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It refers to a suite of software that organizations use to manage internal HR functions. From employee data management to payroll, recruitment, benefits, training, talent management, employee engagement, and employee attendance, HRMS software helps HR professionals manage the modern workforce.

The Difference Between HRIS and HCM Software HCM software gives you the ability to engage fully on an employee-specific level in areas like employee performance, analytics, and onboarding while HRIS provides more basic-level employee data.

A human resource management system (HRMS) is a software application used to store employee information and support various human resource functions, such as benefits, payroll, recruiting, training, etc. This term is often used interchangeably with human resource information system (HRIS).

The terms HRMS and HCM are still interchangeable and you will find information on both if you do a web search. HCM is now commonly used to describe a complete suite of HR applications, built in the cloud, that are designed to improve the employee experience.

Human resource management (HRM) primarily focuses on core administrative HR functions such as maintaining employee records and administering benefits. Human capital management is a broader term that includes HRM functions as well as strategic functions such as analytics and performance management.

Workday HCM is a cloud-based human resource management software system that unifies a wide range of HR functionality into a single system.