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Research Article | Open Access
Volume 9 2017 | None
Choosing the Right HCM Tool: A Guide for HR Professionals
Harish Kumar Reddy Kommera
Pages: 191-198
Abstract
In the contemporary business environment, effective Human Capital Management (HCM) is pivotal for organizational success. The selection of an appropriate HCM tool is a critical decision that can significantly influence HR operations, employee engagement, and overall productivity. This paper provides a comprehensive guide for HR professionals on choosing the right HCM tool, outlining key considerations, evaluation criteria, and best practices. Through an extensive literature review and analysis of industry case studies, the study identifies essential features, integration capabilities, scalability, user experience, cost-effectiveness, and vendor support as critical factors in the selection process. Additionally, the paper discusses common challenges faced during HCM tool selection and offers strategies to mitigate them. The findings underscore the importance of aligning HCM tool selection with organizational goals, workforce needs, and technological infrastructure. Future research directions are proposed to explore emerging trends in HCM technologies, including artificial intelligence (AI), machine learning (ML), and predictive analytics, to further enhance the decision-making process for HR professionals. The insights provided aim to equip HR leaders with the knowledge to make informed decisions, thereby fostering a more efficient and engaged workforce.
Keywords
Human Capital Management (HCM), HCM Software Evaluation, Talent Acquisition, Employee Engagement, HR Analytics
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