6 April 2023 HR Systems in 2023: 10 Leading HRMS platforms HR systems are an essential area for HR professionals to focus on in order to stay competitive and improve organisational efficiency Kye Ayobiojo HR AI Machine Learning With the rapid pace of technological advancement, it has been increasingly important to stay up to date with trends and technologies as an HR professional. One area that is particularly important in this regard is the move to Cloud based SaaS HRMS solutions.One of the key emerging trends in HR systems is the increasing use of artificial intelligence (AI) and machine learning. These technologies are being used to automate many HR processes, such as recruiting, onboarding, and performance management. This not only saves time and resources, but also improves the accuracy and consistency of these processes. For example, the introduction of chatbots is now commonplace in many HRMS platforms which makes the user experience smoother and more efficient.Another trend is the increasing use of “All-in-one” cloud-based SaaS HR systems. These systems offer greater flexibility and scalability, and can be accessed from anywhere, making them ideal for organisations with distributed workforces. Cloud-based systems also tend to be more cost-effective, as they require less infrastructure and maintenance than on-premise solutions.Early adopters in Cloud based HR systems space tend to be large organisations with significant resources and a strong focus on innovation. However, smaller organisations are now also benefitting from these technologies, The key is to create the right internal Project team and choose the right partner that is the best fit for your organisation.One example of a successful HR systems transformation comes from a science instrumentation company Spectris, a global company with 9000 employees head-quartered in London. In 2020, Spectris embarked on a project to transform its HR systems, unifying disparate legacy systems that had been patched together due to acquisitions, with the goal of creating a more user-friendly and streamlined experience for employees. The company implemented a new cloud-based HR system including mobility for employees to access their HR information from anywhere, which turned out to be a critical feature just as employees were having to work from home due to pandemic lockdowns. The transformation was a success, with the new system giving employees transparency to review their objectives and check their performance, driving engagement and motivation.According to a report by Grand View Research, the global HR software market is expected to reach $30 billion by 2025, driven by increasing demand for automation and the need to improve HR processes.Below is a list of some of the leading HRMS solutions in the market today, some suitable for SME’s and some for corporates:Deel:Deel is an all-in-one HRMS that is best suited for international teams. Its features include automated payroll, compliance management, and contract management. Pros include excellent customer support and an easy-to-use interface. Cons include limited customisation options and a high price point.Paycor:Paycor is an HRMS that offers solutions for payroll, time and attendance, HR management, and more. Its pros include comprehensive reporting and analytics capabilities and excellent customer support. Cons include limited integrations with other software systems and a somewhat steep learning curve.Sapling: Sapling is an HRMS designed for mid-sized businesses. It includes features such as onboarding, performance management, and employee engagement tools. Pros include excellent user experience and a comprehensive suite of features. Cons include a higher price point compared to some other options and limited customisation options.Workday: Workday is an HRMS that offers a range of features, including HR management, payroll, time tracking, and more. Its pros include excellent reporting capabilities and advanced analytics tools. Cons include a higher price point and a somewhat steep learning curve.PeopleBookHR: PeopleBookHR is an HRMS that includes features such as employee self-service, time and attendance tracking, and payroll management. Pros include an easy-to-use interface and an affordable price point. Cons include limited integrations with other software systems and a lack of advanced reporting capabilities.Built For Teams: Built For Teams is an HRMS that includes features such as HR management, onboarding, and time tracking. Its pros include an affordable price point and excellent customer support. Cons include limited customization options and a lack of advanced analytics tools.VAIRKKO: VAIRKKO is an HRMS that offers features such as HR management, scheduling, and training management. Its pros include an easy-to-use interface and a comprehensive set of features. Cons include limited customisation options and a higher price point compared to some other options.Collage HR: Collage HR is an HRMS that includes features such as HR management, benefits administration, and compliance management. Pros include an affordable price point and excellent customer support. Cons include limited customisation options and a lack of advanced analytics tools.People HR:People HR is an HRMS that includes features such as HR management, employee self-service, and time and attendance tracking. Pros include an affordable price point and an easy-to-use interface. Cons include limited customisation options and a lack of advanced reporting capabilities.PeopleGuru:PeopleGuru is an HRMS that includes features such as HR management, payroll, and benefits administration. Pros include excellent customer support and a comprehensive suite of features. Cons include a higher price point compared to some other options and a somewhat steep learning curve.
