Single-Database HCM Solutions Drive Cross-Business Success

This document is a report detailing the findings from a custom study commissioned by Paycom, focusing on the impact of single-database human capital management (HCM) solutions on business efficiency and analytics. The study reveals that many organizations currently utilize multiple HCM providers, which complicates automation and data sharing across the employee lifecycle. Key findings indicate that a unified HCM solution can streamline processes, reduce administrative burdens, and enhance decision-making through seamless data integration. The report outlines the top HR and payroll goals for the next 12 to 24 months, emphasizing the importance of efficiency, analytics, and automation. It also highlights the challenges faced by organizations using disparate HCM systems, including difficulties in creating accurate workforce reports due to decentralized data. The document concludes by presenting the potential benefits of adopting a single, automated HCM solution, which respondents believe would positively influence both HR and broader business goals.