With remote work becoming the new normal, organizations can no longer afford to manage their HR operations manually. Doing so can put a severe strain on your HR team, frustrate your staff, and damage your employer reputation. That’s why it’s essential to implement HR tech that can help your HR team and your employees complete the tasks they need to from anywhere, at any time. This is where HCM software truly shines.
HCM software simplifies and automates almost all stages of the employee journey, from talent acquisition and talent development to core HR operations and talent management. Here are five features that every HCM system should possess to be considered an end-to-end people management solution:
Core HR operations
HCM software should be able to track, simplify, and automate all of your core HR operations, including payroll processing, attendance management, employee time-off management, case management, and timesheet management.
Talent development
HCM software should help your organization streamline and automate your training programs. It should come with a robust Learning Management System (LMS) that supports different courses, learning materials, learning styles, grading schemes, assessments, and more.
Talent management
HCM software is not only for your HR team. It should also help your employees climb up the career ladder and take your organizational success to the next level. Most systems facilitate this by allowing users to track goals, give two-way feedback, outline policies and expectations, and more.
HR analytics
A complete HCM system will include reporting and analytics. This helps you gain insights into significant trends that are affecting your HR operations, such as hiring, performance, turnover, attendance, or time off. This will help you understand the root causes of any issues your organization is facing and make decisions that cater to the needs and interests of your workforce.
Compliance management
It should go without saying that comprehensive HCM software will ensure compliance with any regional and national laws governing your organization. By centralizing your organization’s HR data and keeping it secured, audits will become a breeze.
Many HR software providers will claim to offer an end-to-end solution for human capital management, but truly complete HCM software will not miss out on any of these features. To go one step further, customization options and support tools should allow you to tailor any of these five features to align perfectly with your organization’s needs.
Read more about what to expect from each of these features in your next HCM software in our HR Knowledge Hive.
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