Optimizing Employee Experience with HCM Software: 9 Must-Have Features

A recent study points to the trend of a rise in the number of returning employees (LinkedIn’s Economic Graph). This Great Return can be triggered by many factors including the company’s work culture, a sense of familiarity or the compensation and benefits offered.?

To manage Human Resources (HR) functions and enhance employee experience in the company, HCM software is the perfect tool. The Human Capital Management (HCM) software automates workforce-related tasks to enhance productivity, decision-making, attract and retain top talent.?

Here are some key features of HCM software:

1. Recruiting and Applicant Tracking: HCM software can help organizations manage the entire recruitment cycle, from posting about job vacancies to hiring candidates. It may include automated applicant tracking, resume parsing, and interview scheduling.

2. Onboarding and Offboarding: The software streamlines the onboarding process by automating tasks such as filling out forms, managing documents, and facilitating online training. It can also be set up to manage the offboarding process when employees leave the organization.

3. Performance Management: HCM software enables organizations to track employee performance and set and track goals, conduct performance appraisals, and provide feedback. It also helps to identify high performers and creates transparency between the employee and the organization.

4. Learning and Development: The HCM system can also facilitate employee learning and development by providing online training and development programs. It can track the progress of employees and identifies skill gaps that need to be filled.

5. Time and Attendance Management: The software tracks employee attendance, team member availability, manages timesheets, and automates the calculation of overtime, leave, salary and other payroll-related tasks.

6. Payroll Management: HCM software manages employee pay and benefits, automates tax calculations and deductions, and generates payslips.

7. Employee Self-Service: A web and mobile-based HCM system enables employees to access their own personal information, such as pay slips, tax forms, employee birthdays, and benefits information. It also allows them to update their information, and request time off, among other things.

8. Compliance Management: The software helps organizations comply with laws and regulations by automating compliance-related tasks such as tracking employee certifications and managing legal documentation.

9. Analytics and Reporting: Predictive analytics provides insights into workforce data, enabling organizations to make data-driven decisions. It generates reports on various metrics such as turnover, employee engagement, and performance.

HCM software automates time-consuming tasks, streamlines processes, and provides valuable data and insights to help organizations make informed decisions.