External workers account for 42% of all workforce spending, according to research conducted by SAP and Oxford Economics. Contractors, consultants, agencies, and service providers provide quick, flexible access to employees with particular expertise, frequently assisting in meeting an uptick in demand. However, how these employees are managed could have negative effects on your company, such…
BY VIZIO CONSULTING INC. One of the necessary conditions for effective implementation is selecting software compatible with your organization’s needs. You must be even more cautious when it comes to human capital management (HCM) software. HCM software assists organizations in efficiently managing their workforce by automating every essential HR function, such as onboarding, employee training, performance…
BY VIZIO CONSULTING INC. Organizations across industries seek Human Capital Management (HCM) solutions to transform their HR, payroll, and talent management processes. This has been driven primarily by the need to remain competitive in ever-tightening labor markets. However, one of the most important decisions you will make when selecting a new HCM system is whether…
BY VIZIO CONSULTING INC. HRM and HCM, respectively, represent Human Resource Management and Human Capital Management and refer to all aspects of employee management within an organization. HCM is critical for any organization because employees keep the business running. The importance of HRM and HCM grew over the last centuries as developed countries transitioned from product-based to service-based organizations. Organizations realized…
