HCM Tools for Talent Management
HCM Tools for Talent Management

HCM Tools for Talent Management

We’re witnessing a historically good job market—good for job seekers, but ultra-competitive for employers. And while there continues to be a lot of emphasis on finding and recruiting new talent—which is all well and good—don’t forget the importance of growing and developing the talent you currently have in your workforce.

One way to put the focus back on talent development is to re-think the way we talk about HCM software. If we think about HR technology from a “human resources management” or “human resource information system (HRIS)” perspective, the focus is on streamlining the HR processes. Which is important insofar as it saves your HR team from excessive administrative work, but it only gets you so far.

Instead, think of your HCM suite as a performance management platform or a talent management suite. Ask yourself: Does my current human capital management system help me engage, retain, grow and develop talent? This is a critical question because industry-leading HCM platforms will offer true workforce capability, not just administrative HR.

How HCM Tools Help Develop Talent

An industry-leading talent management system should deliver a best-in-class experience and work with any existing systems you currently use for workforce management. When evaluating HCM software, make sure it’s the right fit for your workplace. For starters, make sure it has the following features:

onboarding icon

  • Onboarding — If you’re not reaching out to your employees before their first day, you could be missing a key opportunity. Show them they’re joining a supportive team by answering questions, offering encouragement or giving instructions ahead of time. Make sure they start their first day on the right foot.

  • time and attendance icon

  • Time & Attendance — Give the power to the people! With employee self service, individuals can search your company intranet to find information or answers to lingering questions. They can also manage their own PTO and keep an eye on their schedule.

  • lms icon

  • Learning Management — Make learning accessible for anyone. Design various learning tracks for different work groups and let employees learn at their own pace. Maximize the learner’s engagement and retention.
  • performance management stars


  • Performance Management — Create and maintain employee reviews with customizable online forms, weighted scoring and side-by-side feedback.

  • ”employee

  • Benefits — Use HCM technology that helps you select the most attractive benefits for a diverse, multigenerational workforce.

  • payroll dollar sign

  • Payroll — Confidently pay employees accurately and on time. Nearly 80% of American workers live paycheck to paycheck (according to a recent CareerBuilder study), and you don’t want your employees to disengage because they’re worried about not getting paid.
  • Modern HCM tools should be intuitive and offer you every opportunity to engage and retain your workforce. From selecting the perfect benefits package to registering for a financial-planning seminar, your employees should have easy access to all HR has to offer.


    Paycor guided hr software tour

    More to Discover

    Banker

    Paycor + Regions Bank: A Homerun Partnership for the Birmingham Barons

    Paycor + Regions Bank: A Homerun Partnership for the Birmingham Barons

    Providing fans with an unforgettable experience is paramount for the Birmingham Barons. From sales and ticket takers to concessions and ballpark operations the entire Barons staff plays a vital role in making home games at Regions Field a can’t miss event for the community. And as preparation starts for opening day, hiring takes off. With nearly 700 seasonal employees hired each year, the Barons rely on Paycor to help automate manual HR processes like payroll, reporting and timekeeping.Check out this video to learn how Paycor has increased efficiency and streamlined HR operations for the Barons.

    Broker

    How to Help Your Clients Prove Their Value to the C-Suite

    How to Help Your Clients Prove Their Value to the C-Suite

    HR professionals are sitting on a goldmine of data, but they’re constantly fighting an uphill battle when it comes to proving their value to the C-suite. For starters, they aren’t data scientists and often lack the support, resources and budget needed to make sense of the data, let alone measure its financial impact.In 2015, 20% of business leaders trusted HR to use data to anticipate and help fill talent needs. By 2018, that number dropped to only 11%. The problem is twofold: some HR teams (especially if you are a solo practitioner) still spend too much time on transactional HR functions that should be automated. That doesn’t leave a lot of time for much else. Secondly, HR often doesn’t have the tools they need to access or interpret...

    Webinar: Meet Paycor Analytics - The Next Generation People Analytics Platform

    Webinar: Meet Paycor Analytics - The Next Generation People Analytics Platform

    It’s here! Paycor Analytics, the next generation people analytics platform that will transform the way you manage your workforce, is now available. Paycor Analytics provides user-friendly insights to help you answer the right questions about your workforce by transforming complex data into trends, predictions and powerful benchmarking so you can make business critical decisions every day.Give us 15 minutes of your time and we’ll show how Paycor Analytics will change the way you answer important questions about your workforce.

    HR

    HR Metrics Cheat Sheet

    HR Metrics Cheat Sheet

    The answers to HR’s most pressing business problems—everything from troubleshooting a recruiting pipeline to predicting labor costs, overtime and turnover—are in their company’s HR, payroll, ATS and time systems. But HR professionals are constantly fighting an uphill battle. They aren’t data scientists and they often lack the support, resources and budget needed to make sense of the data, let alone measure its financial impact. The ONE THING high-performing HR teams do differently. Paycor reviewed proprietary data from nearly 3,000 customers and found that many standard HR and recruiting metrics are tactical, in that they track project management, or, at most, basic dollar-in, dollar-out cost analysis. The most successful HR teams map...