What is SAP Human Capital Management (SAP HCM)?
SAP Human Capital Management (HCM) is SAP's integrated software package for efficient human resource management. It contains a variety of features that facilitate the management of human resources, hiring, development, training, compensation, and recruitment. SAP HCM offers complete management of employees and their pay. It includes features such as payroll accounting, time management, performance monitoring, and personnel file management. With talent management solutions from SAP HCM, companies can even track the performance and development of their employees.
The comprehensive functions of SAP Human Capital Management include:
- Human Resources:
This includes the planning, management and control of human resources as well as the development and implementation of HR strategies. - Human Resources Management:
The scope of human resources management includes developing and implementing HR strategies, monitoring performance data, creating development plans, advising employees on their careers and selecting suitable people for specific tasks. - Personnel diagnostics:
With SAP Human Capital Management, the process of systematically collecting, analyzing, and evaluating data about people and organizations can be optimized to improve human resource performance. - Compensation:
This includes developing and implementing compensation programs, compensating employees based on performance, monitoring the wage and salary structure, and reviewing compensation practices. - Legal/Compliance:
SAP HCM helps ensure compliance with laws and regulations that apply to companies and employees. - Recruiting:
With SAP HCM, companies can manage the entire recruitment process from ad creation to hiring.
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