What is Human Capital Management (HCM)?

InfinityHR

In order to answer these questions, we must first answer: What is human capital management, really? Let’s discuss what human capital management (HCM) is and why you need to secure the relationship between the employer and its workforce. What is Human Capital Management (HCM)? Human capital, aka your employees, are the lifeblood of your organization. Key components and functions of human capital management.

Human Capital Management (HCM) Technology 101

Paycor

What does Human Capital Management (HCM) Technology Offer? As human resource professional, where do you spend most of your time? Time & Attendance. Learning Management. Monitor and Control Time & Payroll Costs.

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Four KPIs to Consider When Evaluating ROI of In-House vs Outsourced Human Capital Management Solutions

Unicorn HRO

This is certainly the case for Human Capital Management (HCM) operations, as new technologies fuel the transition to automation to streamline workflows, improve personnel engagement and increase intraoffice communication. Whether you are outsourcing cloud-based HCM solutions to manage your workforce or handling these tasks in house, there is always a need to justify expenditures in automation by demonstrating ROI. Organizations save time and reduce risk.

New U.S. Labor Department Overtime Rule’s Impact on Time and Attendance Tracking

Asure Software

Labor Department Overtime Rule’s impact on time and attendance tracking requires your fiscal attention, opportunistically. Labor Department Overtime Rule’s Impact on Time and Attendance Tracking appeared first on Asure Software. HCM Human Resource Articles Uncategorized compliance Federal Flexible Work HR human capital management human resources PayrollThe new U.S.

HCM Software vs. Payroll and HR Software: What’s the Difference?

Ceridian

Payroll software takes gross pay and raw time data from another system, or manually keyed data, and calculates net pay from it, applying deductions and appropriate taxes. When HR and payroll software is combined with other functions like recruiting, talent management, scheduling, and time and attendance, the industry calls it Human Capital Management (HCM) software. Tracking time and attendance. Managing benefits.

Fair and Predictable Scheduling: Seattle Edition

Ceridian

The bill was created with the following goals in mind: Promotion of full-time work and access to hours; Encouragement of fair and predictable scheduling practices; Discouragement of abusive scheduling practices; The equal treatment of part-time workers; and. In many cases, this may require investment in new technology for time & attendance and scheduling to facilitate and automate the new requirements.

5 sessions I’m excited to attend at #SHRM16

Ceridian

The Society for Human Resource Management’s annual conference and exposition is coming this June, and there are more reasons to be excited than I can count. SHRM16 is the largest human resource event in the world, and there is so much this year’s conference is set to cover. Brand new business strategies, federal and even global compliance and talent management are a few of the things I’m looking forward to learning about this year.

Discovery Phase – the start of a successful Workforce Management (WFM) implementation

HRchitect

A successful workforce management system implementation is built on the premise that you know your organization’s requirements from a business process, procedure and policy perspective. In the world of workforce management, it is essential to think about your current business processes, and not about the future state of the software. List out all states and countries that your organization currently operates in for compliance purposes. Written by: Erica Niesse.

HR Can be Dangerous with the Right Technology!

PeopleStrategy

That is a lot, especially when your job requirements also include making sure day-to-day employee management tasks (i.e. onboarding, payroll, benefits administration, time and attendance, performance) are completed accurately and on time. Seriously, it’s time to take control and there is an easy (and affordable) solution. Yep, it’s true, an affordable Human Capital Management solution for small and mid-market companies does exist.

Trends, Tools and Techniques Impacting Compensation Management [WEBCAST]

Ceridian

John Whyte – Senior Manager, Dayforce Talent Management, Ceridian. Budgets are tight, managers are busy, and the way we identify top performers is changing. It’s essential that Compensation Management tools keep pace with market needs. On Tuesday, May 9 at 2 PM ET, Ceridian is partnering with The Wilson Group to discuss current Trends, Tools and Techniques Impacting Compensation Management. Compensation and performance trends over time.

