Question

What’s New in Human Capital Management (HCM) The goals and aspirations of a company’s employees should be aligned with the strategic goals of organizations. Surprisingly, research shows that 95 percent of employees are unaware or do not understand their company’s strategic goals. In addition, newly recruited employees often do not perform as well as hoped because the employee’s personal goals are not aligned with those of the organization. Tools now exist that allow hiring organizations to assess potential candidates not only on their intelligence but also on other, harder to define characteristics, such as motivation and behavior. Once an employee is hired, new performance evaluation tools allow companies to assess employees in a consistent manner across the organization. Traditionally, individual managers within a company perform evaluations, which might be based on criteria that is inconsistent between different managers. This variation can cause problems when employees are evaluated across departments, perhaps for an internal promotion or a new job. Tools that improve the consistency of evaluations help to alleviate this problem. Many companies are also working to improve their performance assessment process through the use of the “360-degree evaluation,” in which employees perform their own evaluations, and are also evaluated not only by their managers, but also by their coworkers, and perhaps even their customers. Although many organizations are still using spreadsheets to analyze their workforce, those that use the SAP ERP software have the advantage of fast prediction. Using SAP’s new in-memory computing (HANA) feature, the Human Capital Management module can now handle large volumes of employee data—such as data related to hiring, promotion, and termination—to predict the three- and five-year makeup of the workforce. SAP is planning an expansion of social networking into the Human Capital Management module in the near future as well.

Question:

1. In what ways could social networking improve human capital management software?

Answer 1

Social networking has a huge database of individuals that are looking for jobs. The social media sites like the Linkedin, provide a huge database of potential employees with their past work experiences and skills. The Human capital management software can use the data present in the social media networking sites and use the same database to predict trends on what types of jobs are most trending, what kind of jobs are searched by the experienced and inexperienced individuals. This will create an effective database where employee-related information can be stored, analyzed to make future predictions and employee data can be used to contact potential candidates directly without even looking towards the job advertisement companies.

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