In today’s business environment, to keep pace with the continuous changes, it is very important to develop new strategies and execute them in a rapid and effective manner. The successful execution of the strategies is highly dependent on the workforce of any organization. Thus it becomes important to utilize and optimize the resources in an efficient way.
The HCM Suite from SuccessFactors provides an integrated talent management tool which is a highly chosen SaaS based software. The application helps in transforming the business strategies into measurable outcomes by reducing the complexity of HR processes and increasing the employee engagement.
HCM Suite includes features such as:
- Employee Central – The tool captures employee, organizational and talent data in one solution to deliver better results
- Onboarding – By integrating hiring managers, new hiring and onboarding connect with the talent management activities, the strategies designed improves the job satisfaction.
- Recruiting – The solution helps in attracting better candidates and then measuring their performance on the basis of results.
- Compensation – people are paid based on the achievement in order to retain top talent and increase the productivity.
- Performance and Goals – The monitoring of goal progress can be done in real time and then the employee’s performance can be rewarded according to the business results.
- Learning and Development – Learning activities can be aligned with competency gaps with a Learning Management Solution (LMS) which provides instructor led formal training.
- Workforce Planning – The workforce information is available in detail to forecast the results of business decisions and take action.
- Workforce Analytics and Reporting – The actionable insights can be delivered by combining talent and business data to understand and utilize the information.
- SAP Jam – It is a private social network where everyone can share their expertise which can improve employee productivity and teamwork.