Are you looking for a reliable HR/HRMS solution to streamline your company’s HR processes? Have you thought about the key advantages that a cloud-based solution could offer? This article will ensure you understand these advantages and list some of the leading HR/HRMS solutions in 2024 to help with your search.
What Is an HR/HRMS Solution?
HR/HRMS software allows businesses to streamline, manage and automate many of their daily HR tasks. You can generate and distribute paychecks, track annual leave and sickness days, generate progress reports, manage job applications, and much more. Employees can even access their own HR tools, allowing them to take responsibility for individual tasks. These digital software solutions save time and money while minimizing the unnecessary use of paper or printer ink.
HR management systems can be divided into two distinct categories:
- HRIS, or Human Resource Information System – used to organize and manage employee information and records
- HRMS, or Human Resource Management System – this typically is more comprehensive, including more complex features than an HRIS and allowing employee engagement
What Are the Benefits of a Cloud-Based HR/HRMS Solution?
Many modern HR software services are cloud-based, negating the need for installing and maintaining expensive software. Cloud-based HR solutions offer easy and quick access, improved collaboration, scalability, and enhanced security. Cloud-based HR solutions simply require a monthly or annual subscription for instant access to the required tools. With everything available in a centralized location at the end of your fingertips, more and more businesses are turning to cloud-based solutions, including HR payroll software, to support their HR processes, streamlining payroll and employee management tasks for increased efficiency and accessibility.
Top Cloud-Based HR / HRMS Companies in 2024
Here, we have summarized some of the best cloud-based HR/HRMS solutions in 2024, carefully considering their cost, usability, and features.
1. BambooHR
BambooHR is a leading cloud-based, all-in-one HRMS that operates as a monthly subscription service. Designed for small and medium-sized businesses (over 89% of their customers are SMBs), BambooHR allows essential HR processes to be streamlined and managed centrally. With BambooHR, all employee information, including payroll and time tracking, can be stored centrally and securely, and you can instantly access powerful reporting and editing tools. It features a handy mobile hiring app and applicant tracking system to simplify the process of hiring and onboarding new employees. BambooHR also allows you to monitor employee performance and satisfaction, keeping the focus clearly on staff happiness and retention.
BambooHR can instantly integrate with many other apps that are commonly used in HR management. A customized quote for BambooHR is available upon request, and they do offer two separate packages depending on your company’s needs, the ‘Essentials’ or the ‘Advantage’ package.
2. Gusto
If you are looking for an HRMS that offers a simple and easy-to-use interface, then Gusto may be your best bet, providing an all-in-one platform for managing your company’s HR needs. Whether your company is a start-up or a well-established business, Gusto offers the tools to keep on track with your HR tasks.
A selling point for start-ups is the ease of use of Gusto, ensuring that even those inexperienced in HR can tackle their duties. In addition, the budget-friendly pricing options ensure its availability to any size business, with the option to upgrade as your business expands.
3. Zenefits
Another leading HR management offering, Zenefits, offers users advanced functionality at a cost-effective price point. As an affordable HRMS option, Zenefits is suitable for any size of business and can be adapted to expand with the company. A 14-day free trial allows users to test Zenefits before committing.
With solutions for workforce management, payroll, talent acquisition, and time tracking, Zenefits really does offer it all. However, despite its user-friendly interface, employees will need a fair bit of training to get up to speed with Zenefits compared to other HRMS solutions.
4. Freshteam
If you are a growing business looking to streamline your HR procedures, then Freshteam has everything you need. It provides 4 key systems for applicant tracking, onboarding and offboarding, storing and accessing employee information, and employee time tracking.
A key advantage of Freshteam is the ability to integrate it seamlessly with other products offered by its parent company, Freshworks. These products include Freshmarketer, Freshchat, and Freshsales. With a well-designed pricing structure, Freshteam offers a free version for small businesses (with up to 50 employees) and 3 paid tiers to support businesses as they grow.
5. Workday
Workday is a cloud-based centralized finance and HR management software solution that supports businesses all across the globe. It is a powerful platform that combines all the necessary tools into one easy-to-use system, including workforce management, time tracking, employee benefits, recruitment, and learning. Workday is passionate about investing in AI and Machine Learning to enhance HR functions and analytics moving forwards.
6. ADP
ADP was originally founded in 1949 as a manual payroll processing company. It has since expanded significantly to incorporate a full suite of industry-leading payroll, HR, tax, and compliance services. With ADP, companies can opt to outsource their HR and payroll processes to a team of experts. It offers advanced HR analytics, allowing users to make data-driven business decisions. ADP can integrate easily with required third-party applications.
7. Namely
Namely is an excellent choice of HRIS platform for mid-size businesses that employ between 25 and 1000 staff across all industries. Unlike many of the other platforms on the market, Namely provides a greater option for customization across its tools; for example, employee performance reports do not follow a strict template. Instead, users can tailor the analysis to meet their needs.
Namely has been designed to boost employee engagement, offering a self-service employee portal.
8. Sage HR
Previously known as CakeHR, Sage HR provides cloud-based HR management solutions to businesses in the UK, the US, Canada, and over 40 other countries globally. Packed with features, users can access Sage HR via the online portal or an accessible and user-friendly mobile app. While you must contact Sage HR directly for a custom quote, they operate using a per-employee/per-month pricing model, meaning that you will only pay for the service you use.
9. UKG Workforce Ready
UKG Workforce Ready, previously known as Kronos Workforce Ready, is the result of an exciting merger between 2 leading technology companies – Kronos and Ultimate Software (hence the name UKG, or Ultimate Kronos Group). UKG Workforce Ready provides its workforce, payroll, and HR management platform to any size company, but is specifically geared towards SMEs. While UKG Workforce Ready offers plenty of useful features, some users complain that a steep learning curve is required to master the software.
10. Bob
Bob, which you may sometimes see referred to as HiBob, is a modern HRMS platform designed to drive productivity, employee engagement, and retention. Bob provides employees with a personal profile constructed in the style of popular social media sites, making it easier and more appealing for them to use. Bob also provides culture-building tools which enable employees to be grouped and sorted based on facts such as their expertise and hobbies. It allows the formation of specific hobby clubs to drive social connections.
Bob can integrate seamlessly with over 40 popular HR software systems and users can also benefit from a feature-rich mobile app.
How Can Atlantic.Net Help?
Adopting a leading cloud-based HRMS solution will help you to streamline your company’s HR processes, ensuring 24/7 access to vital HR information from anywhere in the world. Using cloud-based software will also help your company to keep within budget and ensure state-of-the-art data security.
Are you looking for a reliable hosting provider to host your cloud-based HR/HRMS solution? Atlantic.Net is ready and waiting to help. With over 30 years of proven experience, our full suite of managed services and trusted professional support team will build the perfect customized hosting solution to support your business or organization.
Atlantic.Net is SOC 2 and SOC 3 certified, HIPAA and HITECH audited via qualified and independent third-party auditors. We provide 24x7x365 support, monitoring, and world-class data center infrastructure. You can find out more information by contacting our sales team today!
