What does HCM Stand For?
HCM stands for Human Capital Management, a strategic approach to managing an organization’s workforce. It encompasses a range of activities, including recruitment, on-boarding, performance management, learning and development, and workforce planning. HCM places a strong emphasis on viewing employees as valuable assets and aligning HR practices with organizational goals.
Introduction to SAP Human Capital Management (HCM)
SAP HCM, or SAP Human Capital Management, stands as a comprehensive suite of software solutions designed to streamline and optimise human resources processes within an organization. As a fixed component of SAP’s ERP (Enterprise Resource Planning) offerings, SAP HCM provides a unified platform to manage an array of HR functions, including personnel administration, organizational management, time management, payroll, and talent management. This article takes a deep dive into the world of SAP HCM, exploring its key components, functions, benefits, and integration with SAP ERP.
Table of Content
- What does HCM Stand For?
- What is SAP HR?
- What is SAP HCM?
- SAP HCM Modules
- Key Components and Functions of SAP HCM
- Benefits of SAP HCM
- Integration of SAP HCM and SAP ERP
- Conclusion
Contact Us