Enhancing Self-Service Portals with HCM | Complete Payroll (2024)

Enhancing Self-Service Portals with HCM | Complete Payroll (1)

If your business has more than a bare handful of employees, self-service portals are an important part of your technology infrastructure. Without them, individual employees need to contact a manager or HR specialist to make basic updates or check for information, which takes valuable time that should reasonably be spent on other tasks.

If these conversations require more than one back-and-forth interaction (as when the need to ask clarifying questions arises), this time can balloon precariously. For this reason, self-service portals—in which employees can check, update, and manage some of their own data—are nearly ubiquitous in the business world today.

Enhancing Self-Service Portals with HCM | Complete Payroll (2)

These systems aren’t always problem-free, however, and their piecemeal application and cause their own problems. Luckily, human capital management platforms have tackle many of these issues head-on, leading to a better, more efficient, and more user-friendly experience.

One system for better security

Self-service portals are fantastic, but they contain sensitive information and require a good deal of security to avoid things like identity theft. Not a problem on your end, as that’s the point of buying a system that provides security out of the box. When you have dozens or even thousands of people that need to access their personal data, however, this means you have dozens (or thousands) of usernames and passwords.

Now multiply this by three or five. One for tracking time and attendance. One for looking at benefits. Another for accessing tax information. One for training. One for searching for internal promotion opportunities … you get the idea. The more passwords each employee needs to track, the more likely they will:

  1. Need to go through the “I forgot my password” process on a regular basis, wasting valuable time.
  2. Make their passwords something obvious and insecure, like “Password123” or their name and birth year.
  3. Record their passwords someplace that’s extremely insecure, such as a sticky note or in a notebook conspicuously labelled “Important Passwords.”

When employee self-service portals are combined into one, this vastly reduces the amount of login information that each employee needs to keep track of, which in turn reduces the chances that those employees will take unnecessary risks with their information for the sake of convenience.

Familiarity reduces training needs

Aside from passwords, having one unified platform for your self-service portals means that the user experience is also similar across the board. This means that the time you spend training employees on how to manage and access their information (or the time your employees spend taking online training modules that teach them how to do this) is greatly reduced.

When your onboarding process is no longer filled with a laundry list of different systems that require introductory explanations, you can spend that time helping new employees with the things they really care about, like getting used to their new job.

This also applies to new managers who are dealing with information related to the employees they supervise for the first time. When the system is one that they are already familiar with from managing their own data, there is less of a learning curve when they are given access to expanded information from a managerial perspective. It’s just a new level of a process that already feels routine.

Confused? There’s one source of support.

Of course, this doesn’t mean that there will never be confusion. As long as there is technology, there will be people who struggle with it. And while the tech of tech support changes from year to year, people will eventually need to call (or text, or whatever the future brings) for help.

If you have questions about multiple systems, you may find yourself needing to tackle them one by one, waiting in line for your turn to speak to an expert each time. With a human capital management platform, though, there’s just one system. Are you trying to do multiple things at once? Ask all your questions at once too. And with a single platform, you may find that the answer to one question addresses your other issues as well.

HCM platforms can change the way employees think about their own data.

It empowers them to take ownership of the information they produce and helps them to think proactively about any issues that may occur. If this sounds like the kind of workplace you’re hoping to build, it’s worth thinking about whether human capital management might be a good fit for your organization. Contact us to learn more.

Our complete guide onHuman Capital Managementis a comprehensive resource about how effective HCM helps organizations manage their workforce more effectively. Whether you're interested in seeing an HCM platform or just want to learn more about the practice of Human Capital Management, this page is for you.

