Human capital management (HCM) refers less to software and more to the highest level theories and practices of human resources administration. This starts with payroll and soars to include complex elements like compliance with international labor regulations and workforce planning years in advance.
Usually, complex, mature businesses employ HCM to optimize their workforces and potentially save billions of dollars. As a result, small-business owners are unlikely to get involved with this level of personnel management.
But, if you’re shopping for software for this tier, a top consideration gravitates around where to install the software. You can choose an on-premise deployment, which stores everything locally on your in-house infrastructure.
However, if your team is global, a cloud distribution may be superior. This type of installation keeps all data and applications on the vendor’s infrastructure. This way, it can be beamed worldwide on international servers, allowing faster load times for teams located abroad. Just be sure to double-check if a software company has cloud servers close to your international HR teams.