Finding the best human resources software can be challenging, as there are thousands of them to choose from. To help you out in your search for the best HRM software, we’ve compiled a list of the best Human Resource Management software. The comparison is done based on some benchmarks. Let’s get started.
What is HR Software?
The HR Software market is growing at an unprecedented rate and the market cap is about to hit $33.58 billion by 2026. While most companies and individuals know about HR Systems, the landscape is changing with newer additions every single day.
Since its inception, HR management software is restricted to employee data, payroll management, and benefits. Fortunately, the HRM industry has grown more all because of cloud technologies and other solutions.
Some new features of the new-age HRM Software include:
- Payroll management
- Time-off requests
- Benefits management
- ORG charts
- Task automation, and more
Types of HR Solutions
There’s not just a single type of HR management software you can choose from, There are multiple types of software, all of them offering different functionalities. The main category of HR Solutions include:
- Human Resource Management Systems (HRMS)
- Talent Management Software
- Human Resources Information Systems (HRIS)
- Human Capital Management (HCM)
- Core HR Software
- HR Administration Software
Benefits of Using an HR Management Software
There are several benefits of using a human resource management solution. The biggest benefit is that it frees up the HR Team from spending time on repetitive tasks. By freeing up time, the HR department can focus on other tasks such as improving employee experience, working environment, and more.
Other major benefits of HR software include:
- Streamlined working process
- Eliminates errors
- Constructive feedback
- Better analysis of employees
- Optimal management of organization documents and employee data
- Ensures compliance with federal regulations
- Improves succession planning
The Best HR Management Software for HR Managers
1. Monday.com
Monday.com is one of the market leaders when it comes to HRM. Lots of business managers and owners have praised Monday.com for everything it has to offer. Some of the top reasons to love Monday.com include:
- Clean and simple UI
- Simple system
- Easy to understand
- Interesting Core HR functions
Monday.com allows HR managers to stay on top of the recruitment process of a candidate and onboard new employees as fast as possible. You can even integrate Monday with 50+ integrations to make the workflow more seamless.
Features of Monday.com:
- Seamless employee onboarding
- 360-degree feedback with features
- Self-service portal
- Performance management
- Payroll management
- Application tracking
- Data visualization charts
- Benefits, time off, compensation management
- Seamless employee scheduling features
- Can integrate with multiple payroll software, that allows HR managers to make payroll automated.
2. Retable - Best for Boosting Employee Performance
Retable is a data management platform. But, it can improve your HR department from spending unnecessary time. It also allows you to manage your internal and external HR processes.
Retable offers you smart and easy-to-use spreadsheets and forms that can integrate into spreadsheets. It makes data management and HR processes simple and systematic.
Features of Retable:
- Task tracking and project management
- In-app chat and notifications
- Recruiting cycle management
- User authorization and role management
- In-app chat and notifications
- Trigger-action workflows
- Connection to different data points on Retable’s spreadsheets.
3. Freshteam - Reliable HR Software Solution
Fresheteams from Freshworks comes is one of the best HR management software out there. It acts like an all-in-one solution for HR teams.
When you use Freshteam, you can make sure that your HR teams are complying with regulations. Be it hiring, onboarding, time tracking, employee data, day-to-day workflows and more.
Features of Freshteam:
- Application tracking
- Onboarding and offboarding
- Employee information system
- Time off management
- Clean UI mobile app
- Detailed HR reports taking your team’s performance to the next level
4. QuickBooks Time - Helps in Employee Time Tracking
QuickBooks Time is an HR management software built especially for employee scheduling and tracking time. It also offers a self-service portal and payroll management functionalities.
Using QuickBooks, employees can track time from any location in real-time. The smartphone app allows HR teams to track time from anywhere.
QuickBooks Time also allows employees to clock themselves in. Self-service is one of the best features of any HRM software.
5. ADP Workforce Now - Best for Daily Task Optimization
ADP Workforce is an incredible human resources management solution with feature-rich offerings. The features include:
- Payroll
- Benefits
- Talent management
- Compliance
- Analytics
- Benchmarking
This HR management software can also integrate with other tools and solutions. All these integrations can be found within the ADP marketplace.
Features of ADP Workforce:
- Self-service portal
- Onboarding
- Applicant tracking
- 360-degree feedback
- Compensation and recruitment management
6. Paycor - Best for Payroll Management
Paycor is an all-in-one HR and Payroll management solution. Your HR team can import employee hours directly to the solution. You can view cash requirements before submitting payroll.
It offers all the benefits that you can get out of a digital solution that focuses on human resources.
Features of Paycor:
- Human resource management
- Talent management
- Employee experience
- Benefits administration
7. Gusto - Best HR Software for Small Businesses
Gusto is a web-based HR software specializing in workflow management for small teams. The tool has all the core HR functions that you can think of. Plus, it focuses a lot on employee satisfaction and improving the working experience.
Unlike other tools on our list Gusto doesn’t have 360-degree feedback, recruitment management, and application tracking. While having these features may make work easier, it can also make the tools too expensive for small businesses.
Features of Gusto:
- Compensation management
- Employee onboarding
- Self-service portal
- Time off and benefits management