06 Nov Benefits of Human Capital Software
Human capital management is an approach to employee staffing that perceives employees of an organization as assets whose value can be quantified and whose future value can be nurtured and enhanced through continuous engagement and investment. A company with good human capital capabilities supports the personal growth of employees within the organization through a series of engagement processes held responsible by managers and supervisors.
Integrated Talent Management Features
Human capital software is often used interchangeably with human resources software. However, they differ from a strategic standpoint. Human capital software focuses on building a effective workforce through communication, defining goals and objectives and continuous improvement. HCS focuses on an employee’s growth as a long-term investment. For this reason, HCS is often integrated with talent management features that include:
- Performance Management
- Compensation Management
- Recruitment Management
- Succession Planning
Benefits of Human Capital Software
Using human capital software allows managers to make smarter decisions and help the company transform traditional human resource functions into something that is much more intelligent and non-transactional in nature. By introducing talent management capabilities, the company is able to easily capture data points upon which to do detailed analytics and from there, understand how to optimize employee engagement strategies.
Qualified talent within the market is becoming increasingly scarce. Because of this, employee retention through engagement and motivation is becoming increasingly important. Using human capital software can also bring about the following benefits:
- Higher transparency between employees and management decisions
- Save time from doing repetitive, manual tasks
- Track employee performance to craft better compensation strategies
HRsoft – The Human Capital Software Leader
HRsoft is an award-winning talent management software company that specializes in cloud-based HR solutions built to improve manager effectiveness and business results. Our complete suite of configurable HR SaaS software integrates with any HRIS and include best-of-breed solutions for applicant tracking, compensation planning, total rewards, performance management, stay interviews, content management and more. To learn more about our suite of talent management solutions, click the button below!