What is HCM systems?

HCM (Human Capital Management) systems are software solutions that manage and automate various HR processes throughout the employee lifecycle, from recruitment to retirement. They typically include modules for core HR functions (e.g., employee data management, payroll, benefits), talent management (e.g., performance management, learning and development, succession planning), and workforce management (e.g., time and attendance, scheduling). HCM systems help organizations improve efficiency, reduce costs, and make data-driven decisions about their workforce.