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Sftard
BUYER’SGUIDE
HUMANRESOURCESSOFTWARE
COMPARISONOFTOPSOLUTIONS
HRAPPLICATIONS
COMMONFEATURES
TYPESOFBUYERS
MARKETTRENDS
NEXTSTEPS
OVERVIEW
HumanresourcessoftwareisdesignedtohelporganizationsmanageeveryaspectoftheirHRoperations,including:
?Sourcing
?Recruiting
?Applicanttracking
?Personneltracking
?Onboarding
?Timeandattendance
?Payroll
?Performancereviews
?Learningmanagement
NAVIGATEUSINGTHEMENUBELOW
OVERVIEW
SOFTWAREADVICEBUYER’SGUIDE:HUMANRESOURCESSOFTWARE,
COMPARISONOFTOPSOLUTIONS
HRAPPLICATIONS
COMMONFEATURES
TYPESOFBUYERS
MARKETTRENDS
NEXTSTEPS
WHATISHUMANRESOURCESSOFTWARE?
Humanresources(HR)softwaresolutionsmakemanagingalargeorgrowingworkforcemoreefficient.
Vendorsandbuyersalikeoftenrefertothiscategoryofsoftwareashumanresourcesinformation
systems(HRIS),humanresourcesmanagementsystems(HRMS)or
humancapitalmanagement(HCM)
software(thoughifyouwanttogetspecific,eachofthosecategorieshasitsownnuances).
WhatallHRsolutionshaveincommonistheirabilitytostreamlinethetraditionalHRfunctionsof
benefitsadministration,personneltrackingandpayroll.Butinadditiontoincreasingyourproductivity
byautomatingmanyoftheseadministrativeprocesses,HRsoftwarecanalsosupportyouonastrategiclevel,byhelpingyoutorecruit,developandmanageyourcompany’smostvaluableresource:itspeople.
OVERVIEW
SOFTWAREADVICEBUYER’SGUIDE:HUMANRESOURCESSOFTWARE,
OVERVIEW
HRAPPLICATIONS
COMMONFEATURES
MARKETTRENDS
NEXTSTEPS
ACOMPARISONOFTOPHRSOLUTIONS
Therearemanypopularaccountingsolutionsonthemarket,anditcanbehardtoknowwhat
distinguishesoneproductfromanotherandwhichisrightforyou.Tohelpyoubetterunderstand
howthetopaccountingsystemsstackupagainstoneanother,wecreatedaseriesofside-by-side
productcomparisonpagesthatbreakdownthedetailsofwhateachsolutionoffersintermsofpricing,applications,easeofuse,supportandmore:
TopBambooHRComparisons
BambooHRvs.Zenefits
TopWorkdayComparisons
Zenefitsvs.Workday
Zenefitsvs.Paychex
Zenefitsvs.Workday
TopADPComparisons
ADPvs.Zenefits
Paylocityvs.ADP
Namelyvs.ADP
TopPaychexComparison
Zenefitsvs.Paychex
TopZenefitsComparisons
ADPvs.Zenefits
BambooHRvs.Zenefits
TopNamelyComparisons
Namelyvs.ADP
TopPaylocityComparisons
Paylocityvs.ADP
COMPARISONOFTOPSOLUTIONS
TYPESOFBUYERS
SOFTWAREADVICEBUYER’SGUIDE:HUMANRESOURCESSOFTWARE
FunctionalityofHRSoftware
WorkforceManagement
StrategicHR
Timeand
Attendance
ApplicantTracking
System(ATS)
PerformanceReview
Employee
Scheduling
Learning
Management
COMPARISONOFTOPSOLUTIONS
HRAPPLICATIONS
COMMONFEATURES
TYPESOFBUYERS
MARKETTRENDS
NEXTSTEPS
OVERVIEWOFHRAPPLICATIONS
IndustrywatchersbreakdownthefieldofHRsoftwareintothreemaincategories:CoreHR,WorkforceManagementandStrategicHR—alsocalled
TalentManagement
orTalentAdministrationsoftware.
