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Best Human Capital Management Software in 2024

GoCo is helping thousands of small businesses level up their HR workflow, with best-in-class HCM software for managing HR, payroll, and benefits. Read on to learn more about the benefits of HCM software and compare the top providers for small businesses.

Why Choose Goco's HCM Software for Your Human Capital Management Needs?

Effective human capital management (HCM) is a cornerstone of business success. However, it can be complex, which is why choosing the right Human Capital Management software is essential in order to transform it into a streamlined process. To help you navigate the many available HCM software options, we've curated a list of the best human capital management software.

Each software has been carefully evaluated to highlight its unique features and benefits, empowering you to make an informed choice for your company. The ideal HCM platform should seamlessly integrate HR functions, payroll, and an intuitive interface into a single, powerful package. By streamlining your processes, you’ll unlock your business’s full potential. And when it comes to these qualities, we have developed Goco with the intention of making it the consumer’s first choice of HCM software.

Check out our extensive list below:

11 Best HCM Software Tools for Human Capital Management

Best Software

  • GoCo
  • Zoho People
  • isolved
  • Ceridian Dayforce
  • UKG Pro
  • SAP SuccessFactors
  • ADP Workforce Now
  • TriNet (Formerly Zenefits)
  • Workday
  • NetSuite
  • Oracle HCM

1. GoCo

top 50 product of the year leader summer 2021 the logo for users love us
GoCo Logo

Website: Visit GoCo

G2 Rating: 4.6 (372)

GoCo is an HCM platform designed specifically for small and medium-sized businesses and focuses on simplifying HR processes and automating tasks to free up time for HR teams. GoCo offers core HR functionalities such as employee onboarding, time tracking, performance management, benefits administration, payroll, and time off management. It also offers a large amount of integrations, making it easy to simplify and streamline an existing HR tech stack.
The platform emphasizes a user-friendly interface, employee self-service, and mobile accessibility.

Users often praise GoCo's ease of use, intuitive interface, affordable pricing, and strong personalized customer support. However, due to its focus on smaller businesses, GoCo may lack some advanced features and scalability options required by larger organizations with over 1500 employees. Overall, GoCo is a strong choice for small and medium-sized businesses that are looking to establish a reliable HCM software platform.

Visit GoCo

2. Zoho People

Zoho People Logo

Website: Visit Zoho People

G2 Rating: 4.4 (328)

Zoho People provides core HR functionalities such as employee management, time and attendance, benefits administration, and performance management. This HCM provider emphasizes user-friendliness and affordability, making it an attractive option for smaller businesses. While Zoho People may not offer the same level of advanced analytics and customization options as larger HCM platforms, it excels in providing essential HR functionalities at a competitive price point.

User reviews often highlight the platform's ease of use and integration with other Zoho applications. However, some users have expressed limitations in terms of scalability and reporting capabilities for larger organizations. Zoho People remains a viable option for organizations looking for a relatively inexpensive and simple HCM solution.

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3. isolved

isolved Logo

Website: Visit isolved

G2 Rating: 4.3 (1000)

isolved’s HCM platform is designed to streamline HR and payroll processes for businesses of all sizes. It provides a suite of features including payroll, time and attendance, benefits administration, talent management, and HR administration. isolved emphasizes a user-friendly interface and automation to enhance efficiency. The platform is known for its ability to handle complex payroll calculations and ensure compliance with various regulations.

Users generally praise isolved's ease of use and customer support, however some have reported challenges with system performance and customization options. Overall, isolved positions itself as a flexible and scalable HCM solution for businesses seeking to optimize their HR operations.

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4. Ceridian Dayforce

Ceridian Dayforce Logo

Website: Visit Ceridian Dayforce

G2 Rating: 4.2 (786)

Ceridian Dayforce is a unified HCM platform that offers a comprehensive suite of HR, payroll, benefits, and workforce management functionalities. It emphasizes automation and using real-time data to streamline HR processes and improve decision-making. Users often praise Dayforce's ability to handle complex payroll calculations, its strong focus on employee self-service, and its robust analytics capabilities. The platform's emphasis on employee experience, with features like on-demand pay and flexible scheduling, is also a notable strength.

However, while the platform is generally well-regarded, some users express concerns about implementation complexity, system performance, and the overall cost of ownership. Additionally, while Dayforce offers a vast array of features, some users find the HCM platform overwhelming and difficult to navigate. Still, Ceridian Dayforce stands as a competitive player in the HCM market, with a strong focus on innovation and customer satisfaction.

