What Does a Human Capital Management Solution Mean for Retailers?

What does a Human Capital Management Solution mean for Retail? According to the Aberdeen Group's report on Human Capital Management Trends 2013, 41% say what makes HCM solutions so important today for the retail business is "Economic uncertainty forcing the organization to operate more efficiently." Retail businesses are compelled to provide holistic HCM solutions that serve and streamline all areas of the organization to drive improved communication, control, compliance and use that enhances profitability. DAYFORCE | HCM HR DATA PAYROLL AND TAX SELF-SERVICE BENEFITS MOBILE MESSAGING HUMAN RESOURCES ANALYTICS WORKFLOW WORKFORCE MANAGEMENT PAYMENTS INTEGRATION TALENT MANAGEMENT ON THE FLOOR MANAGER ASSOCIATE 1 Associates do not get lost in the numbers, 1 Align store skills and staff to maximize customer experience while leveraging allowing their preferences and needs to be counted labor spend 2 Streamline and tract plan to actual results with real-time visibility and compliance 3 Improve communication and associate engagement in a collaborative, flexible and efficient manner 2 Improved communication at the point and time of need for a more flexible work-life balance and higher retention 3 One-stop access and engagement: time-off, schedules, pay cards, pay details, earning statements, benefits, LifeWorks, and much more. 50% faster system response times and business cycle compression means less time in process and more time on the floor with associates and customers "CEO's are focused on talent as a priority with 80% looking to improve employee engagement" PWC 16TH ANNUAL GLOBAL CEO SURVEY, 2013 AT HOME MANAGER ASSOCIATE 1 Monitor and respond to associate and store needs: approve time-off, reconcile time cards, manage coverage, approve schedule pick-up or swaps 1 Immediately account for life events through mobile self-service 2 Access work schedules and details from 2 Plan, track, and measure store and associate performance home computer or mobile device 3 Communicate anywhere and anytime with a quicker response 3 Receive real-time alerts and notifications from anywhere and from anyone in the organization that is critical to remain proactive with the business 72% of business decision makers say mobile apps increase productivity in their workforce OUTSYSTEMS "Managers can quickly respond to associate requests and resolve scheduling and attendance issues in a matter of minutes" AT HEADQUARTERS PAYROLL FINANCE 1 One employee record updates the entire system, eliminating duplicate data entry and reducing the chances of error 1 Software as a service (Saas) reduces software, hardware, and support costs - providing an overall lower cost of ownership 2 Recapture more then 80% of the time spent administering and finalizing payroll each period 2 Cost control and business performance issues can be caught early for proactive prevention 3 Process payroll in a fraction of the time with automated real-time calculations and pay register details – no batch processing 3 Faster processing, reduced interfaces and processing time enables real-time visibility and analysis of store and company performance An HCM system reduces payroll processing errors by more than 95% Organizations using workforce analytics tools experience 149% year-over-year improvement in revenue per employee NUCLEUS RESEARCH ABERDEEN, 2009 CORPORATE ATTORNEY 1 Enforces hour & wage rules consistently with fairness and equity across all regions, states, provinces and countries 2 Preventive policies are consistently 3 Fully automated tax deposits used to mitigate risk presented by various labor laws and the Affordable Healthcare Act and filing prevent expensive fines and penalites A great HCM system allows organizations to improve accuracy, reduce errors, and mitigate the risk and stress associated with compliance concerns NUCLEUS RESEARCH Dayforce HCM transforms human capital management from a collection of disparate systems reliant on fragile interfaces to a single, robust, real-time application. One employee record, one user experience and zero interfaces. CERIDIAN Trusted Results. Transformative Technology. www.ceridian.com PLATFORM