Guide to selecting HCM solution
Get the guide:

Guide to Selecting an HCM Solution

HCM | Guide
Last Updated: 03/09/2019

Get this free guide

For many companies of all sizes and sectors, finding and deploying a high-quality human capital management (HCM) solution is a top-level focus. HCM can deliver invaluable insight into employee performance, leading to more effective, efficient HR decision-making.

Considering the complexity of this field, and the numerous options available, this document should serve as a guide for finding the ideal HCM solution for any given organization.

In it is an easy-to-review checklist you can use to compare HCM vendors side-by-side. The checklist includes a wide range of topics to consider, including:

  • Does the vendor have a business continuity plan?
  • Does it provide standard and custom reports?
  • Can employees access retirement contributions?
  • And much more

* This content is for educational purposes only, is not intended to provide specific legal advice, and should not be used as a substitute for the legal advice of a qualified attorney or other professional. The information may not reflect the most current legal developments, may be changed without notice and is not guaranteed to be complete, correct, or up-to-date.

Recommended for you

A business person stressed at work
Human Resources, Management | Article
How to Manage Stress at Work
Finding ways to help employees manage stress at work is in an employer’s best interest. Consider these insights on how to reduce employee stress.
Arizona paid leave law
Compliance, Human Resources, Payroll | Article
Arizona Paid Sick Leave Law Now in Force
Proposition 206, The Fair Wages and Healthy Families Act, was approved by voters in Arizona last November, setting higher minimum wage rates and mandating that eligible employees working for covered employers receive up to 40 hours of paid sick leave annually.
sales tax remittance
Taxes, Payment Processing | Article
The State of Your Sales Taxes: How Prepared Are You to Remit?
The process of sales tax remittance by business owners is often an afterthought and not well-planned. By reviewing sales tax remittance requirements in advance, small businesses can avoid several common problems and mistakes.
tax scams
Finance, Taxes, Payment Processing | Article
3 Tax Scams that Can Ruin Your Business
Tax fraud doesn't just affect individuals; businesses lose millions every year to these schemes. Here are three schemes to be aware of - and how to protect your business from falling prey to them.
Team building tips
Human Resources, Management | Article
4 Team Building Strategies for Effective Organizations
Think beyond trustfalls and team dinners to help your teams accomplish more. Instead, focus on these four team building considerations.
person talking to another person over video
Human Resources, COVID-19 | Article
Business Preparedness After COVID-19
Businesses face challenges; it comes with the territory: unqualified hiring pools, broken communication across teams, and demanding clients, for example. However, the COVID-19 pandemic presents a novel crisis: Business owners are dealing with a fast-moving virus that has already claimed hundreds of thousands of lives worldwide and left many Americans unemployed.
seasonal business fixed costs
Finance | Article
Managing Fixed Costs in a Seasonal Business
To manage fixed costs efficiently, small business owners need to think outside the box and consider new ways of leveraging their employees and products. A simple financial analysis can often point out ways to increase revenues or decrease costs.
Gavel and stethoscope represents healthcare in the court system
Compliance, Health Care | Article
Affordable Care Act Remains in Effect, Along with ESR Provision, After Appeals Court Ruling
The U.S. Court of Appeals for the Fifth Circuit upheld a District Court decision in Texas v. U.S. that rendered the Affordable Care Act individual mandate unconstitutional. They remanded the case back to the lower court for further analysis. However, the court of appeals did not invalidate the rest of law, so employers still have to meet obligations under the law.
small business accounting cycle
Finance, Accounting | Article
Applying the Accounting Cycle to Small Business
Even small companies with a relatively low volume of transactions can benefit from the structure of the accounting cycle when processing data.

About Paychex

Paychex was founded over four decades ago to relieve the complexity of running a business and make our clients' lives easier, so they can focus on what matters most.

We provide: