Core HR includes the HR system of record that combines HR transactions, processes, and data.Main capabilities also include payroll management, benefits management, workforce management, and training management.. Core HR Functions & Features are an important module of the comprehensive HCM RFP Template.
The HCM RFP template with Core HR Functions & Features for HCM is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 1430 decision criteria.
The HCM RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to HCM software vendors. It ensures for:
complete response from each HCM software vendor
deep and accurate evaluation of submitted HCM proposals
impartial side-by-side comparison of HCM solutions evaluated
rational and documented selection of the best matching HCM system
The HCM software comparison report can save you up to 90% of the time you would have otherwise spent comparing all the HCM solutions from scratch.
Benefits functionality is used to administer a diverse range of benefit plans. Such plans typically cover accidental death and dismemberment (AD&D), disability, and life insurance, medical benefits, retirement plans, flexible benefits, and profit-sharing plans. Benefits, Core HR Functions & Features
Payroll functionality consists of the employee profile, identifying the appropriate earnings and deductions for each employee, and capturing time worked, used, and owed. It also provides functionality for handling tasks such as absence management, wage garnishments, and more. Payroll, Core HR Functions & Features