Modern businesses have modern problems. Do you feed 2G signals to your smartphones? No, right? That would slow down your phone and make it inefficient! Similarly, relying on physical forms and books for your new-age HR functions can be a speed breaker and slow down your progress. Thus, this new AI age calls for a shift to HCM Software.
An HCM software is a Human Capital Management Software. But why should you care about one? Well, because almost five generations are working together in offices these days. They have a completely different outlook towards every process and system!
It is essential to develop a middle ground where they all can collaborate and build a stronger organization! HCM software helps achieve that and more. It automates all the HR functions for better productivity, lower costs and better talent retention.
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What Is A HCM Software?
An organization is only as strong as its people. Thus, it makes sense to capitalize on your human capital.
An HCM Software is a comprehensive solution that automizes all the manual HR tasks and employee management and aids strategic improvement through reports and more! It is more than just an attendance and payrolling automatization.
HCM views human capital as not just an expense for running a business but a core asset whose value can be increased with strategic investment and management.
Below are the various modules that an HCM covers:
- Core HR
- Workforce Management Module
- Performance Module
- Attendance Module
- Recruitment Management Software
- Employee Engagement Software
- Expense Management Software
- Asset Management Software
Below are a few ways how going digital can work miracles for you!
Here Is How A HCM Can Turn Things Around For Your Business!
- It enables you to save time and money involved in operational tasks drastically. For example, payrolling now takes only 10-15 minutes!
- Automates and centralizes all the HR tasks like attendance, leaves, recruitment, onboarding, and offboarding…! This leaves no room for inefficiency and errors.
- 10x your employee experience as now they can receive training, feedback, track goals and career, and learn and talk with peers all under one umbrella.
- It stores all your employee data and reports on a cloud such that you can set who can view what information. This data can help resolve human capital issues like magic.
- Millennials and GenZ crave skill development more than fancy paychecks. HCM ensures they get exactly the right resources!
The Difference Between HRMS, HRIS, And HCM Software!
HRMS, HRIS, and HCM are often used interchangeably, but in reality, they are different and separated by a thin line of difference.
HRMS (Human Resource Management System) & HRIS (Human Resource Information System) are almost the same as they both cater to the basic idea of workforce automatization.
They have almost the same modules. Just that HRMS has more complex features than HRIS.
On the other hand, HCM has a different strategic approach. It helps you do more and achieve more by analyzing and improving upon all Human Capital.
It takes care of every small detail and shows you analytical reports of how you can improve over them. It shows you the complete employee lifecycle, developing talent pipelines for future recruitments to offboarding to pensions!
With an HCM, all is sorted!
Why HROne?
We understand your biggest concern. An HCM is not software that can be learned or implemented in a day!
And that is why we are very concerned about our implementation and support services.
After 200 odd implementations, we learned to be mind readers. We study your challenges and craft a solution designed and manicured for your specific needs.
Moreover, we provide free unlimited product training and training on new features and product adoption. After all, what’s a solution you cannot use?
Lastly, our mobile app is a replica of our web version, and do you know; it receives 15% more logins than the web app!
Also Read: The Journey To Opt The Best Payroll Software
Indeed, implementing a good HCM ensures a happy employee who is keen and motivated to work for you! And please do not underestimate the power of an extraordinarily motivated employee!
