White Paper: SyncHR
Human Capital Management is defined as the process of managing an organization’s employees for them to contribute significantly in the overall productivity of organization. Organizations have their pick of these HCM solutions is making the decision of ‘which is the best’ for your organization a challenging one.
As the digital HR is a top priority and with this surge of understanding for the growing importance of digital HR, it must be acknowledged that choosing the right HCM platform is equally important.
This whitepaper highlights the 7 critical factors that must be considered when evaluating a Human Capital Management (HCM) System that would most enhance your human capital processes and support your strategies. Some of them are:
Native Cloud-Based Design for the simplification of the deployment of an HCM system
HCM Systems must be Ecosystem Friendly - API Integration with Third Party Applications
Automatic Calculations & Real-Time Responses- Right HCM platform must support these calculations
BONUS ITEM – Reporting & Analytics
These key functionalities are most important and when you put them together in an innovative and intuitive way, it transforms your entire approach to human capital management.
Human resources departments are not being spared in the revolutionary change of the digital age, and for savvy leaders, this creates a ripe opportunity to transition from a support function to a business partner. HR leaders have the ability to shift their positions in organizations from that of a tactical support function to a dynamic and critical business partner. This whitepaper highlights 5 tips to make the transition of HR leaders from support function to strategic leader. It includes: Make a strategic roadmap with supporting detail that will position you as the HR leader Create engagement plans for different generations customized with Digital HR Technology Start moving to the Cloud-With core HR functions Get out into the business-Translate them back to the human capital management strategy Be solutions oriented-HR departments can be a helping hand by being the source of solutions
With increasing awareness of the security and governance risks posed by physical HR files, companies are looking for ways to efficiently convert all of their existing paper records into digital documents, in order to start down a new path that’s exclusively digital. There are no upfront capital expenditures for equipment and technology licenses, and there is no delay for provisioning the platform, with a SaaS solution. This whitepaper talks about the advantages of converting from old paper-based human resources document processes to a more modern digital approach. It discusses: What is the best approach to going paperless for HR Document Management? Determination of the goals of the project and the anticipated benefits Achieving a meaningful business impact requires more than a simple paper to digital conversion Evaluation of each of the alternative approaches
What is Human Resource Management ?
"The Human resource management or HRM of a company is the management of human resources which maintains and enhances the organization’s human resources by planning, implementing, and evaluating employee relations and assessment of HRM policies, programs, and practices."
What is Human Capital ?
Human capital is a measure of the economic value added by the workforce. The concept of human capital can be defined as the collective skills, knowledge which an employee acquires on the job, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community."
What is HR Automation ?
HR automation is the process to improve the efficiency of human resources departments through automating the manual human resource processes and eliminating information-centered risks. Human Resources, along with many other departments, relies upon document-driven processes to get thier work done. For example, employment contracts must be read and signed by new employees during the onboarding process.