Find out why these HR tech solutions are a cut above the rest
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By 2020, 30% of global midmarket and large enterprises will have switched to a cloud HCM system for administrative HR and talent management needs, according to market research firm Gartner.
Not everybody, however, is eager to jump to the cloud for their HCM suite, the firm noted.
Some businesses are happy where they are with their on-premise solution. Others are concerned about the cost or security of cloud tech, while others are too busy juggling competing IT priorities to make the shift.
But to companies that are now reaching a level of digital maturity, Gartner has named four HCM software vendors that are leading the pack in the 2018 Magic Quadrant. Here’s a quick rundown:
Workday
Most notable features/benefits:
- Core HR functions
- Global benefits administration
- System performance
- Reporting capabilities
- Mobile application functionality
Oracle
Most notable features/benefits:
- Compensation planning
- Benefits administration
- Career and succession planning
- HR service delivery
- Recruiting Cloud module
- Work Life solutions
- Advanced Controls to integrate AI/personal digital assistance
Ultimate Software
Most notable features/benefits:
- Fixed-bid implementation to allow buyers to predict costs
- Expanded AI and machine learning use cases
- Mobile application functionality
- Performance management
- Career and succession planning
- Time-capture module
SAP
Most notable features/benefits:
- Mobile app functionality co-designed by Google
- Job analyzer that uses machine learning to check for unconscious bias
- Visa and work permit management tool tailored to individual countries
- HR service delivery
As HR continues its digital shift, comprehensive cloud HCM suites will replace some aspects of face-to-face HR management.
“This shift to digital HR administration is driving the need for compelling and personalized UXs, as applications become the ‘face’ of HR departments,” Gartner said.