HRSoftwareApplications
CoreHR
Benefits
Administration
Personnel
Tracking
Payroll
OVERVIEW
SOFTWAREADVICEBUYER’SGUIDE:HUMANRESOURCESSOFTWARE
OVERVIEW
HRAPPLICATIONS
COMMONFEATURES
MARKETTRENDS
NEXTSTEPS
CoreHRencompassesthethreetraditionalhumanresourcesmanagementfunctions:benefits
administration,personneltrackingandpayroll.Everycompanywillrequirethesefunctionsonceithasreachedacriticalmassofemployees.YouneedcoreHRfunctionalitywhen,forinstance,manually
runningpayrollandmanagingemployeeswithspreadsheetsbecomestooburdensomeatask.
Workforcemanagement,or
Workforceadministration
asitisalsocalled,comprisestherangeof
softwaresolutionsintendedto
effectivelyscheduleandtrackyourworkforce
.Thesesolutionsare
idealfororganizationswhoseemployeesworkinshifts,andincludeapplicationstotracktimeand
attendance,monitorcompliancewithlaborlawsandusuallyincludepayrollfunctionality,orintegratewellwithotherpayrollsoftware.It’simportanttonotethatthereareindustry-specificsystemsthat
offerattendancefunctionalityoutsideofhumanresourcessoftware.Specifically,schooladministration
softwareprovideseducationorganizations
ameansoftrackingstudentattendance.Thiscanincludeprovidingonlineportalsforparentsandteacherstomonitorattendanceonline.
StrategicHRinvolvesgrowingyourcompanybyattractinganddevelopingthebestpeople,aswellasbettermanagingyourworkforceoverall.StrategicHRapplicationsgenerallyprovidesomecombinationofapplicanttrackingandrecruiting,learningmanagementaswellasperformancereviewfunctionality.Thistypeofsoftwarestreamlinesthesestrategicprocessestoensurethatacompanyisusingitsstaffasefficientlyaspossible,andalsothatemployeesarecontinuingtogrowanddevelop—increasing
employeesatisfactionandretentionrates.
Ofcourse,coreHR,workforcemanagementandstrategicHRfunctionsoftenoverlap.Whilethere
arebest-of-breedsolutionsforindividualfunctionsineachcategory,therearealsointegratedsuitesboastingacross-the-boardfunctionality.
COMPARISONOFTOPSOLUTIONS
TYPESOFBUYERS
SOFTWAREADVICEBUYER’SGUIDE:HUMANRESOURCESSOFTWARE,
OVERVIEW
HRAPPLICATIONS
COMMONFEATURES
MARKETTRENDS
NEXTSTEPS
COMMONFEATURESOFHRSOFTWARE
COREHR
Benefits
Managesemployeebenefitssuchaspaidtimeoff,medical/dental/lifeinsurancepoliciesand
Administration
401kparticipation.Examplevendors:OmnipriseHRM,EpicorHR,TritonHR.
Personnel
Centralizesemployeedata,suchasSSN,contactinformation,pastemploymentand
tracking
demographicinformation.Examplevendors:SageHRMS,Ascentis,LawsonHR.
Payroll
Tracksemployeesalaries,bonuses,401kcontributions,healthandotherdeductions;calculateswithholdingfortaxes;andcutspaychecks.Mostsolutionsprovideintegrationfordirectdepositaswell.Examplevendors:Halogen,VistaHRMS,TribeHR.
WORKFORCEMANAGEMENT
Helpsstafftrackemployeeattendanceandabsences,andenablesemployeestoclockinandout.
Manysolutions
alsotrackPTOandsickdays.Rules-basedenginesprovidealertswhenemployeesmissorperformestablishedamountsofwork.Examplevendors:TimeForgeLaborManagement,LaborVIEW,Kronos.
Time&
Attendance
Employee
scheduling
Providesfunctionalityforschedulingemployeeshiftsandattendancetoensurecompliance
withstaffingneeds.Systemscanscheduleemployeesacrossdepartments,locationsand
projects,andprovidealertstoemployeeswhenscheduleschangeandwhenstaffinglevelsareinadequate.Examplevendors:Ascentis,SageHRMS,UltiPro.
