At a time when technology has made office work easier and more efficient, HR departments at many companies still rely on the same manual processing and management that they did decades ago.

Fortunately, this is starting to change with the release of a slew of new software platforms specifically designed for streamlining the management of employees. The most comprehensive of these software suites are known as human capital management programs, which provide tech solutions for nearly all HR needs concentrated in one place.

What Is Human Capital Management?

Human Capital Management, or HCM, is a buzz in the world of human resources—and for good reason. HCM leverages the information gleaned from regular, everyday HR functions to manage employees more strategically.

HCM begins when an employee is still being recruited and ends when that employee retires. Using data analytics, artificial intelligence (AI), and other digital tools, HCM allows employers to create a custom experience for each employee complete with incentives, salary management, and benchmarking. This new system helps keep employees engaged, which in turn helps with productivity and retention.

This strategic, proactive approach to HR is usually also combined with a more streamlined system for managing routine HR tasks like payroll and absence management. Combining all these pieces together creates an HR department.

What Is Human Capital Management Software?

Human capital management puts all the administrative tools that HR teams need in one place. These programs use powerful data analytics tools to help HR departments make more strategic decisions.

One of the highest rated HCM programs is UKG Ready. This system offers a full suite of automated, scalable tools that integrate HR, time and attendance, payroll, and more through a unified platform that can be accessed remotely from any location. UKG Ready lets HR departments shed the tedium of manually maintaining employee files and keeps everything in one, easily accessible location.

How UKG Ready Can Help

  • One source of truth:In a traditional employee filing system, information is often duplicated in multiple locations, leading to confusion and inefficiencies. With UKG Ready, all employee information is in one place and can be accessed from multiple sources. This single source of information gives managers one universal truth to work from, eliminating confusion.
  • Cloud-based apps:Many employees now have the option to work from home or at another remote location outside the office. With UKG Ready, employees and managers can access tools and data from anywhere, so they can have information at-the-ready when they need it and not just in the office. With the hybrid workforce here to stay, the flexibility of UKG Ready can make life easier for companies and team members alike.
  • Compatibility:Implementing a new software system can disrupt the previous protocols that companies have in place. UKG Ready is compatible with third-party apps so businesses can integrate all their processes and systems.
  • Targeted recruiting: Recruiting is time consuming, but with UKG Ready, companies get access to trends and simple tools for getting the word out to the best candidates.
  • Strategic efficiency: UKG Ready comes with powerful analytics tools that give businesses insights into where their inefficiencies lie, helping employees and the business perform better.

For many companies, powerful HCM tools like UKG Ready are best obtained through outsourcing HR. Contact LBMC Employment Partners today to learn more about HR outsourcing and UKG Ready, including how both can ease the burden of Human Capital Management for your company.

See what clients are saying:

“LBMC EP is well worth the time and service. If they weren’t handling our payroll, HR, and insurance needs, we would be in a bind having to figure out how to get it all done on our own.” -Loretta Bowling, Chattanooga Oncology & Surgical Associates

“Excellent customer service combined with vast human resources knowledge are two major reasons other companies should consider partnering with LBMC EP. They can also effectively implement their payroll system with yours to keep things functioning and moving smoothly in the transition.” -Linda Moore, John J. Campbell Co., Inc.

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