HUMAN CAPITAL MANAGEMENT SOFTWARE SOLUTIONS
AINA FOLASADE OYESOLA
THE DEPARTMENT OF COMPUTER SCIENCE,
FACULTY OF SCIENCE AND SCIENCE EDUCATION,
BOWEN UNIVERSITY, IWO, OSUN STATE.
IN PARTIAL FULFILMENT OF THE AWARD OF B.SC DEGREE IN COMPUTER SCIENCE
PROJECT SUPERVISOR: MR. OYETUNJI
Managing an organization’s most valuable asset effectively and economically requires the ability to standardize key human resource processes across their operations (SystemSpecs 2009). With Human Capital Management (HCM) Software, all aspects of people management feel so natural and intuitive irrespective of organisation size, structure or specific requirements. HCM solution is an outcome of a detailed and exhaustive study of human capital management issues in an educational organization. Human Capital Management Software is designed to handle all statutory requirements and is flexible enough to accommodate various HR and Payroll requirements. Its robustness, flexibility of use and multiplatform availability makes it very effective. HCM software presents to you an exciting world of HR and Payroll management opportunities made possible by the numerous features it offers. This human resource management software provides a web-based human management system from hiring to retirement—including secure, centralized databases for housing vital employee information. It also provides flexible tools for administering multiple progressive benefit plans and a framework for processing complex payrolls. Human Capital Management refers to solutions that manage an organization's most valued assets – its employees – in a strategic and coherent manner. This solution equips executives, human resources (HR) professionals, and line managers to hire the best talent, as well as train and cultivate the skills of their workforce.
Beer, M. Spector (1985) defined Human Capital Management as a field of management that has to do with planning, organising and controlling various operative functions of procuring, developing, maintaining and utilizing a labour force in such a way that: a) objectives for the company established are attained effectively and economically b) objectives of all levels of personnel are served to the highest degree HCM is a process that organisations use to attract appropriately skilled and motivated employees (“talent”); integrate them into their organisations, assess and develop their competences and retain their commitment (StepStone 2008). Its objective is to create an enabling environment for members to enjoy a long, healthy and creative life which would catapult their career as well as nourish and benefit the organisation. It helps organisations to manage HCM activities, reduce costs and administrative time by automating basic HCM tasks and enables organisations to comply with the increasingly complex employment regulations and data protection legislation.
HCM Solutions offers organizations advanced functions for workforce planning, talent acquisition, workforce performance, learning and development, succession planning, enterprise compensation, workforce analytics, collaboration, and HR management. It helps to build a better workforce through HR Information technology to effectively improve people management, enhance productivity, improve effectiveness, facilitate long-term planning, reduce operational costs, and drive organizational performance. It provides the core capabilities global organisations need to manage their human resources according to industry best practices and gain visibility into workforce performance. Human Capital Management includes:
Human Resources—secure role-based and web-based workforce management, from hiring to retirement.
Benefits Administration—everything you need to manage multiple progressive benefit plans while ensuring the security and privacy of health data.
Flexible Spending Accounts—complete in-house tracking and...
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