'The whole is greater than the sum of its parts.'-Aristotle
Finance and hence, Payroll software must understand the time value of money. Payroll software is not an investor but it does handle the payroll dollars, a sum that can be 60% or more of all factor costs in a business. Given the international nature of business, it must understand time zones, local legislation, currencies and industry - business norms to even make a basic entry. We can all agree that this is a tall demand. No guises here, the entry barriers are fairly steep.
Most software do not share your mindset. They make you walk through puddles even during sunny days. A good reporting or interactive experience is predicated on the surface of a keen understanding of engagement. This is not just a subjective word; it has a measure too and is called ‘attention span’.
HR managers can arm themselves with the information they need on their workforce, if they were to maintain talent pools systematically. Though there are varying definitions of what a talent pool is, it is undeniably an objective source of information on the workforce’s capabilities and even capacities. While skills and tags are capabilities, headcounts in a pool, work experience speak etc. talk of capacities.
While discussing software enablement for the succession planning process, typical audience reaction can range from skepticism, to passivity to even a passionate denial of its need. Indeed the process is far more intricate than the rubric of contemporary IT. No Internet of ‘things’ in Succession Planning, which is usually a process used to identify people within the organization for positions…