Human capital management (HCM) is a process to manage an organisation’s employees.
With HCM software, companies can manage their human resources to streamline and automate the workforce.
HCM platform comes with a wide range of features, including HR functions, payroll processing, time tracking, talent acquisition, and performance management.
In this article, I am going to list the top 10 HCM software and platforms that are suitable for small and mid-sized businesses.
What is HCM Software?
Human capital management software is a type of software that enables you to manage employees’ day-to-day activities.
The software comes with core HR functions like employee onboarding and offboarding, workforce management, payroll, employee engagement, and more.
HCM software helps businesses in decision-making through advanced analytics and performance review.
Let’s check out, the 10 best HCM platforms for startups and businesses.
1. Oyster
Oyster is a cloud-based HR solution for small businesses.
Using it, you can hire international employees in more than 180+ countries.
Some of its notable features are overseas employee onboarding, multi-currency payroll, tax compliance, time-off management, employee benefits, and real-time insights.
Oyster allows employees to pay on time in native currencies in more than 150 + countries. Oyster also calculates employee hiring costs around the world, including all taxes and deductions.
The platform lets you save contracts and important documents in the cloud.
You can choose from a free, crafted local and global benefits package that helps you to onboard employees effortlessly.
Oyster has in-house exports that guide you on how to manage your employees. It also integrates with some other platforms like BambooHR, Slack, Workable, and Bob.
Key Features
- Onboarding and offboarding an employee
- Run Payroll in multi-currency
- Time & attendance management
- HR functions
- Contractor management
- Employee benefits
- Tax compliance
- Employee self-service portal
- 3rd party integration
- In-house expert team
- Mobile app
Price
Oyster Global payroll service plan starts from $29 per employee/month, and the Employer of record plan costs $699 per employee/month. There is also a custom plan available.
2. Deel
Deel is a well-known human capital management (HCM) platform. It offers best-in-class HR service to onboarding and offboarding international employees and is also able to make timely payroll.
You can make Global teams without opening legal entities in different countries. More than 35000+ companies are using Deel.
It’s built-in compliance keeps you updated with the local laws.
Deel allows businesses to automate leave management, attendance, PTO, expense reporting, and more.
Through Deel, businesses can create local, regional, and state-level time off policies with pre-populated templates. Deel can also manage employee background checks and the immigration process with ease
You can keep HR, Finance & connecting teams aligned to easily collaborate with scenario planning and automate approvals. With built-in Integration, you can connect Deel with your favourite tools put there.
Deel is ideal for startups and all business sizes, wanting to manage the Global workforce effortlessly.
Key Features
- Global onboarding and offboarding
- Payroll teams in native currencies
- Perform HR activities
- Manage team leaves, expenses, and benefits
- Plan and manage the workforce
- Centralized global team with HRIS
- employee background checks
- Immigration support
- Seamless integration with 3rd-party tools
- In-house customer support
Price
Deel Global payroll plan starts from $29 per month, and the PEO plan starts at just $95 per month.
3. Gusto HCM
Gusto is a US-based platform for hiring a global team, payroll, benefits administration, and tax compliance.
Some of its important HR features are time tracking, onboarding, a streamlined hiring process, on-time payroll, and employee training.
It is a best suited HCM platform for small businesses. You can store your document in Gusto to get easy access at any time and automate your workflows.
Using Gusto, you can hire U.S.-based employees, pay contractors, and handle taxes. Gusto’s interface is very easy to use to perform HR functions.
It is a one-stop solution for recruiting teams, features like centralised applicant tracking, background checks, e-signature, job posting, and custom offer later.
You can connect Gusto with tools like Asana, Box, Clickup, and more.
Key Features
- Human capital management
- Employee onboarding
- Direct payroll and tax filing
- Employee benefits
- Talent management
- Attendance tracking, leaves, and PTO
- Onboarding and offboarding employees
- Insights & reporting
- Integrations
Price
Gusto solo plan starting at $49 per month. You can use the contractor plan for free.
4. Netchex
Netchex has all the essential features for human capital management (HCM) globally.
With Netchex, you can onboard new employees, track time and attendance, employee benefits, run Payroll and local law compliance.
It streamlines the hiring process with built-in onboarding tools, allowing you to hire the right talent.
Netchex has advanced time tracking and scheduling options. Employees’ mobile punching with geo-fencing, shift swap, pickups, and real-time attendance.
Netchex offers 200+ expert-led courses in English and Spanish to train your employees. You can also create your own training material to build a skilled workforce.
Its real-time tracking lets you track employee performance and measure impacts.
Key Features
- Onboarding and offboarding employees
- Time & attendance tracking
- Smart hiring
- Geo fencing
- Track wages, laws, and meal breaks
- Streamline payroll
- Employee benefits & tax deduction
- Document management
- Analytics and reporting
- Learning management system
- Mobile app
Price
Netchex has custom pricing. Contact the sales team to get quotes.
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5. Rippling
Rippiling is one of the best HCM solutions in the market.
With Rippling, you can manage your HR functions, business finance, and IT.
Some of its key features are human resource management, employee recording, job posting, payroll outsourcing, benefit management, and more.
When it comes to HCM, it is a solution to automate the employee life cycle, automate compliance training, employees’ self-service portal, store employee documents, and manage local and domestic workforce.
