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Human capital management (HCM) technology plays a vital role in the successful management of employees and HR functions. The value of HCM and its organizational impact has grown exponentially in the last few years. Here are three reasons companies are flocking to HCM, especially right now.
HCM Reason #1: Easier HR is Better
And better HR is now easier. HCM’s next-gen usability streamlines and simplifies all-things HR, benefitting both admins and employees. Cloud-based HCM platforms with consumer-grade user apps are mobile-friendly and dashboard simple. They further enable performance engagement initiatives and drive complexity out of the process. So, employees and administrators are more likely to participate in things like new policies, goal setting and alignment, learning, competency management, and performance reviews.
HCM Reason #2: One Solution is Good
Multiple “solutions aren’t’ really a solution. All-in-one HCM platforms unite every aspect of HR and talent management in a single UI. It’s a case of less is more. One login and a common workflow save serious time and hassle. HCM platforms really do make a night-and-day difference over multiple niche software tools.
HCM Reason #3: Employee Data is a Game-changer
A single source of truth – from one data set and analytic tools that turn raw metrics into actionable insights – enables you to better understand, manage and maximize your workforce.
With HCM, all employee information is natively stored in a single repository. That lets administrators easily view and analyze data and make better decisions (and predictions) than ever before possible. With HCM, HR departments become data-driven and more of a strategic contributor to growth and profitability.
The Bottom Line
HR leaders are embracing HCM technology because it’s a plug-and-play way to drive efficiency and productivity higher, which drives profitability higher.
The right HCM partner will drive innovation in technology, provide unparalleled solutions and empower your entire organization. That’s what you get with GTM’s HCM solution, isolved. Request a free quote to learn more.
