The most common question or issue is whether it makes sense for an employer to utilize one “all-in-one” HCM solution for all of their HR technology needs, or if a multiple “point solutions” is the better approach. The idea that there is a single HCM solution that can address all your HR technology needs is the biggest myth in this space.

The challenge is determining the cost and overall impact either option will have. Of course, hard dollar costs are important, but experts would argue the soft dollar outcomes are likely more impactful and potentially represent a greater expense.

Please note that the information contained in this posting is designed to provide general awareness in regard to the subject matter covered. It is not provided as legal, medical, or tax advice, nor is it intended to address all concerns in your workplace or for public health. No representation is made as to the sufficiency for your specific company’s needs. This post should be reviewed by your legal counsel or tax consultant before use.