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Planning is a core
capability that distinguishes HCM
from simple HR systems. Ramco Human
Capital Management includes extensive
and flexible planning capabilities
for enterprises. The planning horizon
includes salary planning, staff planning,
succession planning, and career planning.
Salary planning accommodates organizational
structure, appraisals, and compensation
details. Salary planning can optionally
be linked to staffing planning to
get a complete picture of compensation
requirements during planning. Salary
planning can also be rolled up and
reflected in levels above, for a complete
view of salary requirements. External
and internal benchmarks can be leveraged
for comparison purposes.
Staff planning allows organizations
to capture existing and planned staffing
needs. Forecasting can be performed
at each level in the organization
and rolled up to the entire enterprise.
Reports can show planned versus actual
staffing with variances as well as
salary outflows for various scenarios.
Succession planning is vital for efficient
operations as employees leave positions
because of promotions, transfers,
or exits. Sucession planning relies
on information stored in the career
plans, competency requirements for
jobs, and employee competencies for
the succession process.
Career planning tracks the evolution
and growth of an employee throughout
their tenure at the company. Each
new position requires different skills
and competencies and these are accumulated
and aggregated into a comprehensive
picture of an employee’s capabilities.
These capabilities can then be matched
in the succession planning process
as well as for assessment of viability
of a candidate for a new position.
Major capabilities of Planning include
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