helps to provide you best of HR solutions. Our Human Capital Management Software delivers end-to-end HR solutions personalized to the client, adjusting to their needs and desires from time to time. ADP removes the stress from your business by helping you choose your ideal solution. From giving out payrolls to managing everyday needs, ADP is there for you.
Human capital management software is a fully integrated application that combines a different set of practices that furtherance an organization to achieve unabating success, foster innovations, and supports continuous upgrading. This software helps in managing the human resource of an organization through its functions. It helps in the recruitment of best employees, retention of all the vital information, management of employees, Improve employee productivity through training, onboarding, reporting, and analysis.
The main functions of this software are organization visualization, workforce planning, onboarding, payroll, performance management, time and expense management, training and evaluation.
It is enterprise-class software that can minimize the complexity of various processes such as management of performances of employees, career planning, human resource planning, rewards, maintaining human resource records, evaluation, legislative compliance. Their core services include- implementation and support, professional consultation services, and training and education as well. All in all, Peoplestreme boasts of world-class services to firms that want to hire, manage, and grow efficiently.
The platform of CoreHR Human Capital Management Software is intended to provide an active automation service. Its distinct features and functionalities enhance employee engagement. Moreover, integration of operational solutions enables accurate forecasts and data-driven decisions. Thus, with CoreHR Human Management Solutions, massive efficiency can be obtained while reducing the chances of error occurrence. Also, real-time visibility on different aspects of the workforce in line with business demands can be achieved.
Namely is a renowned name in providing innovate Human Capital Management solutions. The Namely HR software platforms offers an intuitive interface. Namely technology solutions are potent means for supporting HR challenges of mid-sized organizations. The data-driven decisions provided by Namely Human Capital Management software help organizations achieve strategic decisions well within time. From talent management to payroll administration, all human capital management tasks can be handled efficiently with the Namely management platform.
Beamery is one of the leading software companies. It aims to engage, retain, and attract candidates for your enterprises. It is one of the most global organizations. And they believe in building meaningful and friendly relationships with their candidates. Its human capital management software helps to keep your candidate records updated, builds an automated talent pipeline, and reports every critical issue that you need to look over.
