What is HCM for people management and why should HR use it?

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Find out how an HCM (Human Capital Management) works and how this tool helps the human resources sector July 27, 2023 Reading Time: 5 minutes More and more organizations are turning their attention to the appreciation and well-being of employees. Therefore, people management is gaining prominence and an HCM (Human Capital Management) is the ideal resource to facilitate this process.

According to a Gartner study, the workforce is the 3rd most relevant topic for CEOs around the world. Additionally, 50% of HR India Email List leaders expect greater talent competition in the coming months. In this scenario, you need to take care of people . To this end, implementing an HCM to perform administrative functions focused on people management is already one of the main HR trends focused on human capital and the optimization of resources and time.



But what is an HCM? This is one of the questions we will answer in this article. Summary: What is an HCM? Why use an HCM? Main advantages of hiring an HCM Centralization of information Increased HR productivity Valuing employees Employee retention Data security Main features of HCM Onboarding of new employees Document scanning Organization chart and file storage Workday control Payroll Absence and vacation management Performance evaluation Internal communication Climate research How to choose an HCM for people management.