Executive Briefings

Enterprise Finds Human-Capital Management Becoming More Important

Managing a workforce is no longer a simple matter of verifying hours worked and cutting paychecks on time. Manufacturers worldwide are increasingly focusing their human resources efforts on processes such as recruiting, performance management, and succession planning.

"HR is no longer a low-priority cost center," says Jeff Freyermuth, an analyst at AMR Research.

In a market that is just now coming of age, it's important to remember that human-capital management applications are in their infancy, says Albert Pang, director of enterprise applications research at IDC Manufacturing Insights. "Even in the ... '90s and early 2000s time frame, there just weren't many tools available for you to, let's say, do résumé processing," he points out.

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Managing a workforce is no longer a simple matter of verifying hours worked and cutting paychecks on time. Manufacturers worldwide are increasingly focusing their human resources efforts on processes such as recruiting, performance management, and succession planning.

"HR is no longer a low-priority cost center," says Jeff Freyermuth, an analyst at AMR Research.

In a market that is just now coming of age, it's important to remember that human-capital management applications are in their infancy, says Albert Pang, director of enterprise applications research at IDC Manufacturing Insights. "Even in the ... '90s and early 2000s time frame, there just weren't many tools available for you to, let's say, do résumé processing," he points out.

Read Full Article