Enhancing Self-Service Portals with HCM | Complete Payroll (3)

More Blog Posts about HCM Topics:

  • How Human Resource Management is Improved with an HCM Platform
  • How New Hire Onboarding is Improved with an HCM Platform
  • The Benefits of Implementing a Human Capital Management System
  • How Recruitment Management is Improved with an HCM Platform
  • What to Consider When Choosing an HCM Software Platform
  • How Employee Benefits Management is Improved with an HCM Platform
  • What is Human Capital Management?
  • Best Practices for Employee Applicant Tracking
  • How Reporting and Analytics is Improved with an HCM Platform
  • About Applicant Tracking and its Benefit to HR Managers
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  • How Performance Management is Improved with an HCM Platform
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Human Capital Management

Enhancing Self-Service Portals with HCM | Complete Payroll (2024)

FAQs

What is the HCM portal? ›

Oracle Human Capital Management (HCM) Oracle Fusion Cloud HCM is a complete cloud solution that connects every human resource process—and every person—across your enterprise.

What is HCM in payroll? ›

In need of an all-in-one payroll and HR solution? Talk to Sales. Human capital management (HCM) is the process of hiring the right people, managing workforces effectively and optimizing productivity.

What does human capital management HCM primarily focus on? ›

HCM focuses on adding value to an organization's people resources so they can deliver the best results. It covers human resources functions, compensation, performance and other key areas vital to the tactical and strategic vision and mission of a company.

What is the HCM strategy? ›

A human capital management (HCM) strategy is a plan for managing talent in ways that enable an organization to meet its strategic objectives. Excelling at developing and managing an HCM strategy is particularly important for HCM professionals today.

What are HCM platforms? ›

HCM (human capital management) software is an integrated suite of technologies that can help businesses manage their employees, from hire to retire.

How to build an HR portal? ›

Designing HR Portals in 2023: A quick guide
  1. User-Centric Approach: Understand Your Employee Needs. ...
  2. Design User Journeys to Support Employee Experience. ...
  3. Enable Self-Service for HR Processes. ...
  4. Make Onboarding Processes and Training Easier. ...
  5. Create Content Authoring Workflows to Keep Important Documentation In Check.

What is the difference between HRIS and HCM? ›

The main difference between HRIS, HCM, and HRMS tools has to do with the depth and breadth of their HR coverage. An HRIS handles core HR functions, while HCMs drill down into more employee-centric processes, with HRMS software offering even more comprehensive features.

What are the four types of human capital management? ›

There are various types of human capital, including technical skills, soft skills, intellectual capital, institutional knowledge, and organizational capital. Technical Skills: This type of human capital includes specific abilities or knowledge related to a particular job or industry.

How to implement HCM? ›

Seven best practices for a successful HCM implementation
  1. Engage stakeholders from the very start. ...
  2. Ensure open communication. ...
  3. Provide the proper training. ...
  4. Prepare for risks. ...
  5. Make data-driven decisions. ...
  6. Address difficulties in change management. ...
  7. Continue to evaluate and improve.
Aug 10, 2023

What is HCM optimization? ›

The HCM optimization process evaluates every stakeholder's experience to ensure software and processes serve their needs in the most frictionless way possible. As mentioned above, optimizing your system or adding today's cutting-edge features could be exactly what your staff needs.

How is HCM different from HR? ›

However, there are some key distinctions between the two. HCM is about optimising the economic value that employees bring to an organisation. It invests in employees through training, education, and enhanced benefits. On the other hand, HRM is about managing the process of recruiting, hiring, and developing employees.

What does HCM stand for in recruiting? ›

Human capital management (HCM) is the set of practices and software used for recruiting, managing, and developing an organisation's human capital – aka its workforce.

What does HCM stand for in workday? ›

Designed for the way people work, the Workday Human Capital Management (HCM) suite enables you to embrace change by providing workforce and operational insights.

What is my HR experience portal? ›

As a function of your HR portal, an employee portal is how employees access your organisation's HR department. It is where they can log in, see tasks, add information, request help or holiday and much more.

Is Oracle HCM the same as PeopleSoft? ›

No, Oracle HCM Cloud and PeopleSoft are two different solutions Oracle offers. Oracle HCM Cloud is a modern, cloud-based solution, while PeopleSoft is an enterprise-grade solution that can be deployed on-premise or as a hosted solution.

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