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What Is Human Capital Management & Why Is It Important?

HR Tech Girl

The practice of human capital management, or “HCM” for short, has become increasingly prevalent in the last few decades. One is that people recognize that an organization’s workforce is its greatest asset. The second is that, for many companies, the cost of their workforce is often their greatest expense.

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Should You Use an HRIS Platform for Performance Management?

15Five

The solution is to use performance management software that integrates with your HRIS platform to provide a complete solution for HR leaders. HRIS platform vs. performance management system: what’s the difference? While the HRIS serves as your system of record, the performance management platform should be your system of action.

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Why HR data literacy skills drive better decision-making

Bob

survey rated their HR technology implementations as either failed or not fully successful two years after onboarding. Workforce planning teams Workforce planning is a complex business, and without the right data, it becomes all but impossible. Incredibly, 42 percent of respondents in a Josh Bersin Co.

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Rising retention: Why it may not be all good news for employers

HRExecutive

While the numbers may have employers breathing a sigh of relief that the revolving door has stopped for the time being, experts say, HR leaders shouldn’t get complacent, as high retention driven by macro trends like the economy could lead to disengaged workforces.

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5 Must-Read Talent Acquisition Articles of 2016

Visier

Measure for Measure: The Evolution of Recruiting Metrics. In this article, leading voices from SHRM’s Talent Management Conference & Exposition come together to outline 12 meaningful steps that can enhance your talent acquisition efforts. Closing the Loop: Linking Workforce Planning, Analytics, and Hiring.

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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. People analytics plays a crucial role in performance management , talent management, and workforce planning.

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Human resource planning (HRP): Meaning, process, and examples

Bob

But with data on current employees to hand, you can predict future workforce requirements. For example, this workforce planning might include supply forecasting—checking whether your current workforce can meet business demands—and demand forecasting—choosing the types and quantity of employees needed to match your future business goals.