It is not uncommon to see technology aiding every kind of business out there and apart from just businesses, technology also aids different aspects of a business to help it grow. With the help of such innovations, businesses can grow a lot and the world has seen a lot of businesses benefit from the present technological advancements. There is a software for boosting every aspect of a business.
The organizations that use these technologies benefit a lot from it.
Human Capital Management Solutions
Human Capital Management Software or also known as HCM Software refers to the software that is made to aid an organization in maintaining its workforce. There are a lot of benefits of using an HCM software, it eliminates the need for any kind of manual work. The HCM software is not to be confused with HRMS (Human Resource Management System) software, though the two terms are often used in the same context, it tends to blur the lines of what they exactly both are. HCM software aims to strengthen the workforce and HRMS aids in managing tasks related to human resources.
Listed below are a few features that distinguish HCM software from HRMS software
HCM Software
- Locating and hiring skilled workers
- Raise standards of the workforce
- Helps in boosting the productivity of the company
- Focuses on employee development
HRMS Software
- Ensures record keeping
- Automated payroll
- Focus on the organization as a whole
- Connecting of training and recruiting information to the database for easy organizing
HCM software is basically a combination of different softwares. It integrates everything on one platform instead of having a time-sheet software, payroll software, productivity analytics software and many more. HCM also helps organizations plan their future staffing needs beforehand.
Benefits of HCM Software
There are a lot of benefits that an organization when they implement the use of an HCM software
Save time
Recording employees data on a paper or an excel sheet and then reviewing their performance can be a time-consuming process but that is not the case with an HCM software. The software lets the employee record the time they start and stop working and all this is connected to their other information regarding their salary. Thus payrolls can be generated without having to re-type any of the employee’s data.
Security
With everything being digitalized and everything stored at one place, it ensures the security of all the data stored in that place. The HCM software only gives the respective managers access to employee data. Other managers cannot see the data of other team members except for their own.
Compliance
With a business to take care of, people often miss out on the new rules and regulations implied by the government. An HCM software, due to its could based feature makes sure that it is updated with the latest forms and rules. This helps your organization to be compliant with the law.
Employee Onboarding Software
Another technological innovation that is seamlessly helping organizations across the globe. Employee onboarding software is the kind of software that helps the HR managers in providing a hassle-free transition to the newly joined employees. It works as a bridge between data and the workforce and helps the HR managers track the progress of the new hires. All of this can be done while saving time and money.
Listed below are a few reasons why your business should invest in employee onboarding software.
- It improves the engagement of the new hires in the company
- Standardize the process of onboarding
- Enhanced transparency
- Removing the possibility of man-made errors
- Integrate it with the other HR tools to make sure the onboarding process is running smoothly
- Makes sure the company is compliant with the latest forms
Benefits of Onboarding Software
There are many benefits to implementing onboarding software:
- Maximization if one on one interaction
- Helps in saving money
- Gives better insights
- Efficient in tracking and managing the progress
- Compliance oriented
Features that come with Onboarding Software
Managing Paperwork
The paperwork related to new hires can be endless and take up a lot of time. With the onboarding software, there will be no paperwork to manage as digitalization eliminates the need for any kind of paperwork.
Personalization
Training modules that are personalized, let the new hire choose the course more suited for him, instead of everyone doing the same generic training system. Furthermore, the onboarding software which is integrated with assessment tools adjusts the training level according to the skill level of the new hire.
User-Friendly Interface
One of the main aspects of any software is the user interface. Even softwares with the best features may not work well with others if it has an interface that is complicated and confusing. The interface should be easy to work on and user-friendly. This feature makes the software easy to use.
Gamification
This factor helps in improving the employee engagement factor in organizations. Gamification means to use the concepts of gaming and add levels and quests to make the software more fun and interesting to use.
Reporting of Progress
This helps the HR managers track and assess the progress of the employees. It also aids the HR managers in identifying the areas in which the new hire needs to work more.
Overview
These are just a few of the many technologies that are helping the business world run efficiently. There are software to aid every branch of business and for every industry. Technologies like this always play a key role in the efficient running of an organization.
