The human resource (HR) work encompasses an array of activities ranging from recruiting to onboarding to handling complaints. At the heart of every HR department is a collection of data and functions referred to as Core HR. Without it, many other HR tasks would be impossible, hindering your business operation.
With the implementation of a strong core HR software, you can ensure a centralized safekeeping of essential and private employee data, automate repeating HR tasks, and generate reports. Discover a more seamless way of managing HR processes. Find the core HR software that works best for your organization.
21+ Core HR Software
1. Paylocity
2. Workforce Now
3. APS payroll
4. BambooHR
5. Workday HCM
6. Paycom
7. Rippling
8. Ceridian Dayforce
9. Gusto Payroll
10. Justworks
11. TriNet
12. Paychex Flex
13. UKG Ready
14. Personio
15. Zenefits
16. Paycor
17. GoCo
18. Sapling
19. UKG Pro (formerly Ultimate Software UltiPro)
20. Hris Systems
21. SAP
22. Arcoro HR
Understanding Core HR and Core HR Software
Core HR is an umbrella term that refers to the functions of an HR department, as well as the basic employee data and the software used to manage primary HR practices. The core functions of the HR department include recruitment, scheduling, payroll, benefits administration, employee training, compliance, and safety, and other responsibilities related to human capital management (HCM).
Core HR software is used to manage basic employee information and processes in managing the core HR information (personnel information obtained legally to employ and perform employee management tasks). Using this software, the HR team can allow employees to manage their information using an employee self-service software (or portal), better perform employee monitoring, ensure compliance, and administer other aspects pertaining to employee record keeping. In other words, core HR software assists with the administrative side of human resource management.
Benefits
Automating multiple HR tasks manually is just a thing of the past. With a strong core HR software in place, you can more seamlessly oversee the entire core HR functions. How does this software help some of the key aspects of HR management?
RECRUITMENT
With software integration in hand, everything in the recruitment procedure is made easier — from screening, interviews, and hiring to onboarding.
TALENT MANAGEMENT
Performance management tasks, such as performance reviews, succession planning, and tracking overall productivity become streamlined with the help of core HR software. By implementing this software, you can automate the employee lifecycle, making it easier to input data about employees and employee performance reviews.
COMPENSATION
Core HR software offers an advanced module to help with compensation management and make better decisions for it. It works by helping the managers determine the authorized percentage and allocate those across the department.
Features
Functions or features may vary from vendor to vendor. Regardless, the common features that make a good core HR software are as follows:
– Employee database and records
– HR insights and analytics
– Employee self-service portal
– Mobility and accessibility
– Customization according to company needs
– HR dashboards
– Team attendance calendars
– Absence management and tracking
– Airtight security
– Effective integrations
Top 10 Core HR Software Products
1. Paylocity
Founded in 1997, Paylocity gives HR personnel an easier way to manage daily tasks in payroll, benefits, talent, and workforce management. As of 2020, Paylocity’s revenue reached $561.3M. Paylocity also has 3,050 employees since 2019.
2. ADP Workforce Now
ADP Workforce Now makes it easier to manage the workforce and navigate today’s business environment challenges. This software product equips you with the tools to track HR information while managing the workforce and make data-driven decisions.
ADP Workforce Now has earned more than $13B in revenue for the fiscal year 2018.
3. BambooHR
BambooHR was launched in 2008 to provide online HR software for small and medium businesses that have outgrown spreadsheets. BambooHr’s estimated annual revenue is currently at $82.5M and has 700 employees as of March 2021.
4. Rippling
Founded in 2016, Rippling makes it easier to manage payroll, benefits, HR, and IT — all in one modern platform. It consolidates employee systems and data to automate your busy work. Rippling generates $16.8M in revenue and has 323 employees.
5. Workday HCM
Workday HCM was launched in November 2006 and is built as a single system with a single source of data, a single security model, and a single user experience. As of the fiscal year 2020, Workday HCM’s revenue rose to $4.32B.
Workday HCM has over 1,000 customers and more than 3,700 employees.
6. Paycom
Paycom was founded in 1998 to offer the only full HR solution contained in one database. As of the fiscal year 2020, Paycom’s revenue reached US$841.4M with 4,200 employees.
7. CERIDIAN Dayforce
CERIDIAN Dayforce was founded in 2008 with the goal of making work life better for organizations across North America, Europe, and Asia Pacific Japan. In the first quarter of 2021, CERIDIAN Dayforce has recurred $145.3M in revenue. As of 2020, they have over 5,200 employees.
8. UKG Pro
UKG Pro transforms your business with a connected global workforce experience through resilient and mindful HR technology. Currently, UKG Pro has $798M and has over 12,000 employees as of 2020.
9. Paycor
Paycor was launched in 1990 to provide an HCM platform that modernizes every aspect of people management, from recruitment and onboarding to compensation and employee retention. As of the fiscal year 2019, Paycor has a revenue of $302.0M. The company also has 1500 employees in total.
10. Gusto Payroll
Launched in 2012 as ZenPayroll, Gusto is a modern online platform for small business owners to manage their teams. Gusto’s estimated annual revenue is currently at $176.4M and has 1,400 employees.
FAQ
How to Choose the Best HR Software?
First, list your organization’s requirements. Make sure the criteria relate to both technology requirements and other issues. Then, identify potential vendors.
What Are the Core Specialties of HR?
The HR department is made up of several disciplines, but HR practitioners may perform more than six main duties; namely, talent management, compensation and benefits, training and development, compliance, and workplace safety.
Why Is HR Software Important?
Primarily, HR software ensures efficiency as it saves you time by automating simple processes (holiday allowance, absence tracking, training, etc.). More importantly, it helps you streamline processes to increase overall productivity and worm management.
There’s always a better option to storing and managing employee information than doing it manually — the use of core HR software. Using this software, you can easily keep with your HR management duties and be swift to attend to other important business matters within the organization.
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