Human Capital Management Software Enables Corporate Efficiencies

Charles David Snyder is a longtime Cleveland entrepreneur with consulting experience that spans a full range of IT and economic development strategies. As the chairman and CEO of LongReach Advisors, C. David Snyder seeks to maximize workforce and sourcing strategies through the application of enterprise planning technology.

One component of this is human capital management (HCM) software, which deploys and tabulates various data sets in evaluating worker performance and behavior. By collecting real-time data and applying it through emerging machine-learning and AI platforms, companies predictively manage complex workforce challenges in ways that meet specific goals, from boosting productivity to increasing customer satisfaction.

A diverse range of HCM products exist spanning sourcing and recruiting, applicant tracking, vendor management, and core HR functions. These are often bundled together within comprehensive (as well as modular and scalable) solutions by industry leaders such as SAP SE, Oracle Corporation, and IBM.

One major challenge limiting industry growth is that with vast amounts of real-time data collected comes the increased potential for personal data breaches and the hacking of organizations. For this reason, an emphasis is on secure, privacy enabled HCM as a part of any company’s organizational strategy.

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