Ramco HCM Review - why 3 stars?

Shlomi Lavi / updated: Apr 20, 2022

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What is Ramco HCM?

Ramco HCM is a human resource and talent management solution that can help users to manage all their organization’s human capital management needs: starting from hiring people to their retirements. It can manage the entire life cycle of an employee and offers both on-premise and cloud based deployment options for users.

Ramco Systems, the company behind this human resource solution, was founded back in 1999. The company is headquartered in Chennai and has offices across Europe, Middle East, US, APAC and Africa. The company has served more than 150,000 users from over 1000 customer organizations.

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Who is it best for?

Ramco HCM is perfect for large enterprises. The solution can be used by multiple verticals including manufacturing, banking, insurance, supply chain aviation, healthcare, retail, transportation and logistics, governance and more. Citibank and Seagate are some of the clients of Ramco HCM.

Main features and functionalities

Ramco HCM comes with workforce management, recruitment management, talent management, employee management, workforce planning and payroll and benefits features. The workforce management tool comes with employee record management, employee movement monitoring, organization layout, time management, compensation management and leave management features. The talent management feature comes with succession planning, career planning, talent assessment and performance management features.

The recruitment tool comes with job posting, request for hire, candidate management, internal hires, screening and evaluation, offer management and onboarding features. The payroll processing software included in this system can help you to manage deductions, earnings, bonus, leave and attendance, arrears, statutory requirements and taxes. The employee development feature comes with need analysis and scheduling, training requests, training administration, competencies model, training feedback and secondary assignments features.

What is the actual cost?

The cost of license starts at $80 per feature. ITQlick pricing score is 8 out of 10 (10 is most expensive). Access ITQlick pricing guide for Ramco HCM. You can also find here pricing information from Ramco HCM's website.

Pros

• Ramco HCM offers both on premise and cloud based deployment options for users
• Ramco HCM comes with insightful dashboards and built-in analytics unlike other similar tools
• The customer support of Ramco HCM offers online self-assisted support, online technical team support and offline support
• The human resource management solution offers recruitment and onboarding features unlike other similar tools
• Ramco allows you to import and export data in different formats.

Cons

• Ramco HCM doesn’t offer employee communities feature like other similar HCM tools
• Ramco HCM doesn’t offer much benefits management features which can be a problem for some users
• Advanced reporting and analytics features of Ramco HCM are available as an extension
• There are no features for diversity reporting and document management on the software.

How it stacks up?

Access a head to head analysis of Ramco HCM vs alternative software solutions.

Frequently Asked Questions (FAQs)