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Making a business case for HCM software implementation
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As companies strive to maximize their investments, many are considering human capital management (HCM) technology to help manage the workforce -- often their largest expense. But achieving the purported benefits of HCM systems -- lower turnover costs, for example -- is not easy. Disconnected systems, ancient human resources’ processes and a constantly changing workforce can keep companies from succeeding at human capital management initiatives.
Written by veteran IT journalist Sue Hildreth, this three-part guide puts a spotlight on HCM applications in the enterprise. For IT managers, the first step toward implementation means building a business case for investment in human capital management software. Several things make that a challenge, but chief among them is convincing executives that a change in software will help the bottom line. That takes a strong argument and even stronger financial figures, Hildreth writes.
Next, it’s time to decide between software-as-a-service and on-premises HCM systems. According to some analysts, SaaS systems are easier to manage and relieve IT departments of maintenance headaches. Choosing the right one -- along with applying some basic planning and data cleansing processes -- will put organizations on the path to HCM success.
Table Of Contents
- Want new HR technology? Show execs the money
- New considerations for HCM systems
- Take your time with HR system integration
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