(HCM) software stands for Human Capital Management, an extensive series of practices concerning the human resources in an organization.

From recruiting, managing, developing and optimizing their abilities and efforts that lead eventually to maximize the organization business value.

HCM software can be as a component of ERP system or as a separate tool which is typically integrated with ERP.

Why your organization needs SAP HCM?

SAP ERP HCM supports key business activities:

Talent management

• Improve retention of key talent.
• Improve employee satisfaction and engagement through personalized development programs.
• Increase organizational performance.

Core HR and payroll

• Mitigate any risk imposed from new regulations and legislation, locally and globally.
• Improve operational efficiency of HR department and lower cost of compliance and employee administration.
• Reduce HR and payroll cost per employee.
• Reduce total cost of ownership with single instance for multiple countries.

Recruiting:

• Source, engage, and hire the best talent with intelligence and guidance along every step of recruiting – from sourcing and candidate experience to applicant management.
• Help ensure that recruiting practices are comprehensive and simple enough to allow recruiters and managers to quickly hire the right talent.

Time and Attendance Management

• Empower employees to manage their time-related information with greater ease on their mobile device of choice.
• Managers can access their team members’ time-tracking information and quickly approve time-off requests.

Organizational Management

• Make different people work under a common platform towards achieving a pre-defined goal.
• It ensures a smart management of time and resources in the workstation.

Personnel Administration

• You can manage all modern personnel administration tasks with this application component.
• Relieves you from the daily administrative routine activities which are costly and time consuming, while simultaneously supporting you in demanding planning activities.

Benefits Management:

• Benefits play an important role in the total compensation that employers offer to attract and retain the best employees possible.
• Benefits Management offers employers a flexible framework for creating and managing tailor-made benefits packages for their employees.
• Its versatile configuration options enable employers to offer a diverse range of benefits and to accommodate even complex plan definitions.

Travel Management

• Supports all processes involved in handling business trips.
• It is integrated with settlement, taxation, and payment processes.
• Enables you to request, plan, and book trips, create expense reports, and transfer expense results to other business function areas.