COMPARISONOFTOPSOLUTIONS
TYPESOFBUYERS
SOFTWAREADVICEBUYER’SGUIDE:HUMANRESOURCESSOFTWARE
COMPARISONOFTOPSOLUTIONS
HRAPPLICATIONS
COMMONFEATURES
TYPESOFBUYERS
MARKETTRENDS
NEXTSTEPS
STRATEGICHR
Applicant
Providesacentralizeddatabasethatletsrecruitersstoreapplicantinformationand
Tracking
employmentapplicationsthroughouttheapplicationprocess.Featuresincludecandidate
Systems(ATS)
tracking,applicantstatusmonitoringanddirectintegrationwithotherHRapplications.In
addition,manyvendorsincludeon-boardingfeatures,liketheabilitytoperformbackgroundchecks.Examplevendors:iCIMS,MarketRate,NuViewHR.
Employee
Alsoknownasperformancereviewsoftware,theseapplicationsofferacentralizedsystem
evaluation
wheresupervisorscanconductandtrackreviewswithemployees.Featuresperformance
measuring,trackingandgoalmanagement.Examplevendors:EmpowerbyECI,CornerstoneCSB,People-Trak.
Learning&
Establishesacentralizedhubtomonitornewemployeetrainingandtheongoingskills
development
developmentofexistingemployees.Featuresincludecontentauthoringandmanagement,
curriculumandcertificationpathdefinition,testingandreporting.Examplevendors:ProsperityLMS,HalogenTalentManagementSuite,SmartTeam.
OVERVIEW
SOFTWAREADVICEBUYER’SGUIDE:HUMANRESOURCESSOFTWARE,
OVERVIEW
HRAPPLICATIONS
COMMONFEATURES
MARKETTRENDS
NEXTSTEPS
WHATTYPEOFBUYERAREYOU?
Giventhewide
varietyofpopularHRsoftware
available,thetaskofchoosingonesolutionisdaunting.Tohelpyounarrowthefield,belowwepresentfourcommonbuyergoals.Oneormoreofthesegoals
mightalignwithyourneeds.
StreamlineHRadministrativetasks.Ifyou’reasmalltomedium-sizedcompanywithnoHRsoftware,
oryouareusingafewstandalonesolutionsthatyouwanttoconsolidate,youshouldconsideranintegratedHRsuite.ThiswillautomateyourmorebasicHRfunctionswithasinglesystem.Representativevendors:SageHRMS,SAP-HR,VistaHRMS.
Boostefficiencywhenrecruitingandhiringcandidates.Ifyouneedtoscaleyourworkforcequickly,abest-of-breedrecruitingandapplicanttrackingsolutionmightbeyourbestoption.Manyofthese
solutionscanautomaticallypostjobstojobboardsandsocialmediaoutlets,inadditiontosimplifyingcandidatetrackingandon-boardingofnewemployees.Withsearchabledatabasesofcandidatesandrobustreportingcapabilities,youcanmakethemostofyourcurrentcandidatepool,whileexpandingyourtalentbase.Representativevendors:SuccessFactors,COMPAS,GoHire.
Managealargepoolofemployeesworkinginshifts.Ifyouarefacedwiththetaskofstaffinga
workdaywithmultipleshiftstoassignandtime-offrequeststoapprove—suchastheshift-workfoundathospitals,grocerystoresorrestaurants—andneedbettertoolstotrackyourworkforce,youneedtobuilduptheworkforceadministrationpillarofyourHRIS.Manysolutionseitherfeatureabuilt-inpayroll
COMPARISONOFTOPSOLUTIONS
TYPESOFBUYERS
SOFTWAREADVICEBUYER’SGUIDE:HUMANRESOURCESSOFTWARE,
COMPARISONOFTOPSOLUTIONS
HRAPPLICATIONS
COMMONFEATURES
TYPESOFBUYERS
MARKETTRENDS
NEXTSTEPS
systemtohelpwhenrunningmassivepayrolls,orintegrateeffectivelywithyourcurrentpayrollsoftware
toensureallhoursworkedbyemployeesarecompensated.Representativevendors:LaborView,TimeAttend,TimeForce.
