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SAP Human Capital Management (HCM)

SAP Human Capital Management (HCM) - SAP Tutorial

From the course: SAP S/4HANA Essential Training

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SAP Human Capital Management (HCM)

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Next, we'll cover SAP Human Capital Management, or SAP HCM. This module is SAP solution to manage all human resources processes. And because of this, the HCM processes are now in what SAP calls the human resources line of business. The human capital management module has a huge amount of capabilities. Major HCM functions are broken down into different areas. The first area is personnel management, which handles personnel administration. All the data about each employee, their addresses, bank details, tax information, and more. It's also where employee benefits and their compensation is managed. Finally, personnel management houses the recruiting functionality to easily manage the hiring of new employees. The next major area of HCM is personnel time management. This area handles all of our scheduling and recording time worked. And this data feeds payroll to make sure employees are paid correctly. The third area of HCM is…

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