Hi there, welcome back.
In this section, we're going to talk about Human Capital Management, almost every company has an H.R.
department.
So what exactly is human resources and why do we have to manage corporate human resources?
We define human resource management as the management process of an organization's workforce or human
resources is responsible for the attraction, selection, training, assessment and reward of employees
while also overseeing organizational leadership and culture and ensuring compliance with employment
and labor laws in circumstances where employees desire and are legally authorized to hold a collective
bargaining agreement.
H.R. will also serve as the company's primary liaison within the employee's representatives.
An organization cannot build a good team of working professionals without good human resources.
The key functions of the H.R. management team include recruiting people, training them appraisals,
motivating employees, as well as workplace communication, safety and much, much more.
An efficient and effective H.R. department can initiate recruitment and training in a timely manner.
New hire will have an easy onboarding with it.
Meanwhile, the staff will get the opportunity to sharpen their existing skills or develop specialized
skills, which in turn will help them to take up some new roles from the training process.
And this is the major responsibility of H.R..
Moreover, a good human resource management can encourage staff to work in a harmonic work atmosphere.
A person will be better evaluated and recognized by performance appraisals.
So what is S&P, HCN, Human Capital Management is another important module of our and it covers all
human resource activities and processes.
The module is an independent system closely integrated with P and Effie's modules.
The Human Resources Department is responsible for a wide range of activities, including recruiting,
maintaining new hires, managing employee information, the personnel department and payroll.
To compete effectively, you need to align all corporate resources, including employees, with business
objectives.
You need to transform traditional human resources functions into a comprehensive program for Human Capital
Management or ACM.
Without SAP, ERP, HCM, you can maximize the value of your employees and align employee skills, activities
and incentives with business objectives and strategies as they HCM also provides the tools to manage,
measure and reward individual and team contributions.
All right, let's look at the detailed functionalities.