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Human Capital Management (HCM)
Here, you'll find links to the information and resources you need to make an informed Human Capital Management (HCM) software selection.
Human capital management (HCM) solutions encompass applications for handling personnel-related tasks for corporate managers and for individual employees from the point of hire to the point of retire. HCM solutions provide the tools and technologies needed to enhance all facets of HR administration and employee relationship management.
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An HCM solution generally supports key functionality such as recruitment and staffing, personnel management, benefit management, payroll management, career development and succession planning, learning management, performance and compensation management, workforce management and planning, and health and safety administration. Most HCM solutions on the market today also support employee and management self-service functionality. These systems support human resources (HR) personnel by automating much of the work.
Don't know where to start?
We can help you identify the right type of software to evaluate.
Human Resources (HR)
Learning Management Suite (LMS)
Incentive and Compensation Management
Talent Management
Recruitment and Staffing
HUMAN CAPITAL MANAGEMENT (HCM) SYSTEM BUSINESS DRIVERS AND BENEFITS
Automate the processes of HR departments.
Provide a single point of access to candidate information and employee profiles.
Organize and increase the efficiency of HR processes.
Improve recruitment processes (at a global level)
Accurately administer career development, through performance incentives, learning, and more.
THE RISKS OF A FLAWED HUMAN CAPITAL MANAGEMENT (HCM) SOFTWARE SELECTION PROCESS
It's vital to integrate data from across your organization into a reliable source of information in order to ensure that HR can make better-informed and more strategic business decisions.
Your staffing levels may be lower than you think, especially if you factor in poor succession planning, absenteeism, short- and long-term disability, sabbaticals, parental leave, job sharing, and the like. An HCM solution can allow HR departments to better see and manage what is really happening with staffing levels.
Inadequacy with respect to an HCM solution can arise on two fronts: either the application is too "generic" to meet your specific requirements or, in the case where it does in fact address these requirements, it simply underperforms.
WHY USE THE HUMAN CAPITAL MANAGEMENT (HCM) EVALUATION CENTER?
Determine which human capital management solutions will best support your organization's human capital initiatives.
Evaluate and understand the functionality that addresses your Human Capital Management requirements.
Find the Human Capital Management solutions that are most likely to serve your business processes.
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