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Despite fierce competition from Google, the folks at Zoho seem to be determined to offer a very complete office & productivity online package and emerge as the leader in this crowded space. Their latest offering is Zoho People, an online "people management & recruitment solution" as they call it, which boils down to what we're used to calling "human resources management".
Zoho People provides you with a dashboard which lets you control every aspect of your company's workforce: recruitment, organization, departments, salaries, leaves of absence, holidays, trainings - in short, I wasn't able to remember anything that Zoho People didn't have.
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As Allen at Center Networks correctly suggests, Zoho People won't work in large corporations simply because they probably have some enterprise grade system in place, and is thus best suited for SMBs. However, Zoho People looks good enough that even some larger companies might consider switching from an expensive system to lower costs.
Check out the screenshot tour here; see the online videos, or try the online demo. You can also see an overview video below.