6 Main Characteristics of an HCM

#1 Personalization

It should have the flexibility to be personalized by function, location, team, and individual and must be built to handle multiple functions such as benefits management, compensation management, workforce management, and talent management


#2 Compliance

For any organization with operations across diverse locations, compliance with the changing regulatory requirements at all levels - state, national and global is critical along with the ability to handle diverse workforce requirements like multilingual payroll and support


#3 Security and Privacy

It must have robust security measures to safeguard the business process, infrastructure, and sensitive employee data against hacks and other security risks; ensure it has multiple security, backup layers and system redundancy to handle an influx of critical information


#4 Proven Implementation Model

Always opt for vendors with a proven track record of successful data conversions and third-party integrations with a focus on innovating its offerings and enhancing employee engagement


#5 Data analytics

Look for an HCM system that transforms real-time data into insights to promote better decision-making with a centralized data set, configurable analytics, industry-wide comparative analytics, and predictive analytics for forecasting


#6 Employee support

A great HCM software solution should help employees evolve and grow during their lifecycle as an employee, helping foster employee engagement, performance, and overall development


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