Five HR software systems to suit large companies
When you’re a large company, choosing an HRMS is a strategic decision. The right HRMS will empower your employees and save time. It will allow your HR team to deliver valuable insights through metrics while streamlining processes. Here are five options to consider if you are a large company looking for a new HRMS.
Workday is a popular cloud solution that is chosen by many customers due to its user-friendly interface and built-in functionality. It offers a range of business processes and has a proven track record of fast implementations. It is selected by large companies who want to incorporate HR best practices into their HR operations.
2. SAP SuccessFactors
SuccessFactors is another cloud solution that builds on SAP’s experience of providing HR software for 40 years. It has a wide user base of 183,000 customers so you’d be challenged to come up with an HR requirement that they haven’t seen before. SuccessFactors is strong in analytics and has mastered the art of Big Data to deliver management intelligence on a large scale.
3. Oracle HCM Cloud Solutions
Oracle built on its lengthy experience in the ERP market to create a modern cloud HRMS. Large companies usually have offices around the world and Oracle’s strength is delivering global HRMS functionality. If you are an organization that has employees who are active in social media you’ll want to take a look at the social functionality of Oracle HCM Cloud Solutions. It has embedded social tools into HR tasks like talent reviews, succession management, and recruitment.
4. Dayforce HCM
Dayforce HCM by Ceridian made news with its initial public stock offering in April 2018. Dayforce HCM offers a wide range of functionality in all areas of HR plus has document management. If your company has a high number of ‘gig’ workers like contractors or temps, Dayforce HCM is worth further consideration. It offers specialized functionality in this area such as day rate payments and complex calculations for days worked.
5. Ultimate Software UltiPro HCM
UltiPro HCM fits a lot of functionality into one application. If you are a large company with complex payroll needs for the US and Canada, UltiPro HCM is worth a look. It has features that support shift premiums, garnishments and retroactive pay. It includes a tax management solution within the HRMS to handle federal, state and local tax withholding. It also is recommended for large companies who need to track time and attendance as it is able to capture time and automatically send it to the payroll module.
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