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5. UKG Pro

UKG Pro Logo

Website: Visit UKG Pro

G2 Rating: 4.2 (1493)

UKG Pro positions itself as a comprehensive HCM platform designed for mid-sized to large enterprises. The platform offers a broad suite of HR functionalities, including core HR, talent management, payroll, benefits administration, time and attendance, and workforce management. UKG Pro is recognized for its focus on employee experience, emphasizing features that foster engagement and well-being. Users often praise the platform's robust analytics capabilities, which provide valuable insights into workforce trends. Additionally, UKG Pro's strong mobile application and integration capabilities are frequently highlighted as strengths.

Some users express concerns about implementation complexity and ongoing support. Additionally, the cost of UKG Pro can be a barrier for some organizations. Despite these challenges, UKG Pro remains a dominant player in the HCM market, offering a powerful solution for organizations seeking to optimize their HR processes and drive business success.

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6. SAP SuccessFactors

SAP SuccessFactors Logo

Website: Visit SAP SuccessFactors

G2 Rating: 4.1 (1273)

SuccessFactors, now part of the SAP suite, is a leading cloud-based HCM platform renowned for its suite of HR modules. It offers core HR, talent management, performance management, recruiting, onboarding, learning management, and analytics capabilities. SuccessFactors is praised for its ability to streamline HR processes, improve employee engagement, and provide valuable insights through data analytics. User reviews highlight the platform's scalability, flexibility, and focus on user experience.

However, implementation complexity, customization limitations, and a steep learning curve can be obstacles for some organizations. Additionally, while SuccessFactors offers a vast array of features, some users find the platform overwhelming and difficult to navigate. Overall, SuccessFactors has a strong reputation for delivering value to organizations of all sizes, especially those already familiar with HCM software systems.

Visit SAP SuccessFactors

7. ADP Workforce Now

ADP Workforce Now Logo

Website: Visit ADP Workforce Now

G2 Rating: 4.1 (3418)

ADP Workforce Now is a popular HCM platform that offers a robust suite of features including payroll, time and attendance, benefits administration, talent management, and HR administration. Known for its strong focus on payroll accuracy and compliance, ADP Workforce Now also provides robust reporting and analytics capabilities.

Users often praise the platform's ease of use, mobile accessibility, and dedicated customer support. However, some users express concerns about system performance, customization limitations, and overall cost. Additionally, while ADP Workforce Now offers a wide range of features, some users find the platform overwhelming and difficult to navigate. However, ADP Workforce Now remains a popular choice for businesses seeking a comprehensive HCM solution.

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8. TriNet (Formerly Zenefits)

TriNet (Formerly Zenefits) Logo

Website: Visit TriNet (Formerly Zenefits)

G2 Rating: 4 (643)

Trinet offers a robust suite of HCM features designed to streamline HR operations. Its platform encompasses core functionalities such as payroll processing, benefits administration, talent acquisition, and employee self-service portals.

Users often commend Trinet for its comprehensive approach, providing a one-stop solution for various HR needs. Additionally, the platform's ability to handle compliance matters and offer access to competitive benefits packages is frequently highlighted as a strength.
However, some users express dissatisfaction with the platform's user interface, finding it cumbersome to navigate. Furthermore, while many praise Trinet's customer support, others report inconsistencies in service quality and response times.

Visit TriNet (Formerly Zenefits)

9. Workday

Workday Logo

Website: Visit Workday

G2 Rating: 4 (1322)

Workday is a cloud-based HCM platform renowned for its user-friendly interface and robust feature set. It offers a comprehensive suite of HR functionalities including core HR, talent management, payroll, benefits administration, and workforce planning.

Users often praise Workday's intuitive design, real-time analytics, and ability to streamline HR processes. The platform's scalability and flexibility are also frequently cited as strengths.

However, while many users appreciate Workday's mobile capabilities, others express concerns about the platform's customization options and potential limitations in handling complex HR processes. Additionally, some users have reported implementation challenges and ongoing support issues. Despite these drawbacks, Workday remains a popular choice for organizations seeking a modern and efficient HCM solution.

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10. NetSuite

NetSuite Logo

Website: Visit NetSuite

G2 Rating: 4 (3243)

NetSuite is a mix of HCM and Enterprise resource planning (ERP) software, which makes it an ideal option for companies who want all their processes handled through one system. The integrated and flexible software provides features like payroll processing, compensation management, expense management, time tracking, purchase requests, and an employee center. The employee center provides an employee self-service option that provides full mobility to employees.

