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It can be challenging to keep up with the ever-changing HR Management software market. OutSail helps hundreds of businesses buy new HRM systems each year, and these are the most popular platforms in 2022:
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Working with companies of all shapes and sizes allows OutSail to see which HRM systems are most effective for different companies.
In this article, you can learn about the 10 best HRM vendors of 2022 are and what companies they will work best for.
To learn even more about these vendors, you can request a free HRIS vendor report from our team. Each report is custom built to match your requirements and includes pricing, pros & cons, integration info & more
HRIS Matching App: Input your project goals and see your top HRIS matches - for free
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Average Customer Size: 25-350 employees
Founded in 2008, BambooHR has steadily risen to become a market leader in the SMB and Mid-Market. Bamboo offers a modern user interface and a wide breadth of modules - performance, recruiting, onboarding - all at a competitive price point. While Bamboo owns a payroll company, called Trax, many customers will use their own payroll / ben admin tools and use Bamboo for more employee-facing activities. Bamboo is also open to integrating with a variety of 3rd party HR tools
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Average Customer Size: 50-500 employees
Vendor Snapshot: Hibob is a great solution for modern companies that want culture at the center of their organization. Unlike most HRIS's that began as payroll vendors, Hibob started with performance, engagement and compensation at the core of their product. The emphasis on employee engagement leads to high usage from employees and better reporting for companies. Additionally, Bob is a global company and their solution is a strong fit for multi-national companies.
Average Customer Size: 25-300 employees
Vendor Snapshot: Rippling is the fastest growing companies in the HRIS industry today. Rippling takes a very modern approach to the market by emphasizing employee experience, integrations and people management. Rippling's integrations go beyond HR point solutions and can also work with tools like Slack, Teams, Salesforce and more. This can save IT hours of headaches, especially at companies with white collar workforces that use many business apps.
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Average Customer Size: 25-350 employees
Vendor Snapshot: Paycor went public in 2021 symbolizing their transition from regional payroll solution, to a large national player. Paycor has acquired cutting edge ATS, Performance and Engagement platforms to help grow their system. Being able to offer advanced talent acquisition and talent management tools, is a big advantage in today's labor market. Paycor is typically a cost-effective option and has landed well in industries like the nonprofit sector where their price point and scheduling capabilities are prioritized
Average Customer Size: 50-500 employees
Vendor Snapshot: Paycom is designed to be a one-stop-shop for mid-sized organizations, covering everything from payroll, benefits & HR to recruiting, onboarding, performance & learning. Paycom prioritizes employee self-service with the goal of having administrators do the least amount of work possible in the system. Paycom does not typically acquire or partner with 3rd parties to grow their capabilities, making the technology more integrated than peers in their space. This can lead to downstream advantages with reporting and reduction in manual re-entry
Average Customer Size: 50-500 employees
Vendor Snapshot: Paylocity started off as a payroll vendor and has the second most payroll clients (behind only ADP). Over time, however, they have developed a full suite HRIS system that can serve as a one-stop-shop for companies. The system is designed for mid-market companies and gets above average reviews for ease of use. Paylocity is strong in integrations and can support companies with global workforces too.
Average Customer Size: 200-5,000 employees
Vendor Snapshot: Kronos is well-known in the market for their workforce management tools (time collection, scheduling, workforce forecasting). These capabilities have served as the foundation for their HRIS platform which makes it highly effective for companies with large hourly workforces. The Kronos platform is often competitively priced an their support teams are broken out by industry, so the support you receive can be knowledgeable to your business.
Average Customer Size: 50-2,500 employees
Vendor Snapshot: ADP Workforce Now is a full suite HRIS system that has end-to-end capabilities, covering everything from payroll, benefits and HR to recruiting, onboarding, performance and learning. Workforce Now is utilized by companies of all shapes and sizes, but their strongest audience is in the Mid-Market. ADP is known for their strengths around payroll and tax filing, and also provides expertise to support virtually any business scenario. ADP also has a unique outsourced service, called Comp Services, that allows companies to put their payroll processing and benefits management on auto-pilot.
Average Customer Size: 250-10,000 employees
Vendor Snapshot: UKG Pro (formerly UltiPro) is the leading HRIS platform in the upper mid-market. UKG Pro is utilized by companies as small as 100 employees and as large as 100,000, but has developed a strong presence in the 500-5,000 employee range. UKG Pro is known for it's strengths around HR and Talent Management. While many of their peers developed payroll first and HR after, UKG has made HR their core competency from the get go, providing strengths around recruiting, engagement and employee development. UKG also has a loyal following from many of their customers due to their 'partners for life' philosophy.
Average Customer Size: 250-10,000 employees
Vendor Snapshot: Ceridian Dayforce is an all-in-one HCM offering that can cover every need from hire-to-retire. Ceridian Dayforce is a popular choice in the upper mid-market with an average customer size around ~700 employees. Ceridian is known for it's strengths around Payroll and Workforce Management. Ceridian has long been a top competitor to ADP in the payroll space, and in 2012, they acquired Dayforce, a leading Workforce Management platform. Since then, Dayforce has become their flagship offering and is a great solution for companies with complex payroll, time & attendance, scheduling and tax needs.
Businesses can determine the best HRM system for their needs by considering factors such as company size, budget, required functionalities (HRIS, payroll, time & attendance, etc.), integration capabilities, user interface, customer support, and scalability. Conducting thorough research, requesting demos, and reading reviews from similar-sized organizations can also aid in the decision-making process.
Popular HRM systems in 2022 include BambooHR, Hibob, Rippling, Paycor, Paycom, Paylocity, UKG Ready (formerly Kronos), ADP Workforce Now, UKG Pro (formerly UltiPro), and Ceridian Dayforce. Each system offers unique features and functionalities tailored to different business needs and sizes.
Businesses should look for HRM system functionalities such as employee data management, payroll processing, benefits administration, time and attendance tracking, onboarding, performance management, learning management, applicant tracking, and reporting and analytics capabilities. The availability of these features can vary depending on the chosen HRM system.
The cost of HRM systems varies depending on factors such as the vendor, included functionalities, number of users, and additional services (implementation, training, support). On average, businesses can expect to pay anywhere from $7 to $32 per employee per month for HRM systems, with some vendors offering tiered pricing based on company size and usage.
Many HRM system vendors offer customization options to tailor the system to the specific needs of businesses. Customization may include configuring workflows, creating custom reports, integrating with other business systems, and adding or removing modules based on evolving requirements. However, the extent of customization options may vary among vendors.
