The practices–and the technology-that constitute Human Capital Management (HCM) make workforce acquisition, workforce management and workforce optimization possible.
Effectively Managing Your Workforce
In order to create efficiencies when managing a workforce, employers should integrate their workforce management solutions, software and technology into a single suite of HCM tools.
By bringing all the activities of labor management together, you can automate time-consuming processes, streamline workflows, and get a big-picture view of your business. When you combine these capabilities with sales and operational data, you achieve true workforce optimization.
Applicant Tracking and Onboarding
The best way to streamline the recruiting and hiring process is through use of an applicant tracking system, which can help identify the best applicants for each position and track them throughout the hiring and onboarding process.
Employee scheduling software improves communication and collaboration between managers and employees, as well as from one employee to another. And when you use data to build your staff schedule, you streamline the process, improve accuracy and protect the bottom line.
Attendance tracking software is vital for ensuring compliance with local labor requirements, managing grace periods and scheduled staff breaks, and tracking hours worked along with overtime pay. Attendance solutions also increase the efficiency and accuracy of your payroll.
Payroll processing is a function that impacts all areas of your business—one that only gets more challenging as your business grows. To ensure your business is compliant with local, state and federal regulations, it’s important that your payroll software integrates with other systems for secure transfer of sensitive information.
By integrating all of your human capital management solutions with your existing point-of-sale system, you can seamlessly transfer employee data, sales information and more across your systems. This provides access to deeper analytics, powerful reporting and more efficient schedule management.
Recent advancements to the time clock help improve the accuracy and efficiency of timekeeping and prevent miscalculated time, overstamping and buddy punching. And accurate time tracking is important, not only for your bottom line, but also to comply with federal regulations.
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