What Is The Purpose Of A Human Capital Management System?
Human Capital Management | Image Resource: pimages.toolbox.com A human resource management system is software that provides different processes to manage HR activities. It helps to automate HR tasks like storing employee data, recruitment, processing the payroll, administrative work, creating reports and more. The human resource management (HRM) or human capital management (HCM) system helps to manage the HR processes easily. As it automates the tasks it helps to reduce the manual workload. It contains different modules to achieve different tasks. The different modules are provided for recruiting online, retaining staff, processing the payroll, administrative tasks, managing employee benefits, HR planning, learning management, employee self-service, performance management and reporting. The system covers the activities from the time a candidate is hired till retirement. The system can store personal records of employees like addresses, training and development, capabilitie...