How Can an HCM System Create
Efficiencies?
A truly integrated HCM system enables a single
employee record across multiple areas of the
business and allows employers to customize
how they use the system based on their specific
needs. Businesses should be able to use only
the modules that make sense with their unique
situations, such as recruiting applications, benefits
administration, or time and attendance. HCM
software customization lets companies invest in
their priorities, helping make their most important
processes more efficient and getting managers
and employers the insights they need from a
potentially overwhelming volume of material (e.g.
employee contact information, security clearances,
benefits, vacation days or paid time off, taxes,
etc.) without having to go through HR. In the new
COVID-19-era work environment, this accessibility
becomes critical for staff as they work from
remote locations. An integrated, modular HCM
program makes it possible for a business to scale
its technology when its needs demand more (or
less) HR technology support.
Supporting Mobility is a Must: The
Benefits of HCM
Many of today’s employees must be productive
and fulfill their work roles from outside the office.
While the pandemic expedited the transformation
to a remote or hybrid workforce, it’s expected
that many of these work environment changes
are here to stay. Companies need flexible, cloudbased
systems to allow staff to work whenever
and wherever they need to. Not only does this
empower a business’s current workforce to be
more productive, it allows that business to gain
a competitive advantage by opening up the
candidate pool to individuals who don’t live near
a physical, central, or satellite office. Forwardthinking
HCM technology provides capabilities that
accommodate a geographically diverse staff. For
instance, time and attendance systems let workers
report their time on mobile devices and use GPS
features to provide time and location verification
for accuracy, if applicable. Cloud-based systems
also let managers access critical data when
needed, whether they are preparing for a video
conference meeting, working from home, on-site
with a client, or responding to an urgent situation.
Conclusion
In today’s rapidly changing and demanding world,
businesses face numerous challenges and a
great deal of unpredictability, as the pandemic
has proven. HCM benefits businesses by giving
them the ability to make critical decisions based
on reliable, accurate, and timely information.
HCM systems help businesses integrate data
into a single employee record, support mobility,
and help increase efficiencies for the entire
workforce. Of course, these benefits need to be
weighed against upfront costs and potential
security issues, but these may be initial, short-term
drawbacks. Ultimately, HCM software’s power lies
in improving the work experience for employees
and facilitating a more cost-efficient business
model for long-term success.
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