HCM is the backbone of employee relations

Arguably, this is one of the most standard tools any HR department should have, as it allows your payroll staff to organise employee salaries and payment of bonuses. There are standalone payroll management systems available on the market, but we recommend getting one that is already integrated in a comprehensive HR package.

This can be a very useful tool for medium and large-sized companies, as it facilitates the recruitment process and talent management of prospective applicants. While this is not necessarily a must-have feature for smaller businesses, it’s certainly a helpful tool to have when your company starts growing and you need more suitable candidates for key positions. It will make your recruitment process much easier.

Another popular feature is the ability to effortlessly monitor employee attendance, scheduling, and work hours. There are standalone solutions available on the market, but there are also complete HR platforms that offer time tracking and attendance management as vital features.

If you have a lot of employees, you’re going to need a system to help manage and store employee information. This feature allows you to track and organise all employee data and store them in a safe and secure location in the cloud – or in your local database, if you prefer on-premise solutions.

•  

With this tool, supervisors will effectively mange their employee’s performance, track their progress, and set up goals for them to achieve. And just like with most of the other features, performance evaluation is also available as a standalone or as a part of a comprehensive HR platform.

This feature is specifically designed to let HR teams keep track of employee benefits such as insurance, sick leaves, and annual leave. This feature is often integrated with employee management systems, HR management platforms, as well as HR compliance solutions.

•  

This is ideal for medium and large-sized companies that want to expand or improve the skills and expertise of their employees. This feature can enable your HR department to create effective training plans for key employees up for promotion, or new hires that require extensive training on the job they’re hired to do.

• •  

Most business process solution have some type of reporting and analytics function. Reporting tools are incredibly important as it allows both employees and team leaders to create reports quicker and more efficiently. With analytics tools, user can process all types of vital business information, such as HR data. In return, this knowledge will enable executives to make better business decisions.