Human Resource Management System (HRMS) – Quick Guide

HRMS

Human Resource Management System (HRMS) refers to a suite of software that organizations use to manage internal HR functions. From employee data management to payroll, recruitment, benefits, training, talent management, employee engagement, and employee attendance, HRMS software helps HR professionals manage the modern workforce. Also called a Human Resource Information System (HRIS), HRMS systems put information about a company’s most valuable assets in front of the people who need them. Yesterday’s HR software and HRIS systems have become today’s Human Capital Management Cloud Service.

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Human Capital Management (HCM) – Quick Guide

HR, Human Capital Management (HCM)

Human capital management (HCM) is the act of systematically recruiting, managing and developing a workforce. An HCM mindset views employees as company assets to be invested in so that their organizational value can be maximized. The important responsibility of HCM often falls on a company’s human resources department, as they generally play a crucial role in who’s hired, how efficiently talent is managed, and how seriously employee development is taken.

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