Users report the software is extremely user-friendly and can be mastered in only a matter of days. However, it can be hard to understand the APIs that are available for integration. NetSuite works best for companies that want centralized software and have decent resources.

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11. Oracle HCM

Oracle HCM Logo

Website: Visit Oracle HCM

G2 Rating: 3.5 (525)

Oracle HCM is designed for large enterprises seeking a robust and scalable HR solution. It offers a wide range of functionalities, including core HR, talent management, payroll, benefits administration, and workforce planning. Known for its strong financial foundation and integration capabilities with other Oracle applications, the platform provides deep analytics and reporting features.

Users often praise Oracle's ability to handle complex HR processes and support global operations. However, user reviews indicate that the platform can be complex to implement and configure, with a steep learning curve for users. Additionally, some users express concerns about the platform's user interface and the overall cost of ownership. Still, Oracle HCM is a popular choice for organizations with complex HR needs and a strong preference for Oracle's technology stack.

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How to Choose the Best HCM Software for Your Human Capital Management Needs

Since people-related processes are what drive your company, having effective human capital management is essential for business success. While core HR functions like payroll, benefits, and employee records are fundamental, the best HCM software goes beyond these basics.

To select the ideal solution, clearly define your specific needs. Consider what additional HR and HCM features would enhance efficiency, such as applicant tracking, performance management, or employee engagement tools.

Evaluate HCM platforms based on their ability to meet your core requirements and offer valuable extras. Some businesses may benefit from integrated HCM solutions, while others might prefer standalone HR software with strong integration capabilities.
Ultimately, the best HCM software is one that aligns with your organization’s unique goals and empowers your HR team to excel.

Things to Keep in Mind Before Choosing an HCM Software

If you’re still confused about choosing an HCM software that’s right for your company, keep these things in mind:

  • icon of a dollar sign Company size and employee count: Determine the scale of your HR needs.
  • the green icon of a server Process automation: Identify which tasks can be streamlined through HCM software.
  • icon of a dollar sign Budget: Allocate funds for the software and potential implementation and support costs.
  • icon of a clock face Employee training: Assess the time and resources needed for staff adaptation.
  • icon of a heart Essential services: Prioritize payroll, benefits, HR functions, and other critical needs.
  • icon of an integration symbol Integration: Evaluate the necessity of connecting with existing systems.
  • icon of software UI cells Desired features: Consider additional tools like e-signatures, applicant tracking, or reporting.
  • icon of a heart Interface preference: Choose an HCM system that aligns with your team's style and processes.
  • icon of a clock face Process automation goals: Define the extent to which you want to digitize HR operations.

The answers to these statements will give you an idea of your company's needs and help you decide on the best HCM software. 

GoCo offers an all-in-one HR platform designed to simplify the complex world of human capital management. By consolidating HCM functions, payroll, onboarding, benefits, and more into a single solution, GoCo eliminates the need to juggle multiple software systems with the adaptability to scale along with your business. 

With features like electronic forms, provider management, employee databases, and self-service portals, GoCo streamlines HR processes and provides a comprehensive toolkit and support to set businesses up for success. 

Want to see GoCo’s HCM features for yourself? Take a free interactive tour of the GoCo platform today!

See how GoCo can simplify your HR

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FAQs

What is Human Capital Management (HCM) Software?

HCM software is a technology platform that helps businesses manage their employees efficiently. It encompasses various HR functions, including payroll, benefits, recruiting, performance management, and more. By centralizing these processes, HCM software streamlines operations, improves data accuracy, and provides valuable insights for informed decision-making.

Why is HCM software important for businesses?

HCM software streamlines HR processes, improves efficiency, reduces errors, enhances employee experience, and provides valuable data for decision-making.

How do I choose the best HCM software for my business?

Consider factors like company size, budget, required features, ease of use, scalability, and customer support. It's also important to evaluate the software's ability to integrate with any existing systems that you wish to keep.

What is the average cost of HCM software?

The cost varies depending on the size of your business, the features you need, and the provider. Many offer tiered pricing plans to accommodate different business sizes and features.

How long does it typically take to implement HCM software?

The implementation time depends on the complexity of the software and your company's size. It can range from a few weeks to several months.

What are the key benefits of using GoCo HCM software?

GoCo simplifies HR processes, saves time, improves efficiency, enhances employee engagement, and provides a centralized platform and intuitive interface for managing HR data. It also offers strong customer support, scalibility, and affordable pricing.