HR Software - Difference B/W HRIS, HRMS, and HCM

While searching for human resource software, you’ll get a variety of solutions from different vendors.  HR Software is not a single solution you might have to go through different software named HRMS, HCM, and HRIS etc. These are the abbreviations of Human Resource Management Systems, Human Capital Management, and Human Resources Information Systems respectively.

These are the complete suite of cloud computing, databases, and software. These solutions manage each and every aspect of the workforce.

All of these solutions don’t have any descriptive definition or difference. Software developer and vendors have implemented slight differences among solutions.

HRIS, HRMS, and HCM are different systems that are interlocked within the collection of solutions. Nowadays organization is using these HR suites instead of small employee management solution. Employee management is now a small module that performs few important tasks including hiring, management, and payroll.

HRMS are more comprehensive solutions than a simple HRIS or HCM. Human resource information system shares a complete view of associated databases while HRMS give a vast preview including the interconnected databases as well as employee management.

Many software distributors are re branding their HCM & HRIS and give an impression that this is an updated version. HR software is an updated form of these solutions that can be easily managed with smooth accessibility.

The primary purpose of HRMS, HCM and HRIS implementation is to give control to the employer regarding every aspect of the organization.

These solutions manage followings:

• Employee as well as applicant tracking
• Task Management
• Payroll & Benefit Management
• Workforce requirement necessities
• Time & attendance tracking of employees
• Organization’s Profit Tracking
• Employee’s Goal Monitoring
• Career Development Tracking

There are numerous organizations selling a wide range of HR management solutions but before selecting any particular solution, it is determined by your requirements with right implementation. This initial determination is beneficial for successful implementation. Let’s have a look to solutions available in the market:

HR Software Solutions:

Vendors are offering HR software with initial subscription fees. These solutions are provided by keeping customer’s requirements as well as budget. These type of software are managed and hosted by vendors.

They could be easily accessed because there is no limitation of location as well as the device. You just need to provide monthly or yearly subscription charges according to the space requirement.

In-house Software

Here customer has to pay a license fee and purchase it for a specific time period. It offers different customization with a subscription.

These type of software are in-house implemented and managed by IT department. The vendor also provides support but mainly it is managed by your own IT department. None of the data could be accessed remotely and the organization has to pay separately to purchase specific hardware.

HR solutions whether in the form of HR Software or others are nowadays necessary for the companies to manage workforce and tasks. So, don’t confuse with name find and adopt the one that actually suits you.