Developyourworkforce.Youwanttoensurethatyourbestemployeesarerecognizedandrewardedso
theystaywithyourcompanyandcontinuetodogreatwork.Thebroadcategoryoftalentmanagementsolutionshelpyoudothat,witheverythingfromperformanceappraisalsolutions,to
systemsfor
gatheringpeerfeedback,
to
employeetrainingtools
.Benefitsincludeincreasedretentionrates,highermoraleandgreateremployeeproductivity.Representativevendors:HalogenTalentManagementSuite,Kenexa2x,NuViewHR.
OVERVIEW
SOFTWAREADVICEBUYER’SGUIDE:HUMANRESOURCESSOFTWARE,
OVERVIEW
HRAPPLICATIONS
COMMONFEATURES
MARKETTRENDS
NEXTSTEPS
MARKETTRENDSTOUNDERSTAND
Asyouevaluateahumanresourcesmanagementsystem,itishelpfultounderstandafewcurrenttrendsinthisindustry.
Consolidationofcloud-basedHRsoftwarestart-upvendors.Recently,therehasbeenatrendin
theHRsoftwareworldtowardconsolidatingasmanyapplicationsaspossibleunderonevendor.Assuch,companieshavefocusedondevelopingintegratedsuitesthatallowHRdepartmentstotrackanemployee’sentirelifecyclewithinanorganization.
Tothatend,manybest-of-breedprovidershavebeenacquiredbylargervendorslookingtoextendthebreadthoftheirintegratedsuitesolutions.Forinstance,in2012,SAPacquiredSuccessFactors;OracleboughtTaleo(oneofSuccessFactors’competitors)andSalesforce.comcompleteditsintegrationof
Rypple,asocialperformanceplatform.
Forbuyers,thisofferstheopportunitytobenefitfromlargercorporateresources,butitcanalsoleadtodisruptionsasacquiredcompaniesareintegratedandproductofferingsarerationalized.Inanticipation,buyersshouldlockinratesandservice/maintenancetermsintheircontractasthiscansavethema
headachedowntheline.
Adoptionofsoftwareasaservice.HRsoftwarevendorshavewidelyembracedtheSoftware-as-a-Service(SaaS),or“Web-based,”deploymentmethod.SaaSapplicationsareeasilyimplementedandupdated,andcanbeaccessedbyHRstaffandemployeesfromalmostanydevicewithanInternet
COMPARISONOFTOPSOLUTIONS
TYPESOFBUYERS
SOFTWAREADVICEBUYER’SGUIDE:HUMANRESOURCESSOFTWARE,
COMPARISONOFTOPSOLUTIONS
HRAPPLICATIONS
COMMONFEATURES
TYPESOFBUYERS
MARKETTRENDS
NEXTSTEPS
connection.AlthoughmostSaaSapplicationsallowforsomelevelofcustomization,itisimportanttorealizethatcustomizationoptionstosupportyourcompany’suniqueneedscanbesomewhatlimited.
ConsumerizationofHRsoftwaretechnology.Amajorshiftinthedevelopmentofenterprisesoftwarehasbeentheemergenceofconsumermarketsasaprimarysourceoftechnologyinnovation—atrend
calledconsumerization.Fromsocialmediaasarecruitingtoolto
mobileappsformanagingHRonthe
go
,consumertechnologiesarechangingthewayHRtechnologyisbeingused.Vendorsarebeefingupcollaborativecapabilitiesintheirsystemsanddevelopingmoreintuitiveuserinterfaces.Whenselectingthehumanresourcessystemthat’sbestforyou,third-partyreviewsofproductfeaturesareagreatwaytodistinguishwhichvendorswilldeliver.
OVERVIEW
SOFTWAREADVICEBUYER’SGUIDE:HUMANRESOURCESSOFTWARE,
NEXTSTEPS:WHICHISTHERIGHTHUMAN
RESOURCESSOLUTIONFORYOU?
Havequestionsabouthowtochoosetherightproductforyou?You’reinluck!Everyday,ourteamofadvisorsprovides(free)customizedshortlistsofproductstohundredsofbusinesses.
