See All Blog Posts

What is Human Capital Management?

May 05, 2021

Employees are a crucial asset to any organization. And like other company assets, a strategic process leads to success. 

What is Human Capital Management?

Human Capital Management Defined

Human capital management (HCM) is a combination of processes & solutions that organizations, typically HR departments, use to strategically manage employee functions and values.

What Falls Under the Umbrella of HCM

Human capital management covers a variety of functions and strategic solutions including:

The TRU Value of HCM

A strong human capital management strategy can make a significant impact on a organization's bottom line success. HCM has improved workforce productivity, employee engagement, & even saved costs by:

  • Putting the right person in the right position
  • Increasing workforce retention rates
  • Creating standardized processes & procedures
  • Growing your talent & fostering their strengths

Devoting your organization's time and focus on high-value HCM strategies will keep your workforce running smoothly. By equipping your HR team with a strong HCM toolbox, they can focus on less time with inefficiencies and more time investing in your employees. 

 

How HCM can be the Solution TO Success

Human Capital Management Technology allows organizations to optimize and scale their HCM strategies. By automating HCM, organizations create efficient processes to manage a diverse workforce in an intuitive, impactful way—all while controlling labor costs and lowering compliance risk. The result? More time spent engaging with your teams to achieve business goals. 

 

Solutions a HCM Platform Can Provide

  • INCREASE EFFICIENCY 

    with configurable workflows and customizable notifications and alerts

  • DRIVE ACCURACY

    of employee withholdings with automated tax table updates

  • EMPOWER EMPLOYEES 

    with a mobile app and self-service tools that reduce administrative tasks

  • MANAGE EXCEPTIONS 

    including missed punches and early/late arrivals, in real time

  • DELIVER INSIGHT

    with real-time, highly configurable, ad-hoc reporting— standard prebuilt reports included

  • GO PAPERLESS

    by streamlining processes and easing the administrative burden

  • POWERFUL REPORTING

    enables access to view real-time data from multiple devices

  • MANAGE COMPLIANCE

    with a powerful tool that keeps you updated and in the know

  • STORE AND TRACK

    all employee data in one location

     

HUMAN CAPTIAL MANAGEMENT SOLUTION

InSpireHCM Platform

Every business has diverse workforce needs, and one solution does not fit all. TruPay's human capital management platform is scalable to fit the exclusive needs of your workforce. We can build an HCM experience tailor-made for your bottom line success.

 

Request more information about our HCM solution that drives success. 

Learn More

Need more information about TruPay?