The Top Human Resource Management Tools in 2024

Human resources (HR) is the backbone of every business. Companies rely on it to improve employee experience, decide compensation, provide benefits, impart training and development, and more. Hence, it’s unsurprising that many HR leaders in 2024 aim to eradicate manual paperwork completely and introduce HR management tools to retain valuable talents.

However, with several resource management tools to choose from, HR professionals struggle to find the perfect solution for their company’s needs. Don’t worry; we’ve examined dozens of different human resource software to give you the best tools overall. Here are the top human resource management tools in 2024!

What is Human Resource Management (HRM)?

Human resource management involves coordinating, managing, and organizing a company’s employment process to improve productivity and achieve its vision or goals. This includes recruitment, employee relations, performance management, training and development, benefits and compensation administration, payroll & HR systems, and compliance & employment law.

Remember, these seven functions are essential to tackle your business’s workforce challenges in 2024. They help you invest in employees, making them more likely to contribute to your business’s overall success.

Types of Human Resource Management Tools

You can leverage various human resource management software to save time, expertise, and resources. Collectively, these tools handle all essential HR processes, from recruitment to employee exit interviews. We shall discuss the sought-after tools for particular HRM functions, their features, and benefits. They include:

• Performance Management Tools
• Compensation Management Tools
• Recruitment Tools
• Learning and Development Tools

Performance management tools

These tools are excellent for contributing to employee development and improving productivity to strengthen your business’s internal operations. When finding a vendor for performance management tools, you may want to consider an app that supports regular feedback mechanisms, performance reviews, transparent communication, and data analytics. 

That said, here are our favorite HR performance management tools to explore in 2024:

1. Leapsome: Best for performance reviews and feedback

Leapsome lets HR professionals bridge the gap between performance management, learning, and employee engagement. It has the functionality to run 360-degree reviews and impactful performance that are easy to set up and complete. 

The software empowers HR managers to create custom questionnaires and conduct Employee Net Promoter Score (eNPS) surveys using pre-designed question templates. Ultimately, it gives you an all-in-one engagement platform to build a high-performing, resilient company.

Pros:

• Supports customizable review templates 
• Multiple features to track employees’ individual goal 
• 360 peer reviews  
• Fosters a more open work environment with its one-on-one communication feature
• Provides learning paths to guide new hires

Cons:

• The UI isn’t friendly.
• Some available features are missing from its menu
• Few integration options

2. PerformYard: Best for goal setting and tracking

As the name implies, PerformYard is a human resource management software that lets you set and track employee goals, key results (OKRs), and other metrics. It’s designed to streamline your performance management process by bringing goals into your review cycles to update progress. 

You’ll find its dashboard helpful for assessing how individual employees’ objectives affect team goals in real time. PerformYard also makes it easier for HR managers to keep the human touch of HR by ensuring open and regular feedback through structured check-ins.

Pros:

• Tracks individual and team goals throughout the year
• Easy to understand performance analytics
• Offers expert-level support to all users
• Integrates excellently with the human resource information system (HRIS) system
• Connects company goals with performance reviews

Cons:

• Limited integrations
• High learning curve to understand goal notifications
• No custom reminders

3. Actus: Best for performance appraisal and management

When it comes to facilitating performance appraisals, Actus is the tool for you. At its core, the solution helps to recognize achievements, provide feedback, identify areas for improvement, and support employee development. The platform emphasizes self-assessments, enabling employees to reflect on their performance and accomplishments. 

Similar to other HR management tools, it has goal-setting and alignment capabilities. You’ll appreciate Actus for rewarding high-performing employees and creating a positive work environment.

Pros:

• Works with several HR systems
• Provides multiple performance appraisal tools
• Customizable analytics and reporting
• Employee performance management database
• Regular check-ins and feedback sessions

Cons:

• Price is expensive 
• A few clunky features
• It can be glitchy

Compensation Management Tools

Compensation management tools are crucial for planning and administering payment packages to ensure a company is internally equitable and competitive. Many of these tools have standalone payroll-specific software, while others feature Human Capital Management (HCM) or HRIS solutions alongside several other functionalities. 

Here are our top compensation and payroll management platforms for companies of all sizes:

1. Aeqium: Best standalone compensation solution

Aeqium is undoubtedly a solid replacement for using spreadsheets to track payment cycles. This tool lets HR professionals set up specific pay bands for various departments and roles in the company.
To eliminate redundant data entry, you can integrate it into your payroll software, HR solutions, ERP solutions, HCM software, and PEO solutions.  And that’s not all. Using Aeqium, you’ll find it easier to identify potential weak spots in your compensation processes, such as gender pay gaps. This way, you can analyze how much women earn in relation to the rest of your workforce.