5 Ways to Reduce Costs using a WFM solution

HRchitect

The world of Workforce Management helps companies save money and mitigate risk. Time and Attendance rules and regulations are always changing, which makes it a challenge for businesses to manage on an everyday basis. Here are five ways that a Workforce Management (WFM) solution can help you save time, money and be compliant. Any hours worked on the 7th consecutive day also should receive time at one and one-half times their regular rate.

Managing Human Capital With Acumatica Cloud ERP and InfinityHR

InfinityHR

The Acumatica Cloud ERP platform is perfect for organizations who need to manage many various components of their day-to-day business functions from a single vendor. Warehouse Management. Supply Chain Management. Production Management. ACA Compliance.

Going Global With Payroll: What Guardian Industries Learned

Ceridian

It is indeed challenging to manage complexities across an organization while attempting to grow your market share in other regions. Our system functionality was limited; maintenance of locally hosted systems was inefficient and not standardized; and compliance was assumed and left to individual locations. From a time and attendance perspective, we were using paper timesheets and timecards, managing spreadsheets around the world.

5 Challenges HR and Payroll Professionals Have When Integrating Separate Systems

Ceridian

By Casey Lewis, Product Marketing Manager, Ceridian. Although HCM systems have advanced significantly in recent times, there are issues that users of most systems still face today. Additionally, many organizations spend costly time identifying missing or duplicate data, or commit HR violations when they pay an employee incorrectly or forget to pay them at all. In light of this, the benefits of a single application for managing HR and payroll are evident and impactful.

Staying compliant as a global workforce

Ceridian

Managing compliance on a global scale could prove to be the greatest challenge for HR and payroll professionals in 2016. In order to meet this challenge, businesses should aim to improve data management practices in partnership with a global payroll provider while striving to achieve a deep understanding of the ever-changing compliance landscape. Managing data effectively. Compliance – the ever-changing landscape.

Escaping Spreadsheet Hell: Integrated HR Solutions for Midsize Firms

PeopleStrategy

HR professionals deal with this problem every day in an effort to meet critical compliance requirements or to generate reports for their executive team. Many large corporations have untangled their HR data problems by adopting integrated Human Capital Management (HCM) solutions that enable them to manage payroll, benefits and other HR functions more efficiently. Reduce the risk of data entry and compliance errors.

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Payroll Solution That Ensures 100% Statutory Compliance and Regulation

Empxtrack

Payroll Solution that Meets Statutory Compliance Requirements. This case study is about an Information Technology company managing more than 1500 employees deployed in multiple cities. The organization wanted to replace their legacy payroll software to meet statutory compliance requirements, get better transparency and accuracy in the payroll management. The company faced a key challenge in maintaining statutory compliance and transparency in the payroll management.

Trends, Tools and Techniques Impacting Compensation Management [WEBCAST]

Ceridian

Budgets are tight, managers are busy, and the way we identify top performers is changing. It’s essential that Compensation Management tools keep pace with market needs. On Tuesday, May 9 at 2 PM ET, Ceridian is partnering with The Wilson Group to discuss current Trends, Tools and Techniques Impacting Compensation Management. Here are a couple reasons to attend that will have a real impact on your business: Companies are changing the way they develop employees.

No, an ERP System is not the Same as a Dedicated HCM Platform

InfinityHR

The software also provides real-time insights into the inner workings of their operations, allowing leadership to make strategic business decisions with data to back up their visions. Warehouse Management. Supply Chain Management. Production Management. ACA Compliance.

5 things you can’t miss at this year’s #paycon event

Ceridian

It’s that time of year again, when thousands of payroll professionals head to the APA Congress 2016 , an annual event put on by the American Payroll Association that brings together many of the industry leaders to talk shop and share best practices. Managing payroll on a global scale requires coordinating a lot of data, not to mention adhering to compliance best practices and understanding new technology.

March Madness: Picking Your HCM Bracket

PeopleStrategy

For many, myself included, March Madness, is one of their favorite times of year. College basketball fans across the US take more time than they should completing the infamous “bracket,” while others simply choose their favs or the team with the cooler uniforms. Make sure you clearly understand each vendor’s implementation process and methodology and that it aligns with how you expect an implementation to be managed.

