This post was originally published on this site
Human capital management, or HCM, encompasses the strategic management of an organization’s workforce to maximize productivity, support its people, and achieve business objectives. Today, global HR teams can use HCM software systems to do this from one centralized platform.
But which HCM system is best for your business? We’ve compiled a list of the top HCM solutions on the market that can help you optimize your organizational goals.
Please note that while we provide insights and key features of these systems, we encourage you to conduct your own research to ensure the software meets your specific needs and organizational goals.
What is HCM?
HCM, or human capital management, is a comprehensive approach to managing an organization’s most valuable asset—its people. It includes traditional HR functions, like time tracking and payroll, as well as more strategic needs, like managing performance reviews, learning and development programs, DEI&B initiatives, and more.
Effective HCM strategies focus on optimizing the investment in human resources to achieve organizational goals through recruitment, development, and optimization of employee productivity.
What is HCM software?
HR leaders can use HCM software to manage an organization’s people efficiently. This software automates core HR functions and extends to strategic areas like talent
