The records provide managers with the information they need to make decisions that are based on data. HOC software streamlines and automates many of the day-to-day record-keeping processes and provides a framework for HRS staff to manage benefits administration and payroll, create map out succession planning and document such things as personnel actions and compliance with industry and/or government regulations.
IMPORTANCE OF HOC 1 . Human Capital Management is essential for hiring, managing, training and retaining talented and high performing employees. Human Capital management plays an important role in the recruitment process. It ensures that human resource professionals hire individuals who really deserve to be in the organization. Recruiting the right talent is of utmost importance. An individual who is not fit for a particular role will not be able to contribute much in the long run. 2.
Human Capital management plays an Important role In orienting a new employee to the system. Boring and meaningless Induction programs lead to confusions and an employee eventually loses Interest In the organization. Employee should not be loaded with unnecessary information, the very first day he steps into the organization. Otherwise, he/she will run away. Employee should be made feel comfortable. Order lunch from outside and ask all his team members to have lunch together. Such small initiatives go a long way in breaking ice among team members. 3.
It is essential for employees to upgrade their knowledge with time to cope up with he changing situations. Human Capital Management helps in training the employees and making them indispensable resource for the organization. Motivate employees to take up special courses or online programs which would help them in their Job. Employees who do not brush up on their skills from time to time find It difficult to survive In the long run. Inculcate the habit of reading. Internet Is also one of the good options to keep oneself abreast with the latest developments.
Shish and whose future value can be enhanced through investment. An organization that 2. Human Capital management plays an important role in orienting a new employee to the system. Boring and meaningless induction programs lead to confusions and an employee eventually loses interest in the organization. Employee should not be their Job.