All good things come to an end, so does our three-tier mini course on the ABC of HR-Tech. In this final chapter we’ll deepen our knowledge on the last three definitions on our list: HRMS, Succession Planning and HCA. If you missed parts 1 and 2, you can find them respectively here and here. Now without further due, let’s get started and finish the course.
Before you continue
Subscribe and stay up-to-date with everything recruitment related by receiving a weekly content digest and email updates on new resources!
8. HRMS – Human Resources Management System
“An HMRS is a software application (or a combination of applications) that combines various HR functions. Think of benefits administration, payroll, and performance analysis for example. A Human Resources Management System helps automate repetitive and time consuming tasks.”
The first Human Resources Management Systems emerged somewhere in the eighties of the 20th century. The main reason for using an HMRS, back in the day as well as now, is to support you in your daily activities. This can mean different things to different organisations: automating time consuming administration tasks, tracking employee data or managing recruitment information. Most companies will use an HMRS for various purposes however, as the same system integrates different functions.
9. Succession Planning Software
“Succession planning, as you might expect, is all about the future. Companies think of succession planning to make sure they have enough competent and experienced people ready to succeed current leaders or senior managers when they leave.”
It’s one thing to try and find the best talent out there to join your organisation as a junior associate. It’s a completely different story when one of your senior managers, the person that has been with the company for over a decade, leaves with a short notice. How and where are you going to find a suitable replacement without losing too much precious time? It’s exactly this scenario that organisations want to avoid by using succession planning.
One way of doing this is through talent-pool based, succession planning software. We spoke about talent pools and what to think of when you want to start one a few weeks ago. Here you can read more about this.
Now, back to talent pools in relation to succession planning. How exactly does this work? Depending on the size of your organisation and the number of departments you want to start planning for, you can have a different pool for every division. Each talent pool consists of employees ready to fill the role of someone who leaves. In order to get the people in the pool ready, there is specialised software out there that keeps track of data, determines competencies and makes talent development a walk in the park. This way, succession planning software can help you prepare the next generation of employees to take your company to the next level.
10. HCA – Human Capital Analytics
“HCA, also referred to as human recources analytics or talent analytics, is the application of data mining and business analytics techniques to HR data. The goal of Human Capital Analytics is to give an organisation insights on how to manage employees efficiently.”
Most companies have a common goal: to reach their business targets quickly and efficiently. Data on how to manage employees more effectively can help organisations in reaching their business objectives even faster, which is one of the reasons why they are interested in Human Capital Analytics. The biggest challenge for HCA however, is to decide what data should be gathered, and how to use those data to make predictions about the capabilities of employees. After all, what good is it to have an incredible amount of interesting data if you don’t know how to use them?
Well, that’s a wrap. Thanks for sticking with us for the entirety of the course. We hope you’ve learned one or two things about the amazing world of HR Tech.
How AI & recruitment technology is changing recruiting experience
Find out how tech has helped other companies grow by enhancing both the recruiters’ and candidates’ experience!