Human Capital Management (HCM)

Make your recruiting and hiring easier

An HCM system should have features to facilitate recruitment. It can help you market your job openings, easily connect with candidates, recruit on social platforms and manage employee referral programs.

• An HCM streamlines and centralizes job application profiles within the platform and tracks communications with applicants.
• It automates the creation of a new employee’s profile using data from the application profile.
• The HCM allows the creation of tasks to be completed by new employees such as contract signing, psychometric tests, etc. and to transfer important administrative documents to them.
• It helps manage and track completed onboarding sessions.
• An HCM highlights company-wide hiring statistics, including status (full-time, seasonal, etc.), department, location, etc. and helps fill gaps in the various departments. Real-time updated reports can be created.

Managing employees and their well-being at work is an integral part of any good HR department strategy. HCM tools allow for performance management and goal tracking, relevant training, and planning an employee’s career within the company.

• A good HCM contains tools to help manage an employee’s performance by setting milestones and establishing reports during coaching sessions with the manager or mentor. It enables you to listen to the employee’s needs or prevent problems by providing support and timely solutions.
• It can help propel a career within the company by appropriately targeting training needs and opportunities for advancement. At Big Bang, with the support of their mentor, employees are encouraged to create a development plan based on their ideal career path.
• An HCM allows for the tracking of internal training as well as external knowledge, certifications and degrees. A company looking for a specific profile is therefore able to validate a candidate’s certifications easily. In the same way, if there is a notable gap in skills in a specific field, it is also possible to readjust the situation by suggesting that the employee receive appropriate training.

• HCM systems centralize employee information and documents relevant to HR departments. Employees can edit their personal information such as home address, phone number and email address.
• An HCM offers the ability to view the company’s organizational hierarchy and quickly find an employee’s manager and team.
• It helps manage vacation, sick leave and other employer-granted leave.
• It allows you to see in one click the employees who are absent or on vacation as well as the anniversaries. Integrating the HCM with applications such as Google Calendar to view this information is also possible.

Increase efficiency through task automation

• With the help of task automation and centralization of information needed for human resources, your business will see a rapid increase in efficiency. Task automation reduces the risk of human error and eliminates cumbersome, time-consuming manual processes.
• With the right HCM software programmed to your needs, you will have access to relevant information in real-time, which can greatly improve your talent management and overall HR experience.

Not only does an HCM allow you to recruit better candidates, which at the source also contributes to improving your retention rate, it also helps to:

• Raise the difficulties encountered by the employee during coaching sessions, for example, and offer adequate support.
• Offer flexible solutions such as remote or hybrid work for a better work-life balance and thus improve employee retention.
• Highlight good deeds and encourage recognition (kudos) given by colleagues.
• Offer training relevant to the employee’s chosen career path.
• Reduce turnover by offering internal promotions based on combined performance data and boost your employees’ careers.
• Offer time off once an employee has accumulated a day to improve employee satisfaction and reduce burnout.

Reduce errors with HCM

• Centralize and integrate employee data in one place for the entire company.
• Reduce errors related to pay, vacation and sick days. An HCM system allows you to account for up-to-the-minute leave entitlements.

Laws are becoming increasingly complex and telecommuting has opened the door to the possibility of hiring international employees. How do you navigate this?

An employee in France will not be entitled to the same vacations and their compensation will be different from that of a Canadian or American employee. An employee’s compensation, vacations and benefits must therefore take into account the laws applicable internationally, provincially and/or federally. An HCM helps reduce errors related to these specificities by respecting tax and legal compliance.

The management of sensitive data is also a subject that HCM solutions can handle. To be able to trust your HCM system in the management of personal information of your employees is essential, confidentiality and access to data must then be a central subject, and a guarantee offered by the HCM.

Here is a list of what must absolutely remain confidential:

• employee data (addresses, date of birth…)
• production data (customer, margin, working methods…)
• personal data (marital status…)
• medical data (sick leave, absences…)
• payroll data (salary, bonuses…)
• organizational data (shareholding, company assets…)