People are the greatest resource of any organization. Treating your employees fairly and providing them will all the opportunities to develop their careers will help you in achieving your business goals. This is where the Human Capital Management comes in.
The human Resource team in any organization works for the development of its employees. HR is not just about recruiting but there is something more than that. Employee lifecycle management (ELM) is something that each and every organization should prioritize to achieve longevity and success.
The employee life cycle has six stages, namely outreach, recruiting, onboarding, development and training, performance, and off-boarding. Managing the employees, right from recruitment to retirement, is often a cumbersome process.
The HR department often faces many challenges when they don’t find the information at the right time. Dynamics 365 human resources can help you overcome these challenges and also makes the jobs of people in the human resource department easier at each and every stage of ELC.
Why is Dynamics 365 Human Resources important for an Enterprise?
Dashboards of Dynamics 365 human resources provide you with information with which you can build a data-driven approach to create a smooth and seamless employee lifecycle. The data that can be obtained from the dashboards are:
- Compensation
- Benefits
- Leave and absence
- Compliance
- Payroll integration
- Performance feedback
- Training and certification programs
- Self-service programs.
With Dynamics 365 human resources, your organization can simplify and ease the onboarding process and also automate some of the HR tasks.
By doing this, you can save a lot of time and concentrate more on enhancing employee performance and development. You can hire the right people by developing a collaborative hiring process and also create a customized onboarding experience for each and every person.
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Creating a seamless onboarding experience helps new recruits understand more about the company, stay connected and also be productive as quickly as possible. You can streamline the onboarding for each and every new recruit by sharing the checklist and also relevant documents before the start date and also connect new employees with their peers with similar interests to develop a long-lasting relationship.
Dynamics 365 Human Resource does the following for your organization:
- Helps employees of the organization to nurture their talent and maximize the potential of each and every everyone.
- Create targets and suggest some courses to upskill themselves based on their current skillset.
- Design and create a system in which you can give daily feedback to your employees and also establish a two-way conversation between employees and managers.
Additionally, your HR department can also track the skills, education, and other competencies and create a centralized database of all the employees. The HR team can also check for the current and past goals accomplishment of the employee and also helps you in gaining full transparency.
Using dynamics 365 human resources you can motivate your employees and retain the workforce. Your organization can easily manage the compensation that has to be given out and also analyze the compensation plans of the company. The department can easily implement compensation to the employee based upon the merit and the goals accomplished which thereby provides more transparency and completely eliminates the guesswork.
You can design, manage and administer the bonus, fixed pay, overtime, and all other benefits of all your employees.
How to use Dynamics 365 Human Resource for ELC?
Dynamics 365 human resources have many features that can be used to design and create a seamless employee life cycle. Microsoft Dynamics 365 human resource has easy to use interface and here are some of the user interface elements.
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Action pane of the UI is used to navigate between tabs, a fact box is used to check and verify all the planned activities, Filter plane is used to filter the data and visualize the required data. The navigation bar and Navigation plane are used to navigate to other functionalities of the dashboard and to check details of a specific record respectively.
Each and every organization has its own parameters of assessment of their employee. Using the human resources parameters settings, your organization can configure the parameters that are company-specific.
The parameters that are available on the human resource page are, General, recruitment, Compensation, number sequences, FMLA, employee self-service, manager self-service, benefits management, leave and absence, and payment methods. Each and every parameter can be manipulated based upon your requirements. Every company generates lots of data and some of this data requires identifiers to access and read it.
Dynamics 365 provides a feature called number sequence which is used to generate readable, unique identifiers for master data and also identifiers for payment transactions.
You can also set up an organizational hierarchy to plan the workflow and go according to the business model. Another feature is the address book, which is a centralized database containing details of all the internal and external processes, employee details, and also external contacts made with other people outside the organization. Using the workflow system, you can create a workflow for a specific employee.
You can structure your organization structure by specifying the department, job roles, and job positions using the departments, jobs, and positions feature of the software. You can also assign a job task and also configure the job type such as permanent, intern, hourly pay, and many more.
Configure and set up the compensation plan of your employees such as a fixed pay plan and variable compensation plan. Components, such as fixed compensation actions, range utilization matrix, levels, compensation matrix, etc, can be used to create a compensation structure.
To manage the leave and absence of your employees, you can configure the leave and absence parameters to manage leave requests and also create a leave request flow. You can also create leave types using the portal. The performance management dashboard helps the managers to look at the performance of their team and also discuss the team’s progress. Parameters such as performance journals, performance goals, performance reviews can help you manage the process.
The human resource department also managers of the organization can recommend courses and also check the status of the courses using the course feature. The administrator can modify parameters such as course setup type, course tasks, course status and also monitor the course participants.
Offering benefits keeps the morale of the employee very high and also makes them competitive.
In addition to the standard benefits like medical and health plans, you can also add and offer extra benefits to the employee based upon the performance and other parameters based upon the company. Benefits management of the dynamics 365 human resources helps you plan and manage it effectively.
Conclusion
Microsoft dynamics 365 human resource is a one-stop solution for all your organizational needs. You can get the workforce insights that help you to streamline the process and increase efficiency. Using solutions like there helps your human resource department to optimize workforce costs and take good care of your employees.
It is good for the enterprises to take expert services for Microsoft D365 HR Deployment. In case you are thinking about starting to use this amazing solution, contact Stridely Solutions to implement it well for your organization.
