There are a significant number of factors to consider when choosing the right human capital management provider for your business. At a bare minimum, the right tech should meet your needs, align with your goals and streamline your HR and payroll processes through automation.
In an ideal world, HCM software should be built on a single database, not through a patchwork of multiple outside apps. A single-database software helps ensure the accuracy and security of your data and provides a seamless user experience for your workforce. More importantly, having all your tools in one database allows that data to flow freely within a single system, eliminating data reentry and unlocking full-solution automation.
While many HCM providers offer a range of tools and functionality, some are limited in their ability to automate, require an abundance of redundant steps or simply fall short of meeting your business’s needs. Finding tech that’s comprehensive is key. It should allow you to manage everything in one place, including:
- payroll and taxes
- scheduling
- time and attendance
- position management and personnel action forms
- expenses
- learning and certification management
- hiring and onboarding
- performance and compensation
- benefits
- surveys
- and more
The best HCM software helps you stay compliant with domestic and international employment laws. Having the ability to automate reports helps protect your organization from audits, violations and other penalties.
The right tech should also be paired with exceptional service. Be sure to do your due diligence and explore the types of service and support a provider offers. Watch for those that prioritize your success with one-on-one support, ongoing training and more without tacking on additional fees.
One of the more important factors to consider is data security. Be sure to ask about the provider’s standards, where data is stored, if it has on-site security and even how it uses AI. These factors will help determine how protected your data will be.
Our HCM Buyer’s Checklist covers all this and a whole lot more. It will give you a better understanding of what you need, what an ideal provider should offer and narrow down your options significantly.