Human Capital Management (HCM) Features and Functions
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 human resources (HR) administration and employee relationship management.
HCM solutions generally support 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 manager self-service functionality. These systems support HR personnel by automating much of the work.
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Human Resources (HR)
This knowledge base on human resources management systems affords clients the opportunity to rapidly determine their criteria for management and employee personnel tasks. Its extensive criteria include benefits and payroll management, employee self service, data warehousing, and health and safety requirements.
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Learning Management Suite (LMS)
The Learning Management Knowledge Base will help you select learning content and management systems. It covers the required tools for effective training, e-learning and virtual classroom, course management, competency management, and other criteria.
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Incentive and Compensation Management
Enterprise incentive management (EIM) and employee compensation management sit between HR, CRM, Accounting, and sales force automation. These applications help sales executives gain perspective on sales performance, business operations, and manage compensation programs. EIM solutions are used to improve sales strategies.
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Talent Management
Talent Management (TM) encompasses all the applications necessary for handling personnel-related tasks for corporate managers and individual employees from the point of hire to the point of retire. This talent management model includes functionality for recruitment and staffing management, personnel management, career development, succession planning, learning management, performance and compensation management, and workforce management and planning.
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HR System for Banks, Financial Institutions
Description
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Human Capital Management
Human Capital Management (HCM) encompasses all the applications necessary for handling personnel-related tasks for corporate managers and individual employees from the point of hire to the point of retire. This HCM model includes functionality for recruitment and staffing management, human resource management, career development, succession planning, learning management, performance and compensation management, and workforce management and planning.
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Recruitment and Staffing
Recruitment and Staffing functionality allows the user to select and hire the right people with the right skill sets, as well as track the information regarding their recruitment for later analysis. It covers criteria such as Organization Structures and Modeling, Corporate Branding, Sourcing, Applicant Tracking, Assessment and Selection, Governance and Compliance, Vendor Management Systems (VMS) Portal, Recruitment Analytics and Reporting, and Product Technology.
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Software Evaluation Features and Functions
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