Benefits Software Made Simple: HRIS vs HCM vs Benefits Administration

PlanSource

There are solutions for the broad human capital management and niche offerings for recruiting, engagement, payroll, compensation, communication, and much more. In this guide, we’ll focus on HR management from a benefits perspective and highlight solutions specific to benefits administration. . HRIS’ is an acronym for ‘ Human Resources Information System ’. . As a ‘core’ HR software, HRIS handles the basic necessities of running a human resources department. .

Is Your Time and Attendance Solution Delivering Results?

Paycor

Not all time and attendance solutions are created equal. Perhaps you’re manually keeping track of time cards or your automated time and attendance system isn’t living up to your expectations. Either way, it might be time to make a change. Modern time and attendance software should deliver results —mainly savings and accuracy—for any human resources department. Accurate Time Tracking Leads To Labor Cost Savings.

Leverage More ERP Sales with HCM Integration

InfinityHR

The powerful and strategic business processing management tools available can be used to manage data, automate manual process, generate impactful reporting and more for any organization. ERP and human resources solutions. ERP systems collect and store data into a centralized location from the following areas of business operations: Human Resources (HR). Warehouse Management. Supply Chain Management. Production Management. Benefits Management.

How to Give Your Employees a Raise Using the FLSA Overtime Rule Amendment

ConnecTeam

Maintaining compliance in an ever-changing market and legislative environment demands you stay alert and operationally agile. Employees covered by the Fair Labor Standards Act (FLSA) must receive overtime pay for hours worked in excess of 40 in a workweek of at least one and one-half times their regular rates of pay. Parameters set for exempt employee classification tend to change from time to time through DOL rulings. This gives you plenty of time to prepare.

Top 4 Online Payroll Management Practices for 2018

Empxtrack

A lot has changed in payroll management over the past few years. Earlier, payroll processing meant manual calculations that was time consuming and lead to data entry errors. Today, organizations use automated system to process payroll accurately and meet statutory compliance. With the access to latest technologies, small to medium-sized businesses can now successfully meet payroll deadlines, save time, without defying local, state or federal tax laws.

Kronos Spring eSymposium: FREE Learning Opportunity for #HR and #Payroll Pros

HR Bartender

(Editor’s Note: Today’s article is brought to you by our friends at Kronos , a leading provider of workforce management and human capital management cloud solutions. Yours truly contributed a chapter on performance management. Eastern Time.

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Paycor to Host Bi-Annual Web Summit on HR Trends and Best Practices for Compliance

Paycor

CINCINNATI – October 2, 2018 – Human Capital Management (HCM) company Paycor today announced its bi-annual Web Summit, a free online webinar series taking place October 3-4, 2018, to help HR leaders stay informed of industry trends and best practices for compliance. The virtual event will also give HR professionals the opportunity to earn one Continuing Education credit per session attended, at no additional cost. What: “ Compliance in 2019: What’s Coming ”.

Free HR and Payroll Learning Opportunity: Kronos Fall eSymposium

HR Bartender

(Editor’s Note: Today’s article is brought to you by our friends at Kronos , a leading provider of workforce management and human capital management cloud solutions. As human resources professionals, we’re often so focused on everyone else’s development that we forget to schedule time for ourselves. But before I share some highlights from the agenda, I want to talk about some other reasons you should attend.

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Unicorn HRO Launches New Payroll and HR Service Bundle Specifically Designed for Non-Profit Organizations

Unicorn HRO

Turnkey Service Offers Cost-Effective Solution to Automate Payroll, Tax Services, Workforce Management, and ACA Compliance . Florham Park, NJ (August 25 , 2020) – Unicorn HRO, an industry leader offering fully integrated and configurable human resources, benefits, and payroll solutions, today announced a new payroll and human resources ( HR ) service built specifically for the needs of non-profit organization s.

