Human relations is the heart of the company as they serve as the middleman between the employees and the company leaders. Being part of the HR department means they have to handle a lot of big responsibilities. One of them is to comply with the legislative laws that could impact their workforce. To adjust to the changing laws, HR would often use HR compliance software to help them update their policies per the newly-adjusted laws. Here are some of the best HR compliance software available right now!
11+ HR Compliance Software
1. Onepoint HCM
5. ADP Smart Compliance
7. HR Acuity
8. Paychex Flex
What Is HR Compliance Software?
HR compliance software is an HR software that companies use to update their business policies that comply with HR business regulations laws. The software contains a lot of tools seen in other online HR software such as employee management software, employee time tracking software, payroll software, etc, making this software popular among companies.
HR compliance software helps companies comply with the changing business regulation laws. Because regulation laws change from time to time, the software can adjust its company policies and protocol based on the updated legislative labor laws. The software prevents companies from running into legal trouble for not complying with current laws simply because of outdated policies. The software also features many HR tools seen in other software, making it more cost-effective for companies to use such software with so many legal benefits that come along with it. Its all-in-one features make it easy for companies to streamline their operations instead of using separate software that makes the process more time-consuming and challenging.
Many HR compliance software has different features and tools but they usually present these fundamental features. HR compliance software must be constantly updated with regulation laws as it will help inform companies on how to adjust policies based on the updated laws and make decisions based on the updated policies. The software also provides various tools that allow companies to create HR documents to create policies. The software also provides tools to organize all legal-related documents within the software. The software should also be able to provide risk management tools for companies to communicate and manage with their employees regarding the newly-changed policies.
- Constantly updated with new or changed laws
- HR documents
- Legal documents organizer
- Risk management tools
Top 10 HR Compliance Software
Goco provides an all-in-one HR software for companies to streamline their human relations operations with “flexibility and ease”. Goco has 61 employees and earns annual revenue of $7.4 million.
2. ADP Smart Compliance
ADP Smart Compliance provides a cloud server-based HR compliance software that helps companies smartly comply with legal HR obligations with tools such as payroll and employee management. ADP has 68,098 employees and earned a revenue of $14.59 billion in 2020.
3. Paychex Flex
Paychex Flex helps small and medium-sized businesses with their all-in-one HR software that helps them manage their employees smoothly. Paychex Flex has 16,519 employees and earned a revenue of $4 billion in 2020.
Paycor’s human capital management software helps companies manage their human relations with their employees and other talents in the company. PayCor has 2,368 employees and earns annual revenue of $343.4 million.
Zenefits’s people operations software makes it easy for HR departments of the company to manage their employees and focus on other HR obligations which have a lot of benefits. Zenefits has 548 employees and earns annual revenue of $110.1 million.
6. Onepoint HCM
Onepoint HCM provides a unified, all-in-one human capital management software that empowers HR companies with a platform that guarantees work efficiency. Onepoint HCM has 109 employees and earns revenue of $7 million.
7. HR Acuity
HR Acuity’s employee management software allows companies to manage their relationship with employees and analyze their performance through employee performance evaluation software tools. HR Acuity has 46 employees and earns annual revenue of $6.7 million.
ComplianceHR provides a suite of intelligent software that helps HR comply with constantly changing legislation laws regarding labor. ComplianceHR has 11 employees and earns annual revenue of $1.6 million.
HR360 helps companies to easily manage their human relations and comply with HR regulation laws simply from their fingertips. R360 is owned and developed by Zywave, which has 411 employees and earns annual revenue of $59.6 million.
Mihi provides HR software for multi-national workforces that helps companies comply with laws and manage their employees smoothly. Mihi has 8 employees and earns annual revenue of $1.2 million.
Can employees benefit from HR compliance software?
Yes, they can! HR compliance software provides solutions for companies to change their policies based on newly reformed regulation laws. With the changing nature of regulation laws, there’s a likely chance that these newly changed laws will benefit the employees, with increased minimum wage and salaries as one of the benefits.
HR compliance software has so many features and tools. Do companies use this software alone for their HR operations?
It depends on the companies. While HR compliance software provides many tools and features seen in other software with legal added benefits, it’s usually wise for companies to subscribe to a couple more HR software to fill the lapses and gaps that the HR compliance software couldn’t fill. They can manage their finances on several subscribed software through SaaS spend management software. That being said, HR compliance software aims to be the all-in-one, centralized software for companies to manage their HR.
How much does HR compliance software cost?
Pricing for HR compliance software is usually customized, with some of them being free. Pricing for HR compliance software depends on the features available and its intended target audience. Small businesses can benefit more from low-cost HR compliance software while big businesses can benefit more from high-cost software.
Companies that use HR compliance software can now easily manage their HR strategies much easier. Not only it makes operations easier to handle, but it also avoids the company from legal trouble. As such, the software has a lot of legal benefits that it would be questionable not to adopt this software as part of their operations.
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