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HumanResourcesInformationSystem A HumanResourcesInformationSystem (HRIS) is a type of people management software that collects, manages, stores, and processes employee data. ” 15. ” 16.
Companies also needed a feature to leverage employee records for successionplanning as part of the workforce planning strategy. Talent management systems contained within HCM software exist to support companies in managing leadership development, performance, and compensation management. Workforce management. Compliance.
HCROI: Human Capital ROIHuman Capital ROI is a metric that represents the financial value employees contribute compared to the money spent on them, including compensation, talent management, training, etc. HR acronym usage example: “An HRIS can help HR practitioners save 2 hours per day on administrative tasks.”
HR systems & implementation HR data comes from HR systems, often referred to as the HumanResourcesInformationSystem (HRIS). These transactional systems contain most of the data that the HR Analyst works with. Field HR, Talent, Employee Listening, etc.)
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