What is Human Capital Management: The Ultimate Guide

What is HCM software?

What is the difference between HCM v/s HRMS v/s HRIS?

1. HCM ‍

2. HRMS ‍

3. HRIS ‍

What are the functions of a Human capital management software

1. Workforce management

  • Time and attendance management
  • Labour and meeting scheduling
  • Security and biometrics
  • Mapping & rolling out compensation
  • Tracking and implementing salaries/incentives.
  • Workforce planning
  • Budgeting

2. Talent acquisition

  • Candidate Sourcing
  • Candidate Screening
  • Application Tracking System (ATS)
  • Onboarding
  • Talent review
  • Succession planning

3. Employee engagement

4. Performance management & optimization

5. Analytics

What are the benefits of an effective HCM software

1. No more juggling between the squeaky wheels of spreadsheet

2. Decisions based on data & analytics, not on your gut

3. Priority to strategic planning over time-consuming manual efforts

4. End-to-end HR functions at your fingertips

5. Winning best talent in a challenging and diverse job market

6. Performance management wins the race, too

Why an HCM matters for your business

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