What is HCM?
HCM(Human Capital Management) is an enterprise class software that can scale up and automate processes like payroll, performance reviews, recruiting and training.HCM software integrated all required functions into one platform to be able to help an organization plans ffuture staffing needs by sharing information with other enterprise software.
It helps in automating all the basic tasks related to employee and personnel information management. Uses a centralized database for enabling employees and others in the management to access consistent, up-to-date, information to provide support to business-related decisions.
Aids in disseminating and managing policy information and organizational structure. Provides position management for the creation of building blocks for talent and HR (Human Resource) management.
SAP HCM supports the processes that are involved in global employee relocation – from the planning and prepping of global assignments to payroll and personnel administration alike.
Supports diverse plan definitions. Tailors benefits and offers for individual employees.
By consolidating all of their customer data – including contact details, cross-channel interactions, service history, and social media activity – companies gain a 360-degree view of each customer, available in real time.
Handles complex payroll processes. Supports legal regulations in most countries worldwide and ensures compliance with all regulatory needs for reporting purposes. Addresses considerations like multiple languages, national currency, collective agreements, reporting, and so forth.
Talent management: Recruting, learning and development, compensation management and performance management
Provide automatic data processing and multicountry payroll outsourcing
Help in automating HR processes with chatbot, natural language processing and machine learning
Onboarding and time and attendence management
Workforce planning and people analytics