10 Best Affordable HCM Software

Human Capital Management software (HCM) is a type of enterprise-class software that helps organizations manage and maintain their workforce. HCM software integrates different functions such as payroll, time-sheet, productivity analytics, recruiting, training, and performance reviews into one platform.

The software is the core system to keep a record of employee information. It helps maintain diversity and inclusion in the organization and improves employee engagement. 

How it is Beneficial to Organizations?

1. Transforming HR Processes for Improved Operations

An HCM platform consolidates an enterprise’s HR data in one system, acting as the central repository for managing employee records, payroll processing, benefit administration, attendance tracking, compensation management, etc. This allows businesses to maintain compliance, stay organized, and operate more efficiently. 

2. Harnessing Data for Informed Decision Making

With the help of HCM Software, organizations can leverage analytics to gain comprehensive insights into their employee data, allowing them to make informed decisions. Organizations can see to it that their policies and processes are having the desired impact on the business. 

3. Ensuring Top talent retains

As the demand for skilled talent continues to grow, organizations must ensure they hire the right person for the job and retain them. An HCM tool can help businesses to identify the best candidates for the job. The software also enhances employee engagement by offering career planning and training to current employees.

Here are the 10 most used HCM Systems

There is a lot of software available in the market, but we have sort listed 10 systems that are widely used.

1. Bamboo HR

BambooHR is a cloud-based HCM software built to assist businesses with their HR functions. The software is customizable and user-friendly. It is an ideal tool for small and medium enterprises. The tool has mobile access and offers integration with other HR tools, making it a popular choice among others. It is paid software but it comes with a free trial for testing purposes.


  • HR Data and Reporting
  • Hiring and Onboarding
  • Payroll, Time, and Benefits
  • Integration Marketplace
  • Employee Experience and Performance

It is paid software but it comes with a free trial for testing purposes.

2. Zoho People

Zoho People is an online human resource management software. It is a cloud-based application to help businesses manage their HR processes more efficiently. The software can automate various tasks like recruiting, onboarding, employee management, attendance tracking, and timesheet. 


  • Employee Management
  • Employee Onboarding
  • Attendance Tracker
  • Shift Scheduling
  • Timesheets
  • Corporate LMS
  • Performance Management
  • HR Analytics

Zoho People has 5 price options which are $0.58/user/month, $1.17/user/month, $1.75/user/month, $2.34/user/month, and $4.27/user/month respectively.

3. Freshteam

Freshteam is a cloud-based software designed by Freshworks to manage all HR workflows in one place. It facilitates pre-onboarding tasks such as form filling, document signing, and providing handbooks to new hires. The tool takes complete note of employee time off, self-service to raise requests, manager approval workflows, and more. 


  • Applicant Tracking System
  • Time Off
  • Employee Information System
  • Onboarding and Offboarding
  • Mobile App
  • HR Reports
  • Integrations

The software comes with both free and paid versions according to business needs.

4. Zenefits

Zenefits is a cloud-based HR software platform more effective for small and medium-sized businesses. Zenefits’ People Platform delivers the most comprehensive, intuitive HR experience in the market. Its HR, Benefits, Payroll, and Performance apps combine with advisory services and tightly integrated partner apps to radically simplify HR administration – reducing paperwork and complexity so companies can focus on starting, running, and growing their businesses


  • Hiring and Onboarding
  • Employee Management
  • Time Off Tracking
  • Business Intelligence
  • Documentation Management
  • Payroll

The price of the tool starts from $10/month to $27/ month.

5. Namely

Namely is a cloud-based technology platform specially designed for mid-sized businesses. It provides an all-in-one platform that includes HRIS, payroll benefits, and talent management. Namely can simplify benefits management, help avoid compliance mistakes that can result in fines or penalties, and help avoid losing the trust of business leaders and missing out on top talent.


  • Benefit Administration
  • Payroll & Time
  • Compliance
  • HR Analytics
  • Payroll Management

The pricing of the tool depends on the usability of the user.

6. Paycor

Paycor HCM software offers a range of features to handle people management, ranging from recruiting and onboarding to payroll, career development, and retention. The platform is designed to help HR teams and businesses achieve their goal. Some of the features are tailored to the needs of businesses based on industry, size, and role. 


  • HR+ Payroll Software
  • Talent Management
  • Workforce Management
  • Employee Experience
  • Benefits Administration

The software’s price differs depending on the organization’s size.

7. Gusto

Gusto focuses on offering its services to startups and small organizations. The services include HR tools, benefits administration, payroll services like automated payroll runs, tax filings, etc. The HR tools it offers include time tracking, onboarding, and compliance.


  • Time and Attendance
  • Hiring and Onboarding
  • Talent Management
  • Insights and Reporting
  • Integrations

The pricing of the software starts from $46/ month and varies depending on the size of the business and the services required. 

8. ADP Workforce Now

ADP Workforce Now is a cloud-based HCM solution that provides insurance, human resources payroll, benefits administration, and retirement services. The software is meant for all types of businesses, from small to large enterprises. It is a comprehensive application that manages the workforce more efficiently. 


  • Payroll
  • Time & Attendance
  • Talent Management
  • Benefits Administration
  • ADP Data Cloud
  • ADP Standout
  • Workforce Management

The software offers multiple offerings depending on the size of the business.

9. Orange HRM

Orange HRM offers a scalable solution for small and medium-sized businesses. It is a trusted software worldwide, having a user-friendly UI design. It is open-source software and can be customized according to the specific needs of the organizations.


  • Organization Management
  • Time, Attendance, and PTO
  • Expense Management
  • Salary Structures
  • Expense Management
  • Compliance
  • Benefits Administrations

The pricing varies according to the needs of organizations. 

10. Workday

Workday HCM is one of the most popular cloud-based software used in today’s time. It consolidates a wide range of HR functionality into a single system. Workday Skills Cloud uses ML to automatically align talent with opportunities. Workday HCM is fit for all sizes of organizations and applies to almost all industries. 


  • HR Management
  • Benefits Administration
  • Talent Management
  • Planning and Analytics
  • Project Management
  • Payroll
  • Recruiting, Time Tracking

The pricing of the software differentiates according to the use case of businesses. 

Final Thoughts

In conclusion, businesses no longer have to break the bank to invest in HCM software. The above-mentioned HCM software options offer affordable pricing plans and a range of features that can help businesses manage their human resources efficiently. HR software Development is an important part of a business’s workflow and can be used to increase efficiency and improve customer satisfaction

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