Human capital management (HCM) is a set of practices related to people resource management. These practices are focused on the organizational need to provide specific competencies and are implemented in three categories: workforce acquisition, workforce management and workforce optimization.
The applications that help to enable human capital management include:
Core administrative Support:
– Personnel administration
– Benefits administration
– Portal/employee self-service
– Service center
Strategic HCM support:
Compensation planning and strategy
Time and expense management
Learning (education and training)
Recruitment (hiring and recruitment)
Contingent workforce management
Reporting and analytics (workforce analytics)
HR is changing. Cloud technology has revolutionized the way businesses run HR by making document management, compliance, access and analytics much simpler for HR departments. Our experts can support your Cloud HR services.
Basic HR tasks can now be automated or outsourced. This keeps costs down and frees up your HR team to focus on your people. With cloud-based HR, you can take it step by step, or if you’re ready, you can make the leap fully to the Cloud.