Rippling lets employee teams clock in, swap shifts, request levels, and more from a mobile app on the go.
You can upload training content on the platform to train employees, and there are also several options to collect feedback from teams.
Connect Rippling with third-party apps to streamline workflows.
Key Features
- Onboarding and offboarding
- Overseas hiring
- Local and global payroll
- Benefits administration
- Time & attendance, leaves, and schedules
- Learning management system
- Collect feedback from surveys
- PEO and EOR service
- Document management
Price
Rippling plans start from $5 per month. You can create a custom plan; the price depends on business requirements
6. BambooHR
BambooHR is an all-in-one HR platform with HCM features.
It offers tools for time tracking, payroll, benefits management, major staff performance, and generating custom reports.
Via its mobile application, employees can manage their shifts, documents, request time off, and more from their smartphones.
Its applicant tracking system streamlines the recruitment process via integration with job boards, sends automated personalized emails, and automatically transfers data to employee records.
BambooHR offers a centralized communication space where teams can communicate and get feedback, develop an environment of two-way communication, and employee engagement.
Key Features
- Human capital management
- Onboarding and offboarding employees
- Applicant tracking system
- Global payroll
- Benefits administration
- Time and attendance tracking
- Performance management
- Employee experience
- Integration
- Mobile app
Price
BambooHR offers 3 different plans. Contact the sales team to get quotes.
7. Remote
Remote is a leading software for managing international employees.
With remote, you can recruit Global employees, run payroll, and manage workforce effortlessly.
Some of its notable features are hiring employees across 180+ countries, time of expense management, multi-currency payroll, onboarding, and offboarding employees.
Team members can use the mobile application self-service portal to punch in, upload important documents, manage schedules, and request leave.
Remote offers a contractor of record and PEO service to outsource complex employment tasks.
Its HRIS option lets you manage employee lifecycle, HR automation service, and analyse data and feedback.
Remote seamlessly integrates with your existing workflow; some of the popular integrations are Slack, Okta, Xero, and Carta.
Key Features
- Employer of record
- Payroll automation
- Contactor management
- PEO
- HR service
- Benefits administration
- Job board
- Applicant tracking system
- Experience management
- Tax compliance
- Self-service portal
- Integrations
Price
Remote’s plan costs you between $25 to $599 per month.
8. Oracle Fusion Cloud HCM
Oracle Fusion Cloud HCM is an all-in-one solution to manage human resources.
You can personalize employee, attract the best candidates, manage workforce, process payroll, and more with it.
You will have the HCM Analytics option to plan human resources and take data-driven decisions.
Oracle Fusion Cloud HCM care HR service lets you hire, onboard, and give a self-service portal to employees, allowing them to request leaves and download payslips.
If you are looking for a complete HCM software that offers the best human resource management options, Oracle Fusion Cloud HCM is the right one.
It provides 24/7 customer support through chat, email, and phone.
Key Features
- Human resource management
- Workforce management
- Payroll
- Employee benefits
- Talent management
- Team planning
- Leaves, PTO, and absence management
- Overseas hiring
- HCM Analytics
- Learning and development
- Integration
- Mobile app
Price
You can connect to the Oracle sales team to get quotes.
9. Multiplier
Multiplier is a cloud-based employer of record and payroll solution.
Some of its features are employee onboarding, multi-currency payroll, employee benefits, and Analytics.
Using Multiplier, you can recruit employees from 150 + countries, even if your business has no presence in these countries.
Multiplier will manage hiring, benefits, taxes, and compliance for you.
Employees can use a self-service portal to request leave applications, submit timesheets, swap shifts, and download important documents like payslips and contracts.
Multiplier also supports the visa and immigration process in 150 + countries.
Key Features
- Employer record service
- Time tracking, attendance, and leave management
- Run multi-currency payrolls
- Global compliance
- Self service portal for employee
- Manage documents
- Visa support
- Mobile app
Price
The multiplier plan starts from $40 per month. You can book a free demo from the official website.
10. Paylocity
Paylocity is very similar to Rippling. It provides a centralized solution to manage HR, Finance, and IT.
If you are looking for a tool to manage a workforce, it has features for talent management.
Time and attendance, benefit administration, and employee experience. With Paylocity, you can higher best Global talent and run payroll with ease.
The platform allows you to manage important documents and also generate helpful insights to make data-driven decisions.
Additionally, you will get options to manage expenses, headcount planning, create corporate cards, automate accounts, and vendor management.
Its mobile application lets you manage your human resources on the go, without needing to be at your desk all the time.
Key Features
- Recruit employees
- Onboarding and offboarding
- Global payroll processing
- Workforce planning
- Time tracking and attendance
- Employee experience
- Corporate cards
- Expense management
- Integrations
- Mobile app
Price
Paylocity share prices on request. Book a demo today.
Conclusion
The right HCM software helps your HR team to effortlessly manage human capital.
With this kind of tool, you can perform HR services, analyse team performance, time and attendance tracking, workforce planning, and take data-driven decisions.
You can build HCM strategies and focus on optimising human resources to boost company growth.
Above, I have mentioned some of the most popular human capital management (HCM) software. Go start managing your workforce today with the HCM tool.