So, let’s take a hard look at what you should be doing with your human capital management strategy. You can also click through to our benchmarking quizzes to see where your company either falls short or is doing it right. Paid time off and a retirement savings program such as a 401(k) are benefits the majority of job seekers expect. People management. HR management should involve much more than administrative work. Benchmark your labor costs here. MORE

It is the process through which new hires learn the attitudes, knowledge, skills, and behaviors required to function effectively within an organization. In Fortune 500 companies, it has been estimated that 500,000 new managers transition into new roles or companies each year. Managers begin new jobs every 2 to 4 years on average. Managing people in today’s working environment requires agility, accuracy and visibility. HR Onboarding Software Definition. MORE

Workforce Management Software Definition. Workforce Management software helps organizations plan, manage, and track employee work, including labor requirements, employee schedules, and paid time off (PTO). Workforce management platforms offer a variety of features that enable users to optimize workforce efforts. To qualify for inclusion in the Workforce Management category, a product must: Allow users to forecast labor demands and develop workforce contingency plans. MORE

It helps organizations establish employee performance standards and enables managers to evaluate employees’ job performance in relation to these standards. Performance management systems are used to manage employee progress, performance, and development in relation to organizational goals. Companies use performance management software to facilitate meaningful and ongoing discussions between managers and direct reports. Workday Performance Management. MORE

Another thing that kept coming up in all my conversations when I was in Europe last fall is how to manage multiple generations in the workforce. We were dealing with this in the US before the recession because baby boomers were starting to retire. Now this is a global issue because people are postponing retirement while a new generation of workers comes in. We don’t want to manage our talent out of the business when we need to find the best places for our talent. MORE

The analyst team provides new data and insights on the impact of the COVID-19 pandemic on human capital management. Other focuses of the past two weeks include women in leadership, a talent-acquisition technology selection guide and profiles of technology providers in learning, talent management, talent acquisition and workforce management. Learning & Development. Talent Management. Workforce Management. MORE

Payroll tools are often part of a larger compound core HR product or an HR management suite. Payroll management capabilities provide for calculation of employee pay and benefits, in addition to managing direct deposit, salary revisions and payroll tracking. ADP Workforce Now is a human capital management solution for companies with more than 50 employees. Easily get set up, learn and use. Easily create invoices and manage expenses. MORE

It is the process through which new hires learn the attitudes, knowledge, skills, and behaviors required to function effectively within an organization. In Fortune 500 companies, it has been estimated that 500,000 new managers transition into new roles or companies each year. Managers begin new jobs every 2 to 4 years on average. Managing people in today’s working environment requires agility, accuracy and visibility. HR Onboarding Software Definition. MORE