Leading Global HRIS Vendors and Their Standout Features
As a business expands internationally, it becomes increasingly important to have a Human Resource Information System (HRIS) that can support a global employee experience. In this blog post, we will be discussing the key features to look for in a global HRIS and some of the top vendors that offer these features.
Companies are more likely to be multi-national than ever before. However, global companies are struggling to deliver HR software services to their global employees. Most companies are still using US-centric platforms that cannot support their non-US regions well.
Here's what to look for in a global HRIS and some vendors to consider:
Global Employee Experience
The ability to provide a localized experience for each employee is crucial for a global HRIS. This includes support for local currencies, languages, and holidays. A system that feels truly catered to the employee's region and location will lead to higher employee satisfaction and engagement.
Global Support
When it comes to customer support, it's important to ensure that it's available around the globe. Support centers should be located in different regions to ensure that they understand the nuances of each region. The support team should also be able to answer questions about compliance and labor laws for each region.
Global Employment
A global HRIS should be able to support multiple types of employment across every region. This includes the ability to hire contractors through the system, administer employment contracts, and pay their invoices. The system should also be able to support the hiring of full-time employees in regions where the company has entities set-up. It should also have the capability to accurately pay taxes and file paperwork. Additionally, the system should have an employer of record (EOR) or Professional Employers Organization (PEO) offering to make hires in regions where the company does not have entities set-up.
Leading Global HRIS Vendors
Some of the top global HRIS vendors that meet these criteria include:
Hibob
Overview:
Founded in 2015, Hibob is a global HR platform headquartered in Tel Aviv, Israel. The company serves over thousands of customers in over 60 countries, with a focus on small and medium-sized businesses. Hibob offers a comprehensive HRIS system that includes employee self-service, time tracking and a payroll report, but the biggest differentiator for Hibob is that they've leaned heavily into the employee experience offering functionality to support performance reviews, employee engagement and compensation reviews. See a demo of Hibob
Pricing:
- $21-29 PEPM (per employee per month)
Rippling
Overview:
Founded in 2016, Rippling is a San Francisco-based HRIS and IT management platform. Rippling is best suited for small and medium-sized businesses. Rippling offers an all-in-one platform that includes HR, payroll, benefits, IT, and security. It also offers the ability to manage all employee data, compliance and integrations with more than 1000 apps. Rippling's built on cutting edge enterprise software principles and prioritizes integrations and no-code workflows. They launched a global HRIS & payroll initiative in 2022. See a demo of Rippling
Pricing:
- $22-31 PEPM (per employee per month)
Darwinbox
Overview:
Founded in 2015, Darwinbox is a global HR software company based in Hyderabad, India. The company is a market leader in Asia-Pacific and is expanding into the Americas in 2023. Darwinbox is best suited for medium to large businesses. Darwinbox offers a comprehensive HRIS system that includes talent management, payroll, compliance, and employee self-service. It also offers advanced analytics and reporting capabilities too. Darwinbox has pioneered many HRIS innovations including voice bots, AI-powered analytics and a built-in integration studio.
Pricing:
- $15-20 PEPM (per employee per month)
Workday
Overview:
Founded in 2005, Workday is a global HR and financial management software company based in California, United States. The company serves thousands of customers worldwide, and is best suited for large businesses. Much of the Fortune 500 uses Workday today. Workday offers a comprehensive HRIS system that includes talent management, payroll, compliance, and financial management. It also offers analytics and reporting capabilities.
Pricing:
SAP SuccessFactors
Overview:
Founded in 2001, SAP SuccessFactors is a global provider of cloud-based HR software, part of the German software company SAP. The company serves over thousands of customers worldwide, and is best suited for larger enterprises. SAP SuccessFactors offers a comprehensive HRIS system that includes talent management, payroll, compliance, and employee self-service. It also offers analytics and reporting capabilities. SuccessFactors is very strong in talent management and offers advanced recruiting, performance and compensation tools.
Pricing:
- $26-38 PEPM (per employee per month)
Ceridian Dayforce
Overview:
Founded in 1992, Ceridian Dayforce is a global HR and payroll software company based in Minneapolis, United States. The company serves over thousands of customers worldwide, and is best suited for medium enterprise companies. Ceridian Dayforce offers a comprehensive HRIS system that includes talent management, payroll, compliance, and employee self-service. It also offers analytics and reporting capabilities. Ceridian Dayforce is built on a single database which allows for a very powerful, accurate and automated payroll, time & benefits engine. Ceridian rebranded to Dayforce in early 2024.
Pricing:
- $22-30 PEPM (per employee per month)
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In conclusion, a global HRIS is a crucial tool for any business that operates in multiple countries. It should provide a localized experience for each employee, offer global support, and have the ability to support global employment. By looking for these key features and considering the top vendors in the market, your company will be well on its way to finding the perfect global HRIS system.
FAQs
1. What is a global HRIS (Human Resource Information System)?
A global HRIS, or Human Resource Information System, is a software solution designed to streamline and automate HR processes across multiple countries and regions. It typically includes features such as employee data management, payroll processing, talent management, compliance management, and reporting functionalities tailored to meet the requirements of diverse regulatory frameworks.
2. Why is choosing the right global HRIS important for multinational companies?
Choosing the right global HRIS is crucial for multinational companies to effectively manage their workforce across different countries. A robust HRIS can help standardize HR processes, ensure compliance with local regulations, improve employee experience, and provide insights into global workforce data, ultimately contributing to increased efficiency and productivity.
3. What are the key features to look for in a global HRIS?
When evaluating global HRIS vendors, consider the following key features:
Localization: Support for local currencies, languages, and holidays to provide a personalized experience for employees in each region.
Global Support: Availability of customer support centers in different regions to address regional nuances and compliance requirements.
Global Employment: Ability to support various types of employment contracts, including full-time employees, contractors, and freelancers, across multiple countries.
Compliance Management: Tools and functionalities to ensure compliance with local labor laws, tax regulations, and reporting requirements in each country of operation.
Integration Capabilities: Seamless integration with other HR systems, payroll providers, and third-party applications to streamline data exchange and workflow automation.
4. What are some standout features of leading global HRIS vendors?
Some standout features of leading global HRIS vendors include:
Hibob: Emphasis on employee experience with features for performance reviews, employee engagement, and compensation management.
Rippling: All-in-one platform combining HR, payroll, benefits, IT, and security management with extensive integration capabilities.
Darwinbox: Advanced analytics and reporting capabilities, voice bots, AI-powered analytics, and built-in integration studio for customization.
Workday: Comprehensive HR and financial management software with advanced analytics, reporting, and talent management tools.
SAP SuccessFactors: Cloud-based HR software with robust talent management features including advanced recruiting, performance, and compensation tools.
Ceridian Dayforce: Single-database platform offering powerful, accurate, and automated payroll, time & benefits management, and comprehensive HRIS features.
5. How can OutSail assist in selecting the right global HRIS vendor?
OutSail provides free services to help companies find the right global HRIS vendor tailored to their specific needs. By leveraging OutSail's expertise and industry knowledge, companies can access a curated selection of top global HRIS vendors, compare features, pricing, and user reviews, and make informed decisions that align with their business objectives and requirements.
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