Human capital management (HCM) software can help streamline the process of hiring and training new employees in virtually any industry. To put it simply, HCM software organizes and improves the ways a company recruits, develops, manages, and optimizes a workforce.
Using software to complete these tasks will make it easier for a company to deploy its workers. That way, all employees can stay productive and help grow the business.
Recruiting New Talent
HCM software can be used for every step of the onboarding process. Essentially, the software allows hiring managers to publish ads about the available position to job boards. When candidates submit resumes, the software can be set to automatically filter qualified candidates. With this simple function, hiring managers can now dedicate far less time to sorting through underqualified candidates and can work towards filling the position faster.
Filtering through resumes and applications can include categories like educational background, location, years of experience, licensure, criminal history, and a variety of other characteristics needed to properly fill a position.
Once automatic filters have reduced the mountain of applications into a much more manageable selection of qualified candidates, HCM software can also reach out to candidates via automation to schedule interviews. From there, hiring managers can use their best judgment based on the impressions given during the interview to select a new hire.
Onboarding And Training
The HCM software’s benefits extend far beyond just the hiring process. It can also be used to initiate employee training. Specifically, HCM software can host different courses and training programs for employees of all levels, whether they’re new hires that need to be onboarded or established employees who need to improve their skills and periodically relearn techniques.
Management can offer training programs on one convenient platform, monitor employees’ progress, and analyze their strengths and weaknesses. From there, a manager can determine whether employees need additional training to keep them and the company moving forward as efficiently as possible.
By encouraging and monitoring employee development, companies can keep their turnover rate low and retain the highest available talent. Workers feel more secure and satisfied with their jobs when they’re frequently given opportunities to improve their performance and increase their field-related knowledge.
HCM software can provide invaluable benefits to both employers and employees. By simplifying the recruiting process and freeing the hiring department’s time to more efficient practices, businesses can ensure that they’re hiring the right person to fill an open position.
Additionally, by providing employees with digital onboarding, training, and enrichment courses, companies can ensure that their employees are up-to-date on specific skills. Rather than dedicating an entire workday to performance improvement meetings that so few people actually want to attend, training can be offered with a more individualized approach. This way, employees can complete their courses on their own time, which allows them to fully absorb the information covered in the coursework
