Against the backdrop of one of the most competitive labor markets in decades, all organizations are facing the challenge of attracting and retaining top talent while managing a workforce with increasingly complex requirements. More and more, CHROs are seeking software tools that go beyond traditional HR and payroll functions to deliver specialized capabilities that effectively address the hiring, performance management and employment engagement objectives of their organizations. With a myriad of solutions available, the vendor selection process can be daunting, and CHROs may be tempted to simply default to their current payroll provider who may offer some of the capabilities they’re seeking. However, as the shift to cloud-based enterprise software continues, HR professionals now have a golden opportunity to evaluate alternative approaches to legacy providers – and reap the benefits of flexibility, efficiency and innovation that next-generation, unified human capital management (HCM) solutions can offer.