NetSuite human capital management allows businesses to streamline people processes without third-party integrations, and thus empower HR departments to provide services faster and more efficiently across their organization.
NetSuite SuitePeople HR provides companies with a consolidated solution that integrates human resource data with financial, project planning and budgeting, procurement, and supply chain processes – making it possible to consolidate all people-related information into one location while protecting it from unauthorised access.
Benefits
Integral human capital management enables your company to maximize the talent and people driving long-term success, including employee benefits, onboarding processes, training materials and compliance requirements.
NetSuite SuitePeople integrates HR and payroll data with financial, project planning and budgeting processes for enhanced collaboration between finance and HR as well as better decision-making for aligning workforce strategy with business performance. No other systems required!
Eliminate multiple systems with rigid input collections that lead to inaccurate data and poor results, and streamline input collections and assumptions to help shorten planning/forecasting cycle times and provide visibility into how workforce performance impacts financial outcomes.
NetSuite also alleviates the inefficiency associated with managing and reconciling duplicate information across different HR systems and outside services, providing accurate recordkeeping as well as real-time reporting and analysis capabilities that keep employees engaged by helping them create goals and celebrate accomplishments.
Payroll
Netsuite human capital management allows you to streamline and automate HR processes such as employee onboarding, payroll management and performance reviews – keeping track of employee data while motivating teams.
SuitePeople by NetSuite is the first human resources software built on NetSuite’s cloud suite, eliminating the need for multiple departmental systems. This flexible HR solution brings people, financial, project, payroll and procurement processes under a single umbrella application.
This suite provides advanced HCM data management features for employee compensation, payroll and commissions, benefits and time-off plans. These features make information readily available across your organization for easy sorting and searching abilities as well as providing employees with the ability to request time off, change personal details or recognize colleagues for outstanding achievements.
Built to integrate seamlessly with NetSuite, this HR management system can reduce administrative time spent on repetitive HR tasks by routing data for timely approvals and expediting administrative approval processes. By eliminating this overhead cost, HR leaders can devote more of their attention to strategic business initiatives while using KPIs for productivity enhancement and compliance purposes.
Performance Management
Performance management is a method used by organizations to increase worker productivity. This process includes setting goals, tracking their progress, and rewarding them when they meet them.
Employees need the tools and resources available to them in order to reach their highest performance levels, but without access to these essential tools and resources it will be impossible for them to succeed and excel in their jobs. NetSuite HRM software provides many tools designed specifically to aid employees and help improve performance at work.
HR professionals can utilize HR software to manage employee data, assist new hires with onboarding processes and track promotions; track promotions to determine progress towards goals; conduct performance reviews of their peers as well as recognize them publicly for outstanding efforts.
Software designed on a cloud platform that operates real time can be used from any location and updated regularly to close security gaps and speed up system operation, thus guaranteeing it works correctly for everyone who utilizes it.
Employee Engagement
Engaged employees tend to be more productive, satisfied, and loyal employees who may provide feedback to managers and collaborate more closely together on tasks.
Employee engagement software helps companies enhance the working environment and boost employee productivity, as well as supporting collaboration among teams and remote employees.
Additionally, it can be used to notify employees when new policies or safety updates are being announced by the company as well as record employee time and attendance data.
Additionally, it can be used to develop labor schedules and acknowledge employees for good work done.
HCM can create a strong organizational culture that encourages employees to remain with the company long term, as well as identifying gaps in talent and investing in those missing skills to increase productivity and revenue.