Togetfreepricequotesanddemos,youcanfillout
thisform
ordial(844)687-6771andspeakwitharealhumanaboutthehumanresourcessystemthatisthebestfitforyourbusiness’sneeds.
ABOUTSOFTWAREADVICE
SoftwareAdviceistheleadingonlineserviceforbusinessesnavigatingthesoftwareselection
process.Advisorsprovidefree,personalizedsoftwarerecommendations,helpingcompaniesof
allsizesfindproductsthatmeettheirbusinessneeds.SoftwareAdvicealsofeaturesobjective
researchbyindustryexpertsandreviewsfromvalidatedusers,savingbuyerstimeandresources.SoftwareAdviceisaGartnercompany.Formoreinformation,visit.
OVERVIEW
COMPARISONOFTOPSOLUTIONS
HRAPPLICATIONS
COMMONFEATURES
TYPESOFBUYERS
REVIEWERSCHOICE
MARKETTRENDS
TYPESOFBUYERS
NEXTSTEPS
SOFTWAREADVICEBUYER’SGUIDE:HUMANRESOURCESSOFTWARE
PRICING
GUIDE
HRSOFTWARE
HERE'SWHATWE'LLCOVER:
PRICINGMODELS
PRICINGRANGES
UNEXPECTEDCOSTS
PRICINGOFPOPULARSYSTEMS
THREECOMMONPRICINGMODELS
PERPETUALLICENSE
Anupfrontsumforthelicensetoownthesoftwareanduseit
inperpetuity.Thisisthemoretraditionalmodelandismost
commonwithon-premiseapplications.
SUBSCRIPTION
Amonthlyfeetousethesoftwareforaspeci?camountof
time.Subscriptionpricingbecamepopularwiththeadventof
Software-as-a-Service(SaaS).
OPENSOURCE
Licensesareusuallyfreeofcharge,whichreducesupfront
costs.Implementation,integration,andongoingmaintenance,
however,canbemajorexpenses.
COMPARINGCOSTSBYPRICINGMODEL
PERPETUALLICENSE
UPFRONT
COSTS
RECURRING
COSTS
OTHER
COSTS
SUBSCRIPTION
OPENSOURCE
HIGHER
LOWER
AVERAGE
?
?
PerpetualLicenseCost
Customization
InstallationandSetup
?
Maintenance(updates,patches,&upgrades)
PremiumSupportServices
SubscriptionFee
UPFRONTANDRECCURINGCOSTS
UPFRONTCOSTS
?
?
?
?
?
IntegrationwithExistingSystems
?
?
?
RECURRINGCOSTS
?
?
?
?
In-HouseorOutsourcedITConsultants
?
TOTALCOSTOFOWNERSHIP
Thebarsshowthecostperyearforaordeployment.Thosecostsaccumulateeachyearasillustratedbythelines,whichtendtoconvergeafter7-10years.
Aforsoftwaretypicallycostsmoreinthe?rstyear,withoccasionalcostsformajorupgradeswithin5-10years.
Afurtherspreadsoutthetotalcostandmayincludeadditionalcostsforupgradesbeyondthe?rstyear.
VisitourTOTALCOSTOF
OWNERSHIPCALCULATOR
foramoredetailedestimate.
MONTHLYFEE
BASIC
$3-$3,900
SUBSCRIPTIONPRICERANGES
ADVANCED
$688-$3,500+
PREMIUM
$293-$13,746+
FUNCTIONALBREADTHANDDEPTH
Note:Basic=(1-100employees),Premium=(101-250employees),andAdvanced=(250+employees).
Basicpackagecoversthebasicfeaturesoftheproduct,whereaspremiumpackagegenerallycoversbasicplussomepremiumfeatures,andadvancedpackageusuallyoffersbasicpluspremiumplusadditionalfeatures(usuallycustomizationfeaturesalongwithfeaturestosupportlargeteamsorenterprises).
OFTENOVERLOOKEDCOSTS
TRAINING
DATAMIGRATION
HARDWARE&IT
MAINTENANCE&UPGRADES
BambooHR
Eddy
EmployeeNavigator
Fingercheck
Gusto
Justworks
$2,063+
$2,049+
$755
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