Why are more and more businesses looking at HCM (Human Capital Management) solutions these days? RNR Market Research conducted a study that predicted a growth in the HCM market of 9.2% over the next 5 years. The study found that the growth rate would be highest for small and medium-sized businesses, as those organizations have budget constraints and need the best methods to save time and optimize costs, and tech costs have become more affordable for smaller companies. So how do you know if you’re ready? Here are 11 reasons your business needs an HCM solution.
If you agree with any of these statements, your business may be ready for HCM:
- You want centralized payroll, benefits, and time management data
- You want all your data online and digital, not paper-based
- FMLA and/or ACA affects your company
- You want to track workers’ comp claims
- You have positions with high turnover
- You have consistent seasonal or cyclical employees
- You contract with the federal government
- You have employees in multiple states
- You are quickly growing or expanding
- You are actively recruiting
- You want to track employee trainings and certifications
Again, even if you only agree with one of the statements above, HCM might be the right solution for your organization.
GTM’s HCM system helps you grow in a timeframe and at a pace that’s manageable for your needs. Our implementation team works with our payroll account managers so there is consistent communication. Plus our system is modular – you don’t have to utilize all the features at once. As your business grows, you can add more modules of the HCM system to grow along with you.
Exprience this exciting technology – request a free consultation and demo or call us at (518) 373-4111.