Netsuite human capital management allows businesses to centralize company information, staff onboarding, compensation changes and more in one easy-to-access location. This boosts employee engagement and productivity by giving workers the necessary tools for success.
NetSuite software, built on its global platform, features role-based security to let managers and employees use role-appropriate queries and tasks while keeping sensitive data protected.
Employee self-service is a feature designed to give employees convenient access to their employment data and other company resources. It may be an independent system, part of larger human capital management (HCM), enterprise resource planning (ERP) or benefits administration software packages.
A cloud-based employee self-service portal can facilitate communication between managers and employees, saving them valuable hours. It also enhances the flow of information between departments and keeps staff up to date on important company updates.
Technology like this can make the work environment more engaging and give workers control over their employment information. It also contributes to creating a positive work culture and helping you retain talented personnel.
NetSuite SuitePeople offers a comprehensive HRM solution that streamlines HR operations. It simplifies data access and integrates HR with other business activities like finance, project planning and budgeting, procurement – making it easier for your team to stay productive.
Performance management is an essential aspect of human capital management. It helps managers recognize when to reward, develop or coach employees as necessary.
The process also helps guarantee employees are meeting company objectives and adhering to applicable regulations, depending on their location. To accomplish this, roles should be defined with objectives aligned with the business strategy, then performance monitored for improvement.
Historically, HR departments managed their functions manually through multiple systems and services. Nowadays, there are numerous solutions that enable HR departments to consolidate all their activities on a single platform.
NetSuite SuitePeople, for instance, is a comprehensive human capital management solution that links HR data with financial, procurement, project, payroll and planning processes.
This software package also provides performance management capabilities, helping to keep employees motivated and productive. The centralized location for setting goals and monitoring progress allows employees to stay on track towards achieving their targets.
One of the most crucial tasks any business must undertake is payroll management. This component of human capital management necessitates extensive data entry and reporting, which often needs to be done manually.
Due to this issue, HR departments must manually link up with finance systems; this causes significant delays and errors when processing payrolls and obtaining necessary data. Furthermore, it takes up a significant amount of time.
NetSuite SuitePeople HR makes payroll automation simple with their powerful solution, NetSuite SuitePeople HR. This comprehensive solution allows employees to monitor their time and attendance, time off, compensation, and benefits with ease.
SuitePeople HR stores all employee data across NetSuite, including ERP, CRM, PSA and omnichannel commerce modules. This global record gives an exhaustive view of employees – their basic HR information and demographic details as well as time/ expense records, purchase orders approvals and reminders.
An HCM (human capital management) system assists companies in managing their employees throughout the employee lifecycle, from recruitment and onboarding through payroll and benefits administration. Furthermore, it provides tools for employee training and development.
Benefit administration functionality in HR software automates calculations of benefits eligibility, provides self-service for employees to select coverage and integrates with payroll to guarantee the correct amount is deducted from an employee’s paycheck.
Additionally, it can support various benefits plans and provide facilities for awarding bonuses like referral or spot pay. Doing so helps retain and motivate talent.
NetSuite SuitePeople securely incorporates people data into every aspect of its suite, giving managers and HR pros access to employee info, recent hires, staff onboarding, performance measurement, promotions and compensation changes in one platform.
HR also provides employees with incentives and recognition for their accomplishments, increasing employee retention rates. This includes creating compensation plans within employee records as well as setting learning objectives and goals, plus offering certifications.
Deepak Wadhwani has over 20 years experience in software/wireless technologies. He has worked with Fortune 500 companies including Intuit, ESRI, Qualcomm, Sprint, Verizon, Vodafone, Nortel, Microsoft and Oracle in over 60 countries. Deepak has worked on Internet marketing projects in San Diego, Los Angeles, Orange Country, Denver, Nashville, Kansas City, New York, San Francisco and Huntsville. Deepak has been a founder of technology Startups for one of the first Cityguides, yellow pages online and web based enterprise solutions. He is an internet marketing and technology expert & co-founder for a San Diego Internet marketing company.