What is Human Capital Management - Enterprise (HCM) Software?
Human Capital Management (HCM, and often called HRIS or HRMS) software combines a number of systems and processes to ensure the easy management of human resources, business processes and data.
HCM software is used to combine a number of necessary HR functions, such as storing employee data, managing payroll, recruitment processes, benefits administration, and more. The systems are often modular, allowing organizations to use some or all of the integrated functionality.
An integrated HCM system can help effectively manage employees, provide streamlined access to HR services, support learning and development within the organization, and drive employee engagement.
Common Features
Workforce Planning | Talent Management | Employee Record | Position Management | Benefits Administration | Performance Management | Payroll Administration | Learning and Development | Time and Attendance | Compensation Management | Talent Acquisition | Scheduling | Leave Management | Interactive Organizational Chart | Compensation Planning & Forecasting | Reporting and Analytics | Self-Service Applicant Portal | Document Management (DMS)
Capabilities
Date compared on November 23, 2024