Everything #HR Needs to Know About Machine Learning

HR Bartender

Every time I see it, I’m reminded about how robots are becoming a greater part of our workplace. A few weeks ago, I wrote about Kronos’ new next generation workforce management solution called Workforce Dimensions. His work includes designing AI solutions around compliance and business forecasting for Workforce Dimensions. His work has covered diverse fields from robotics to educational modeling, and now workforce management.

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What Are #HR Analysts and Why Should You Pay Attention To Them

HR Bartender

As a blogger, I’ve been fortunate to participate in events that I would not normally have attended when I was an HR Generalist. During those events, I learn about the companies, the products and services they provide, and how they meet the needs of human resources professionals. Since I’ve been attending user conferences, I’ve also had the opportunity to meet HR analysts from around the world. This is an interesting time to be an analyst.

How to Spend More Time on Your HR Strategy

Insperity

Jump into a time machine set to 1982, and you’ll find “personnel” departments full of forms and paper. Today, it’s “Human Resources,” and it’s less about pushing paper and more about optimizing a company’s most precious resource – its people — to affect company profits. First, company owners and managers began to realize that people are one of their most important (and sometimes most expensive) resources. Where can they find extra time to just strategize?

Fatigue Management

HRchitect

It may be absent from many corporate HR policies, but fatigue management has been rapidly gaining awareness in the workplace. From industry specific safety regulations, to collective bargaining agreements, and even companies striving to optimize their employees’ performance, fatigue management is working its way into the HR space and the world of Human Capital Management (HCM) software as well. The post Fatigue Management appeared first on HRchitect.

Make Your HRIS Work for You!

HRchitect

This feature is highly under-utilized, but can bring great value to the employer who takes the time to leverage this feature. If you’ve ever needed to run a census report based on educational levels, or hire for a certain position internally which required a specific area of study, having this information readily available is useful and can save time. When this data is readily available in one location, it assists in reporting and compliance efficiency.

Top 5 HCM software tips to benefit your business

Insperity

That’s why integrated HR technology has become a popular solution for helping businesses save time, money and frustration. The most basic HR technology systems are usually referred to as HRIS (human resources information systems) or HRMS (human resources management systems). HCM, or human capital management, is the most comprehensive type of HR technology. ACA (Affordable Care Act) compliance measurements for eligibility and stability periods.

Arcoro Acquires InfinityHR to Further Expand HCM Offering

InfinityHR

InfinityHR Adds Core HR, Benefits Management and Payroll to Arcoro’s End-to-End solution. DES MOINES, Iowa – October 1, 2018 – Arcoro, a proven provider of human capital management (“HCM”) solutions for high consequence industries , announced today that it has acquired InfinityHR, an innovative leader in Human Capital Management. Arcoro, which is backed by Providence Strategic Growth Capital Partners L.L.C. (“PSG”),

PeopleStrategy Partners with Izenda to Deliver Integrated HCM and People Analytics

PeopleStrategy

a leading Software-as-a-Service (SaaS) provider of versatile Human Capital Management (HCM) solutions, announced it has deepened its technology partnership with Izenda, a leader in embedded self-service business intelligence, enterprise reporting and analytics solutions. Izenda enables eHCM clients to explore data in real-time, requiring less time to create reports and leaving more time for analysis. PeopleStrategy, Inc.

The Power Of Holistic HCM

Analytics in HR

Disparate human capital management (HCM) systems result in disjointed HR processes and fragmented employee information in files, spreadsheets and systems. It also results in a lack of visibility and is an inefficient use of HR time and resources. Time & Attendance.

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Your No Nonsense Guide to HSA Contribution Limits and More for Employers

InfinityHR

Depending on the number of times a person will need to visit a healthcare facility, an HDHP will usually result in less expensive costs compared to a traditional healthcare plan. A smarter approach to benefits management. Many organizations struggle when it comes to managing employee benefits, navigating ACA compliance, working through Age-Banded benefits and sending crucial data files to appropriate carriers. ACA Compliance. Time and Attendance.