Human Capital Management Software Solution

What is Human Capital Management Software Solution?

Human capital or people are the most valuable asset for a company. An organization has to manage its human resources adeptly to achieve its goals. Human Capital Management comprises strategies and tactics to make employees more productive and efficient. Companies need a Human Capital Management Solution that takes care of traditional but essential human resource management functions such as recruitment, payroll, performance appraisal, and modern HR practices like HR Analytics, Succession Planning, Retention Strategy, and HR Compliance.

HRMS solutions developed by NCrypted Technologies merge technology into the most well-established HR processes so that the company can handle human resources in the current competitive, and changing business environment. Our team with expert HR practitioners and capable technical professionals have developed HR products that fulfill the following functions -

Applicant Tracking

The Applicant tracking system streamlines the recruiting, application, and hiring process for employers. Applicants can apply for jobs in it. Hiring managers can contact them, schedule tests and interviews, and inform them about acceptance or rejection through the module. It will be integrated with the workforce management module and payroll system so that the information can be shared.

HRMS and HRIS

The terms Human Resource Management System and Human Resource Information System are used interchangeably today. They manage HR policies, processes, and people in an organization. Some of the key functions of these modules are -

• Provision of a centralized database of employees, processes, and policies - Information can be added, updated, stored, accessed, and archived as required.
• Employee onboarding:Employees can complete their onboarding process with the help of automated workflows, checklists, and scanned documents. This eliminates physical paperwork and ensures the process is completed and recorded.
• Self-service modules :Employees can get access to their payroll information, role and designation data and execute tasks like applying for leave, request for training, and complete performance review documents.
• Payroll: These systems can manage the payroll process right from calculation of pay, deduction of taxes, generation of payslips to integration with the financial systems.
• Device Management:Many organizations offer devices to employees that can be taken away from the premises. Other companies have a BYOD (Bring Your Own Device) policy. This module takes care of device onboarding, device provisioning, status verification, security control on device, and retrieval of devices as required.
• Identity Access Management:This module can be integrated with the central IT system to control and monitor access of employees to all HR systems, IT directories, and applications. The company can grant and revoke employee access to applications based on employee status and security policies here. The module takes care of SSO access and monitoring user activity.
• Reporting:Generate tactical and strategic reports on employee information, employee performance data, employee taxation, and incident reporting and analysis.

Workforce Management

This module manages multiple functions -

1. It is integrated with the recruitment management module so that the hiring of candidates can be initiated.
2. It handles capacity management of human resources across multiple departments and global locations.
3. It analyzes, plans, and balances demand and capacity.
4. It handles time management. It tracks employee time using biometric tracking, RFID tracking, and web-based clocks. This data can be integrated into relevant systems for project management reports and invoices.
5. Absence management is done here. It monitors employee leave, tracks vacations, and integrates the data into the requisite employee productivity reports.

Workforce Performance Management

Both the organization and the employee need to have a quantitative assessment of the employee’s performance. Our module supports HR features such as performance review, performance appraisal, and alignment of individual and business goals to optimize performance.

Talent Management

It supports processes related to sourcing and recruiting candidates, assessment tracking, and reporting on skills, learning capacity, experience, and interview feedback. There are features for performance analysis and learning and development.

Employee Compensation and Rewards

Our innovative solution assures precision in payroll and compensation management. It provides fixed and flexible compensation administration. It can handle bonuses, expenses reimbursements, and out-of-process payments. It can calculate tax, deduct tax, and also file taxes as required by law. It also provides reports on payroll data, taxes paid, and compensation analysis across various custom parameters that provide inputs to manage overall employee costs.

HR Compliance and Reporting

Human resources (HR) compliance is essential for any organization to be successful in today’s legal environment. NCrypted’s HR programs possess features to ensure compliance such as distribute current versions of important documents to groups or individual staff to be read and acknowledged, send automated reminders for compliance steps, track employees read/unread status on e-mails and documents related to policies and processes, schedule and Implement and Report on HR compliance audits.