Pros:

• Friendly and accessible user-interface
• Comprehensive analytics
• Customizable pay bands and reporting features
• Free plan for small enterprises with a limited budget
• Promotes pay transparency

Cons:

• Users may struggle with a high learning curve
• Difficult to track industry compensation changes
• No payment benchmarking suggestions

2. Deel: Best for hybrid teams

If your work structure comprises team members who work remotely and on-site from different locations, we recommend Deel for disbursing payments easily. The solution supports companies with businesses having employees in about 150 countries. 

As a result, you don’t need to bother about handling taxes, government declarations, payslips, and benefits in different locations. The best part is that Deel is budget-friendly and has a free plan to ensure equitable compensation across your business.

Pros:

• Free plan for up to 200 employees
• Built-in integrations for HR, finance, and more
• Supports companies with diverse employees
• Provides real-time global payroll reports
• Inclusive payment system

Cons:

• Lacks built-in time tracking functionality
• Quite pricey
• Limited features in European countries

3. Workday: Best for large enterprises

Workday Human Capital Management (HCM) is a highly customizable compensation management tool suitable for large enterprises with multiple employees. The platform automates your payroll process in seconds, reducing manual errors during calculations. 

It allows HR managers to plan and allocate compensation budgets and forecast future needs. As a popular HCM solution, Workday guarantees 100% statutory compliance. So, rest assured your business will not inadvertently incur fines or penalties for flouting labor laws while using the software.

Pros:

• Easy to customize features
• Integrates natively with over 600 third-party software
• Displays compensation history 
• Links compensation with performance metrics to motivate employees
• Salary benchmarking

Cons:

• Less scalable than other payroll management software
• The user interface requires a high learning curve
• Slow loading time for large reports and data sets

Recruitment Tools

Recruitment tools are a necessity for every HR professional. They make the hiring process more streamlined and quicker. Before you can even evaluate an applicant, these tools already help optimize and organize the selection process. Now, some recruitment solutions focus on talent management, while others use social media to source, attract, and engage potential candidates. 

Without further ado, these are our top recruitment tools to use in 2024:

1. BambooHR: Best for talent management

If you need to streamline your hiring processes in the blink of an eye, BambooHR is your best pick. It’s one of the human resource tools that covers every stage of an employee’s lifecycle, from onboarding to performance evaluation. 

This tool is especially useful for tracking passive applicants, organizing resumes, scheduling interviews, and assessing skills throughout the hiring process. Considering BambooHR is designed for small and medium companies, you’ll have no issue using it for employee retention, growth, and satisfaction.

Pros:

• Automates onboarding and offboarding workflows
• Provides multiple recruitment functionalities 
• Integrates excellently with services like Slack, Greenhouse, and Indeed
• Offers a centralized database 
• Allows for collaboration among recruiters, managers, and HR teams

Cons:

• Limited KPIs in the reporting feature
• Complex UI interface
• Advanced functionalities require specific paid plans

2. HireVue: Best for prioritizing candidate experience

HireVue helps you create an outstanding experience for candidates regardless of whether you hire them or not. With this HRM solution, you can nurture relationships with applicants over time, even if there are no suitable current openings. The tool does a pretty good job of scaling up your interview. 

With its video capability, you can virtually interview candidates and ensure a smooth transition for them once they’re hired. Moreover, it lets you scrutinize candidates beyond their cover letters and resumes by introducing game-based assessments.

Pros:

• Provides live video functionality 
• Incorporates game-based and technical assessments
• Leverages conversational AI 
• Introduces pre-hire assessments
• Generates structured interview templates

Cons:

• Video functionality usually experiences glitches
• No open slots for candidates to arrange appointments
• Video quality can be poor

3. GoHire: Best for creating and posting job descriptions

GoHire takes off the stress of job posting and distribution on your HR managers. You can create, post, and distribute openings across several job boards and social media in one click. The tool tracks applicants, collects information, and automates workflows. 

With GoHire, you can integrate the human element while selecting the best candidate. The software gives you admin control to oversee the recruitment process and coordinate available interview time slots.

