How Much Should You Invest in Your Human Capital Development
During the last few years, we’ve seen the emergence of many new technologies, demographic shifts and globalization. New conditions on […]
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Vibe HCM
Vibe HCM is a highly configurable human capital management platform that provides users with multiple functionalities including recruiting, onboarding, employee engagement, payroll and talent management. The platform enables users to create and implement career sites, to automate the full applicant tracking and hiring process, and to onboard new employees through preboarding and onboarding programs designed to engage new hires through live chat, mentors and social communities.
Understanding Total Compensation
According to the most recent Society for Human Resource Management (SHRM) annual Employee Job Satisfaction Survey, “Forty-five percent of employees reported that they would be likely or very likely to look for other jobs outside their current organization within the next year… As the economy continues to improve and job seekers become more confident in securing new positions, organizations must design competitive benefits packages to attract and retain top talent. No matter what benefits you offer employees, it is always a good idea to take the time to re-evaluate what you offer employees and educate them about what their total compensation package is worth. With nearly half your employees keeping an eye on new employment opportunities, ensure they are aware of the full value of their compensation, lest they perceive greener pastures elsewhere.
Making the Most of Open Enrollment Season
Workplace benefits choices can seem confusing to many employees. Employers often experience that confusion firsthand during the organization’s open enrollment period. On top of unfamiliar language, there is a lot of information to process and important decisions to make. Though studies have shown that people tend to prefer more choices, they are less likely to make a decision and ultimately less satisfied with their decision when more choices are offered. With multiple benefits options, some employees may choose to simply do nothing during open enrollment, even when it may be advantageous to make changes to their benefits plans.
Delivering on Integrated Talent and Workforce Management
Companies have traditionally invested both time and money into attracting new talent to their organizations, but have often been less successful at retaining valuable employees. Over the past 20 years, organizations have begun to invest in the idea of Human Capital Management (HCM). One part of HCM is talent management, which focuses on filling vacant or new positions with savvy people, and on developing the potential and skills of existing employees. Software tools are critical to effective talent management. Since Enterprise Resource Planning (ERP) systems are already being used to manage corporate resources, they are an ideal platform for managing human resources. This white paper, explains the process of defining and using competency models to jumpstart talent management initiatives as part of an HCM strategy, and how software tools can automate these processes.
3 Truths and a Lie About HCM Software
To combat a crumbling facade, companies implement human capital management (HCM) software. The primary benefit of an HCM solution is the centralization of the necessary data and records to manage personnel — including recruiting efforts, training, attendance, management and benefit administration. Moving beyond the simple logging systems of yesteryear, today’s solutions aim to foster a unique and meaningful relationship between the company and employee.
Paycor Perform HR
Paycor Perform HR is human capital management software that works to engage employees, unite benefits and benefits management operations, and to improve onboarding processes. The platform enables employees to add goals and to track performance, is equipped with an employee self-service portal that enables employees to update personal information and view paycheck information, and provides new hires with an online portal for completing new hire paperwork and to sign company documents.
What Are the Benefits of Human Capital Management Software?
In today’s global market, cultivating a strong labor force has become the most effective means for a business to preserve its competitive advantage. Yet adequately managing your workforce can be time-consuming and labor-intensive, not to mention the amount of data you’ll accumulate and need to archive and analyze. With a human capital management solution, you’ll successfully organize personnel information, track employee performance data and boost the efficacy of your workforce.
Ceridian Dayforce HCM
Dayforce HCM is human capital management software that facilitates hiring, payroll, benefits, HR records, staff scheduling and compliance monitoring processes. The platform is built on a single database, is equipped with an employee self-service portal that allows employees to manage pay information from any location, and supports benefits enrollment processes through provided decision support tools and automated employee eligibility updates and changes.
BiznusSoft HR
BiznusSoft HR is human capital management software that encompasses talent management, HR operations and organization management functionalities. The platform provides users with time and expense, employee benefits and absence management tools, as well as goal and employee performance management tools.