Invest your money on software that works when it comes to maximizing the economic value of your human resources while engaging them in the process by going for robust cloud HCM software at your disposal. As they say, modern problems require modern solutions, so start overcoming challenges in your workforce efficiently and optimize HR workflows by choosing yours today.


5+ Cloud HCM Software

1. SAP SuccessFactors

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Rating: 4.9/5

Price: Custom

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2. Oracle HCM

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Rating: 4/4

Price: $15/month

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3. Workday HCM

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Rating: 5/5

Price: Custom

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4. BambooHR

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Rating: 4.8/5

Price: FREE

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5. Infor HCM

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Rating: 4.7/5

Price: Custom

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6. Ceridian Dayforce

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Rating: 4.7/5

Price: Custom

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What Is Cloud HCM Software?

Cloud HCM (Human Capital Management) software is a platform for streamlining end-to-end processes for managing employees. It integrates the tools you would need to oversee human resource administrative tasks in a single platform that you can access by connecting your digital devices to the internet. With this, you can access an electronic database that organizes and stores essential employee files and tools for generating and processing documents online.

Also, it offers capabilities for simplifying the calculation and distribution of employee payroll. In addition, using this cloud technology allows you to track employee performance and measure data analytics to gain actionable insights into developing their skills. 

Benefits

Minimizing the need for manual data entry and automating your workflows with this software solution heightens productivity and efficiency in the HR department. Also, it increases accuracy with your operations and is a rich data source for personalizing employee experience. Cloud based HCM software also makes data accessible wherever you are as long as you have an internet connection. 

Features

With plenty of available options in the software market, ensure to scrutinize them by studying the essential aspects that will help you identify what they can offer your organization and how they align with your HCM needs. Also, considering your budget, look into their pricing structure and provide software packages. The following are features you would need for your human capital management tasks that your ideal software should not go without:

  • Payroll management tools
  • Employee portal
  • Training and onboarding functionalities
  • Time and attendance tracking features
  • Employee scheduling capabilities
  • Assessment software functionalities
  • Recruitment management tools
  • Workforce planning features
  • Data analysis and reporting tools
  • Benefits administration capabilities

Top 10 Cloud HCM Software

1. Oracle HCM

This human resources solution offers time & attendance tracking and payroll reporting tools. They have a revenue of 40.47 billion dollars and have 132,000 people working for them.

2. ADP Vantage

ADP Vantage is a human capital management software with employee scheduling and reporting capabilities. They have a revenue of 14.59 billion dollars and have 58,000 employees.

3. Workday HCM

With this workforce management software, you can streamline onboarding and training management. Workday HCM has 12,500 people in its team and has a generated revenue of 4.32 billion dollars.

4. Infor HCM

With Infor HCM, you can simplify the complexities involved in compensation management and benefits management. They have 3 billion dollars in generated revenue and have 17,000 employees in their team.

5. Paycom

Video conferencing and course authoring tools are features you can use in this workforce management solution. They have generated a revenue of 1 billion dollars and have employed 4,218 people.

6. Ceridian Dayforce

Ceridian Dayforce is a learning management system with course tracking and competency management functionalities. They have employed 5,974 people and have 842 million dollars in revenue.

7. SAP SuccessFactors

This performance management system software has compensation management and recruitment management tools. They have 694 million dollars in revenue and have 3,627 employees.

8. BambooHR

With this talent management software, you can use payroll management and document management features. They have a generated revenue of 82.5 million dollars and have 1,039 employees working for them.

9. Rippling

Features for background screening and a self-service portal are accessible in this software. They have 717 employees in their team and have a generated revenue of 66.4 million dollars.

10. Ramco HCM

Ramco HCM is an HR management software that provides users labor forecasting and succession planning capabilities. They have 1,888 people working for them and have a generated revenue of 43 million dollars. 

FAQs

What are the benefits of shifting your HCM operations to the cloud?

Employing your HCM tasks using the cloud opens for more flexibility and scalability for your processes. Also, with it, you no longer need to manage the updates and maintenance of your HCM software and gain more control over your costs. Another benefit of cloud HCM is it allows remote access and mobility, optimizing efficiency and productivity.

How is human capital management different from HR management?

People often use human capital management and human resource management interchangeably because they have similarities and overlap in some aspects. Although these two are different. The former encompasses a broader scope that covers processes for recruiting employees, developing their skills, and activities for ensuring they can contribute to business growth and organizational effectiveness. On the other hand, the latter focuses on benefits management, payroll management, and the generation of employee policy.

What are the best practices for HCM?

Communication is key in fostering authentic relationships within your workforce and establishing seamless collaboration for better workflows. That said, ensure to secure internal communication platforms that work for your team. Also, improve employee performance management tasks by leveraging data. Another tip is establishing a tech-savvy culture and incorporating a mobile strategy into your HCM operations.

Align the productivity and performance of your human resources with your strategic goals and ensure high-quality corporate performance to secure your rank in the top place in the competitive industry. Develop happy and motivated employees that will bring success to your organization with the best cloud HCM software for you.


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