In a fast-paced world there are many challenges that companies / business leaders must rise up to meet. Business infrastructure, cutting edge communication systems, information enriched processes etc. Though business confidence of leaders has been very high, they are concerned about sustaining performance.
Performance can be sustained by harnessing Human Capital within the organization rather than cost-saving-dominated IT agendas. This is a complex task for business leaders and HR who have to manage teams across geographies and cultures.
The solution to this complex task is Human Capital Management (HCM) software. Organisations are expanding their use of HCM. Some are using sophisticated tools to identify and implement people programs that impact business results directly and dramatically. These organizations produce significant return on investment and revenue growth.
The changing role of HR
Increasingly, HR professionals are required to be strategic partners in managing the people resources of an organisation. In this new role, HR is responsible to
• Automate key strategic and administrative HR processes
• Streamline and decentralize employee services & practices
• Communicate effectively and transparently
• Provide on-demand reports and analytics
A HCM technology helps HR make a paradigm shift from being processes managers to strategic partners. Companies are web-enabling their HR function to get rid of complexities, and boost productivity.
Strategic HCM processes including performance management system, training management, will see more aggressive adoption and would be linked to business plan.
Organizations with sophisticated requirements for strategic processes such as performance management and training management can usually find more robust functionality from a specialized HCM vendor.
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