article thumbnail

Beyond Reporting: Empowering HR Professionals with Actionable Insights

Netchex HR Blog

In today’s fast-paced business environment, Human Capital Management (HCM) platforms play a crucial role in helping HR professionals streamline their processes and make data-driven decisions.

article thumbnail

How to ensure a smooth and successful open enrollment

PeopleStrategy

Under the wrong circumstances, open enrollment can create many challenges for HR and employees alike. With adherence to certain best practices and a versatile human capital management platform, your company can avoid the potential pitfalls of OE and roll out your benefit program efficiently and successfully.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is People Analytics, and how does it benefit HR?

Business Management Daily

Thanks to artificial intelligence and machine learning, HR data analytics software is more powerful than ever, with enhanced analytics capabilities due to AI’s ability to draw insights from data sets too large for humans to comprehend. Don’t forget to include essential demographic information about your employees.

article thumbnail

Human resources tech trends to watch in 2021

Business Management Daily

HCM (human capital management). Benefits administration software to manage employee benefits. Payroll management tools for compensation management. Tools to manage talent or manage employees. Workflow, scheduling, or resourcing tools.

article thumbnail

9 Effective Talent Management Strategies in 2024

Engagedly

One such innovative idea can be to provide employees with a Flexi Benefit Plan (FBP). This employee benefit plan allows employees to choose a few components of their CTC per their requirements and preferences. The metrics help gauge an organization’s success using certain indicators.

article thumbnail

The 7 best HR analytics software options for today’s workforce

Business Management Daily

Do you have a way to visualize crucial HR metrics like employee engagement , performance management , and time tracking? That’s where the tool uses standard industry ‘benchmarks’ to compare to your HR metrics. If not, then consider adopting an HR analytics software program so you can start making data-driven decisions.

article thumbnail

HRIS 101: All You Need To Know in 2024

Analytics in HR

An HR Management System (HRMS) offers all the functionalities of the HRIS and, on top of that: Recruiting & applicant tracking Onboarding Performance management Employee engagement A Human Capital Management (HCM) system offers all the functionalities of the HRIS and the HRMS, as well as additional features.