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The evolving ‘why’ of Human Capital Management Systems - Wipro

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The evolving ‘why’ of Human Capital Management Systems - Wipro

In a day and age where managing a company’s human capital has never been more critical, systems that govern it are seeing the transformation as well; they are becoming enablers that directly impact the company’s bottom line. However, if we seek the HCM system’s reasons for existence, we need to go back to the early days when companies would leverage multiple software solutions to help with these tasks. It led to a tangled web of spreadsheets, standalone systems or add-ons to financial ERP. This is where HCM systems came in, with an integrated solution that would help companies comply with the laws of the land, save time, cut costs, and better leverage their most important asset – their people. There are three primary reasons for their existence: Compliance, Cost, and Talent.

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