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Human Capital Management (HCM) Application Services
Human capital management (HCM) application services are software applications that help businesses manage their employee data. HCM applications typically include modules for tracking employee information, such as contact details, job titles, and salary information. They also often have tools for creating reports and analyzing workforce trends.
What Small and Midsize Businesses Need to Know About Human Capital Management (HCM) Application Services
Small businesses can benefit from using HCM application services, as they make it easier to manage employee data, and also often include features that can help businesses improve their recruitment and retention strategies. Additionally, many of these applications offer free trials or low-cost monthly plans, making them a more affordable option than hiring an in-house developer to create custom software.
Related terms
- Absence Management
- Furlough
- Onboarding
- Attrition
- Right to Work
- Employee Self-Service (ESS)
- Background Check
- Equity Theory
- Performance Management
- Diversity and Inclusion (D&I)
- Gamification
- Center of Excellence (COE)
- Succession Planning and Management
- Workforce Analytics
- Performance Improvement Plan (PIP)
- Employee Resource Group (ERG)
- Chief Human Resources Officer (CHRO)
- 9-Box Model
- Enterprise Applications
- People Analytics
