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Human Capital Management is the process of acquiring, training, appraising, and compensating employees and attending to their labour relations, health and safety, and fairness concerns.
An HCM System (HCMS) is a software application that combines human resources functions including recruiting and training, performance analysis, benefits administration, payroll and review into one package. A Human Capital Management Information System (HCMIS) is a systematic procedure for collecting, storing, maintaining, retrieving and validating data needed by an organisation about its Human Capital, personnel activities and organisational unit characteristics. In today’s corporate world, Human Capital Management (HCM) has come to play a very critical role in business. It is used in employment, redeployment, training and even motivation. The human resource department of any organisation enjoys a central role in not only formulating policies, but also streamlining operational process. To make a human resource department more effective and efficient, QEDO deploys a multi-tenant cloud HCMIS.
QEDO’s focus, keen understanding and in-depth knowledge of the HR and Payroll industry has enabled it to provide organisations with relevant and pragmatic Human Capital Management solutions.
PaySpace offers an intuitive and modern payroll solution that do away with some of the legacy payroll approaches (like the month end pay-run concept) and simplified data capture capabilities for Human Capital Management by embedding legislation into the software, thereby minimising the numbers of fields and forms a user would be required to complete.DOWNLOAD BROCHURE
Dan Wilkins, President - Bell and CompanyGet the Full Story >