SAP HCM
Systems, Applications, and Products in Data Processing (SAP) offers a comprehensive human resource management solution known as SAP HCM, or SAP Human Capital Management. It is intended to support businesses in successfully and efficiently managing their human resources. A number of modules under SAP HCM handle different aspects of HR. In January 2022, I last updated my knowledge. SAP SuccessFactors, the company’s cloud-based HR solution, has been replacing the SAP HCM suite.
Among the main features and modules of SAP HCM (on-premise) are:
Organizational Management (OM): This module aids in the definition and administration of organizational components, including organizational units and reporting hierarchies.
Personnel Administration (PA): PA is in charge of maintaining master data on employees, which includes private and work-related information.
Time Management (TM): This module manages the procedures for timekeeping, attendance, managing absences, and evaluating time.
Payroll (PY): The PY module oversees the processing of payroll, which includes tax deductions, computations, and adherence to regulatory requirements.
Benefits (BN): This module handles the management of employee benefits, including retirement programs, insurance, and other incentives.
Training and Event Management (TEM): The Training and Event Management (TEM) module facilitates the organization and management of programs for the training and development of employees.
Performance management (PM): Performance management (PM) is the practice of controlling employee performance through the establishment of goals, evaluations, and feedback channels.
Succession Planning (SP): This module assists businesses in locating and developing possible heirs to important roles.
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