Pros:

• Comprehensive template library
• Data importation
• Advanced reporting and tracking system
• One-click job posting to multiple boards
• Candidate scoring and rating capabilities

Cons:

• Doesn’t integrate with native email services
• Slow performance time
• No integration with local job listings

Learning and Development Tools

As learning and development (L&D) is one of the core functions of HRM, it’s vital you opt for solutions that help employees acquire new skills and stay up to date with trends in the industry. An ideal L&D tool creates training programs, introduces gamification, provides interactive courses, and more to make corporate learning more effective. 

Let’s dive into the best learning and development (L&D) tools in 2024:

1. TalentLMS: Best for corporate training

TalentLMS is a platform focused on employee onboarding, compliance training, and customer training. This solution tops our list of the best L&D tools due to its simple and relevant training courses. Rather than seeing learning as tedious, your employees will find it fun and interactive.

Its authoring functionality lets HR professionals create online courses using surveys and quizzes. Besides, TalentLMS gives employees the option to pace their learning. Therefore, it’s unlikely anyone will find it tasking to learn and work simultaneously. 

Pros:

• Provides customizable course templates
• Budget-friendly with a free one-month trial
• Available in 30+ languages
• Responsive and intuitive UI
• Offers content management in courses

Cons:

• A limited number of users for a subscription
• Few reporting features
• Doesn’t load epubs as guides

2. Docebo: Best multifunctional LMS

Another excellent learning suite for training employees is Docebo. This AI solution lets you automate online learning by purchasing courses via its marketplaces. So, instead of creating course guides from scratch, you can save time by buying them.

Docebo offers outstanding learning social functionalities like user-generated content, QA threads within learning modules, and curated content sharing. That means you can use the tool as a corporate social media channel for employees.

Pros:

• More than 500 integrations
• Simple to understand learning analytics
• Crowdsourced e-learning content
• Customizable and clean dashboards
• Offers several plugins for flexibility

Cons:

• No authoring features
• The certification renewal feature is clunky
• Difficult to run its mass course management

3. iSpring Suite: Best for authoring courses

iSpring Suite is an excellent learning management system (LMS) with several authoring features. As a company, it lets you create courses from scratch to improve your interactive learning content. Apart from creating standalone guides, the solution enables you to combine courses into learning tracks.

What’s more? The tool provides ready-to-use interaction templates to create catalogs, glossaries, references, FAQs, and timelines. As a result, you’ll be making employees’ learning experience more entertaining and convenient.

Pros:

• Creates advanced online courses with role-plays, instructional videos, and quizzes
• Provides dialogue simulations
• Offers free mobile apps for Android and iOS
• Automates employees’ training program
• Functions as a PowerPoint add-in

Cons:

• No multiple selection in its content library
• No closed captions on the courses
• Limited gamification functionalities

Frequently Asked Questions

What are the biggest HR trends in 2024?

As human capital increases in value daily, HR professionals will likely emphasize talent retention and personal development. So, in 2024, here are the seismic shifts to expect in HRM:

• HR techs like workforce tracking software, augmented and virtual reality (AR/VR), and training solutions
• Tech-enabled employee self-service
• Office digitization
• Generative AI like ChatGPT
• Metaverse in HR
• Workplace hyper-personalization
• Data-driven diversity, equity, and inclusion (DEI) strategies

What should a good HR management tool include?

Here are the factors to consider when selecting human resource tools:

• Task automation
• Friendly user interface
• Centralized employee database
• Scalability
• Integration capabilities
• Dedicated customer support
• Complaince management
• Employee self-service (ESS)
• Customizable reporting
• Onboarding and offboarding
• Compensation management
• Learning and development

What are the challenges HR professionals may face in 2024?

Regardless of evolving industry trends, technology, global events, and human element, HR professionals may face the following challenges:

• Skills gap and learning development
• Talent acquisition and retention
• Upskilling and reskilling employees
• Hiring talent in a competitive global workforce
• HR technology selection
• Cloud transformation/Modernization

Conclusion

Like everything else, HRM functions have evolved over the years. Compared to the post-pandemic period, there’s now more emphasis on leveraging HRM tools for performance management, recruitment, compensation, learning & development, and more. 

Therefore, it’s essential you hone HR tools to streamline your work processes. In fact, with the introduction of new tech in 2024, it’s an exciting opportunity to leverage HR management tools and create a better workplace.

If you’re looking to learn more about various SaaS tools to become a people management powerhouse, check our Techwriteable reviews and productivity hacks to stay on top of industry trends.

Contributors: Yinka ODUFOTE (Technical Writer);  Samuel ADENIRAN (Graphics Designer)