By Truptipriya Nath
For Human Capital Management to truly be a value-added, strategic entity focused on people management, it needs a comprehensive vision. This vision should include multiple foundational elements that portray the transformation roadmap from automation to strategic HCM. To realize this vision and establish the necessary groundwork, the correct methodology is imperative. A strategy incorporating four key elements can greatly facilitate this:
1) An efficient, effective, integrative process design that clearly defines roles.
2) Suitable job and competency content that can expand to back all your talent management operations.
3) An integrated technology platform that can effectively use talent data and content for improved implementation.
4) Advanced analytics that help make well-informed talent decisions throughout the organization.
Numerous organizations continue to use spreadsheet-based solutions for their HR needs, operating in isolation with a focus on individual use-cases, rather than adopting a comprehensive enterprise-wide approach to address their complete organizational requirements.
Nonetheless, the straightforward truth is that incorporating process, content, and systems is a daunting task that requires far more than just an understanding of your processes. It also necessitates a deep comprehension of the basic elements that propel these processes and the necessary software infrastructure to support them effectively. A prime illustration of these foundational elements is job profiles and competencies; these consider the vital skills, behaviors, and other Knowledge, Skills, Abilities, and Other Characteristics required for efficacious business operation at various tiers. Absent precisely defined job profiles specifying the expectations and duties for each role, doing more than merely automating processes becomes considerably challenging.
Fully integrated organizations are observed to achieve remarkable efficiency in terms of fostering employees with apt skills, enhancing worker productivity, placing individuals in suitable roles, and retaining premier performers, amongst various vital Human Resource (HR) key performance indicators (KPIs). The most influential amongst these is worker engagement which profoundly impacts an organization's performance.
A well-articulated HCM strategy, coupled with an appropriate integrated tech platform like integrated human capital management could make your organization more competent. It will help you to maximize your most vital resource and differentiator - your personnel.