However, some providers have recently added functionality dedicated to contingent and/or freelance workers. Primarily, HCM suites are used to manage full-time and part-time employees. However, these enterprises will still need to source 20 percent to 30 percent of their HCM requirements through point solutions.Ĭloud HCM suites support a range of HCM capabilities, such as HR Administrative Functions (Admin HR), HR Service Management (HRSM), Talent Management (TM) applications, and Workforce Management (WFM). Gartner states that “cloud Human Capital Management (HCM) suites deliver functionality that helps organizations attract, develop, engage, retain, and manage their workforces.” Additionally, Gartner has predicted that by 2020, 60 percent of global midmarket and large enterprises will have invested in a cloud-deployed human capital management suite for administrative HR and talent management. recently released its 2019 Magic Quadrant for Cloud HCM Suites for 1,000+ Employee Enterprises.
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