Why is Human Capital Management more important than before and how an IT address the ability to attract, identify and track future leaders?
More businesses today are dependent on the human capital than on natural resources. Organizations intend to capitalize on their talent requirements, build a strong brand image to attract the very best, ensure new hires are integrated quickly to maximize productivity, retain high performing talent, and facilitate continuous movement of talent to where they have the maximum impact within the organization. An ability to identify and differentiate Top Talent is central to this need. Talent based organizations top the market cap.
Unique Talent Management systems like - Employee Tagging and Talent Pool, The 9 Box, Behavioral Model, Perspective Model, Talent Score Card, aid organizations to keep in pace with the evolving market conditions
How are you helping corporations lower costs or achieve higher efficiency in handling manpower issues?
Businesses are subject to economic cycles. They are expected to deliver on their commitment to their shareholders irrespective of market conditions. In a down swing, businesses are forced to cut costs, work with reduced support staff etc. Topline growth through existing and new venues remains a challenge at all times. Among the many levers that businesses would want to utilize to achieve their goals, Workforce Management is a critical component.
Matching skills availability with demand is the challenge in question. With its rich features, an integrated HCM such as Ramco's solution is better equipped to provide for such requirements. Processes such as Competency Maps, Time Management, multiple Employee Assignment, Recruitment, and Training present users with an opportunity to use a framework of logically linked processes that help them bridge the gap between demand and supply of skilled Human Resources.
It is not immediately apparent that a backroom function such as HCM or payroll needs to migrate to the cloud and mobile devices. Can you share your insights?
Many processes such as Payroll and Performance are run only once in a month or year. Why would any organization buy hardware and datacenters directly? Putting them on the cloud enables pay-as-you-go...
Tax changes - once effected in a cloud instance, are applicable to all the subscribing customers, automatically. In an On-Premise Enterprise application, patches will have to be applied separately.
Multi-tenancy delivers the requisite capability. An economy of scale in maintenance ushers in affordability for the customer.
Sign up for CIO Asia eNewsletters.